StockNews.com Initiates Coverage on Aptiv (NYSE:APTV)

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

A number of other research analysts have also weighed in on APTV. TD Cowen assumed coverage on Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Friday, February 7th. Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $75.00 to $82.00 in a report on Monday, January 27th. UBS Group raised their target price on shares of Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.61.

Aptiv Stock Down 5.3 %

Shares of APTV opened at $62.31 on Thursday. The business’s 50 day moving average is $64.06 and its 200 day moving average is $63.08. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv has a 12-month low of $51.47 and a 12-month high of $85.56. The company has a market capitalization of $14.30 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Research analysts expect that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On Aptiv

A number of institutional investors have recently modified their holdings of APTV. Massachusetts Financial Services Co. MA grew its stake in Aptiv by 11.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after purchasing an additional 1,517,104 shares in the last quarter. FMR LLC increased its stake in shares of Aptiv by 1.7% during the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company’s stock valued at $470,247,000 after buying an additional 126,882 shares during the period. Franklin Resources Inc. increased its stake in shares of Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $371,767,000 after buying an additional 1,408,433 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Aptiv by 1,390.6% in 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 worth $386,103,000 after acquiring an additional 5,002,090 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Aptiv by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock worth $234,799,000 after acquiring an additional 223,831 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other 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.