Aptiv (NYSE:APTV) Upgraded to “Neutral” at Piper Sandler

Aptiv (NYSE:APTV) was upgraded by stock analysts at Piper Sandler from an “underweight” rating to a “neutral” rating in a report issued on Thursday, MarketBeat reports. The brokerage presently has a $65.00 price objective on the auto parts company’s stock, up from their prior price objective of $53.00. Piper Sandler’s price target points to a potential upside of 2.52% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Barclays dropped their price target on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Wednesday. Bank of America dropped their price target on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. StockNews.com initiated coverage on shares of Aptiv in a research report on Wednesday. They set a “hold” rating for the company. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Finally, Oppenheimer dropped their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average target price of $85.06.

Aptiv Price Performance

Aptiv stock opened at $63.40 on Thursday. Aptiv has a 12-month low of $51.47 and a 12-month high of $88.89. The stock has a market cap of $14.90 billion, a P/E ratio of 7.08, a PEG ratio of 0.56 and a beta of 1.75. The company has a 50-day moving average price of $58.39 and a 200 day moving average price of $64.84. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last released 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. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period last year, the business earned $1.30 earnings per share. Aptiv’s revenue was down 5.1% compared to the same quarter last year. Sell-side analysts anticipate that Aptiv will post 6.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in APTV. Pacer Advisors Inc. lifted its stake in Aptiv by 31.2% in the second quarter. Pacer Advisors Inc. now owns 28,921 shares of the auto parts company’s stock worth $2,037,000 after acquiring an additional 6,875 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in shares of Aptiv by 132.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 100,192 shares of the auto parts company’s stock worth $7,056,000 after buying an additional 57,145 shares during the last quarter. Insigneo Advisory Services LLC lifted its position in shares of Aptiv by 22.1% during the 2nd quarter. Insigneo Advisory Services LLC now owns 5,868 shares of the auto parts company’s stock worth $406,000 after buying an additional 1,064 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Aptiv by 27.7% during the 2nd quarter. AQR Capital Management LLC now owns 738,000 shares of the auto parts company’s stock worth $51,062,000 after buying an additional 159,950 shares during the last quarter. Finally, APG Asset Management N.V. lifted its position in shares of Aptiv by 5.9% during the 2nd quarter. APG Asset Management N.V. now owns 577,793 shares of the auto parts company’s stock worth $37,964,000 after buying an additional 32,421 shares during the last quarter. 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.