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

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

Other equities research analysts have also recently issued reports about the company. TD Cowen assumed coverage on Aptiv in a research note on Friday, March 7th. They issued a “buy” rating and a $90.00 target price on the stock. Oppenheimer raised their price target on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and raised their price target for the company from $75.00 to $82.00 in a report on Monday, January 27th. Wells Fargo & Company raised their price target on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and raised their price target for the company from $53.00 to $65.00 in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Aptiv Stock Performance

Shares of APTV opened at $62.75 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The stock has a market capitalization of $14.40 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. Aptiv has a 12-month low of $51.47 and a 12-month high of $85.56. The business’s fifty day moving average price is $63.72 and its 200 day moving average price is $63.31.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Equities research analysts forecast that Aptiv will post 7.2 EPS for the current year.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Aptiv

A number of institutional investors and hedge funds have recently modified their holdings of APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Aptiv by 1,390.6% during the third 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 during the period. Harris Associates L P bought a new stake in shares of Aptiv during the third quarter valued at approximately $162,640,000. Point72 Asset Management L.P. bought a new stake in shares of Aptiv during the third quarter valued at approximately $143,909,000. Norges Bank acquired a new stake in Aptiv in the 4th quarter valued at $106,492,000. Finally, Pictet Asset Management Holding SA boosted its stake in Aptiv by 1,018.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock valued at $102,262,000 after buying an additional 1,539,724 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

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.