Aptiv (NYSE:APTV) Coverage Initiated by Analysts at StockNews.com

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

Several other analysts also recently commented on APTV. TD Cowen reduced their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company decreased their price target on Aptiv from $74.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Robert W. Baird dropped their price objective on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Bank of America reduced their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Two research 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.29.

Aptiv Trading Up 0.4 %

NYSE:APTV opened at $60.34 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv has a 52-week low of $51.47 and a 52-week high of $91.66. The stock’s 50 day moving average price is $58.53 and its 200 day moving average price is $66.09. The company has a market capitalization of $14.18 billion, a PE ratio of 6.73, a P/E/G ratio of 0.59 and a beta of 1.78.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.30 EPS. On average, research analysts anticipate that Aptiv will post 6.15 EPS for the current year.

Hedge Funds Weigh In On Aptiv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC increased its position in Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after purchasing an additional 156 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Aptiv in the second quarter valued at approximately $1,331,000. Commonwealth Equity Services LLC lifted its stake in shares of Aptiv by 11.5% during the second quarter. Commonwealth Equity Services LLC now owns 32,891 shares of the auto parts company’s stock valued at $2,316,000 after buying an additional 3,383 shares during the period. Van ECK Associates Corp acquired a new stake in Aptiv during the second quarter worth approximately $496,000. Finally, Essex Financial Services Inc. grew its stake in Aptiv by 68.8% in the 2nd quarter. Essex Financial Services Inc. now owns 5,049 shares of the auto parts company’s stock worth $356,000 after acquiring an additional 2,057 shares during the period. Institutional investors and hedge funds 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.