Aptiv (NYSE:APTV) Research Coverage Started at StockNews.com

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

APTV has been the topic of a number of other research reports. TD Cowen dropped their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Wolfe Research began coverage on Aptiv in a research note on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target on the stock. Royal Bank of Canada dropped their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Barclays dropped their price target on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Finally, Evercore ISI dropped their price target on Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Aptiv Stock Performance

Shares of Aptiv stock opened at $56.14 on Monday. The company has a market capitalization of $13.20 billion, a PE ratio of 6.32, a P/E/G ratio of 0.50 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The company has a 50-day simple moving average of $67.42 and a two-hundred day simple moving average of $71.71. Aptiv has a one year low of $52.81 and a one year high of $91.66.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.30 earnings per share. Research analysts expect that Aptiv will post 6.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Hedge funds have recently bought and sold shares of the stock. Independence Bank of Kentucky purchased a new stake in Aptiv in the 2nd quarter worth approximately $25,000. Crewe Advisors LLC boosted its position in Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares in the last quarter. Clearstead Trust LLC raised its stake in shares of Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after buying an additional 305 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares during the period. Finally, Wolff Wiese Magana LLC raised its stake in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the period. Hedge funds and other institutional investors 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.