Aptiv (NYSE:APTV) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV) in a report published on Monday. The brokerage issued a hold rating on the auto parts company’s stock.

Several other equities research analysts have also recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada cut their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company decreased their price target on shares of Aptiv from $74.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $84.29.

Aptiv Price Performance

Shares of NYSE:APTV opened at $61.45 on Monday. 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 business has a 50 day moving average price of $57.45 and a 200 day moving average price of $65.62. The company has a market cap of $14.44 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 0.59 and a beta of 1.75. Aptiv has a twelve month low of $51.47 and a twelve month high of $88.89.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion for 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%. Aptiv’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.30 earnings per share. Research analysts predict that Aptiv will post 6.15 earnings per share for the current year.

Institutional Trading of Aptiv

Several large investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 worth $386,103,000 after purchasing an additional 5,002,090 shares during the last quarter. Harris Associates L P bought a new stake in shares of Aptiv during the third quarter worth $162,640,000. Point72 Asset Management L.P. acquired a new position in shares of Aptiv during the third quarter valued at $143,909,000. Massachusetts Financial Services Co. MA boosted its holdings in Aptiv by 15.9% in the second 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 last quarter. Finally, FMR LLC increased its position in Aptiv by 20.4% in the third 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. 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.