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

Research analysts at StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV) in a research note issued on Sunday. The brokerage set a “hold” rating on the auto parts company’s stock.

Other analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company lowered their target price on Aptiv from $74.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Barclays dropped their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Royal Bank of Canada reduced their price objective on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen decreased their target price on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.29.

Aptiv Stock Performance

Shares of NYSE APTV opened at $60.11 on Friday. Aptiv has a 52-week low of $51.47 and a 52-week high of $91.66. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The firm’s 50-day moving average price is $58.33 and its 200-day moving average price is $65.99. The company has a market cap of $14.13 billion, a PE ratio of 6.71, a PEG ratio of 0.59 and a beta of 1.78.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the business earned $1.30 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, analysts anticipate that Aptiv will post 6.15 EPS for the current year.

Institutional Trading of Aptiv

A number of institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its position in shares of Aptiv by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after acquiring an additional 1,764,844 shares during the period. FMR LLC grew its stake in shares of Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in Aptiv by 13.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after buying an additional 905,431 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Aptiv by 1,390.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after buying an additional 1,090,766 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Company Profile

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.