StockNews.com Begins Coverage on Aptiv (NYSE:APTV)

StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a research note published on Saturday. The firm issued a hold rating on the auto parts company’s stock.

Several other brokerages also recently commented on APTV. Royal Bank of Canada increased their target price on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and upped their price target for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Piper Sandler lifted their target price on shares of Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Finally, Barclays boosted their price target on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.78.

Aptiv Stock Up 4.5 %

Shares of NYSE:APTV opened at $50.06 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm has a market capitalization of $11.49 billion, a P/E ratio of 7.28, a P/E/G ratio of 0.62 and a beta of 1.64. The stock has a 50 day moving average price of $61.72 and a 200-day moving average price of $61.49. Aptiv has a 52-week low of $47.19 and a 52-week high of $85.56.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, equities research analysts anticipate that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Aptiv

Large investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Aptiv during the fourth quarter valued at approximately $106,492,000. Pictet Asset Management Holding SA increased its position in shares of Aptiv by 1,018.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock valued at $102,262,000 after acquiring an additional 1,539,724 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Aptiv by 11.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after purchasing an additional 1,517,104 shares during the last quarter. Franklin Resources Inc. raised its position in Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after buying an additional 1,408,433 shares during the last quarter. Finally, Paloma Partners Management Co raised its holdings in shares of Aptiv by 968.7% during the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company’s stock worth $55,007,000 after purchasing an additional 824,400 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

About Aptiv

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.