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

Equities research analysts at StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the auto parts company’s stock.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company upped their price target on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Royal Bank of Canada increased their target price on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Argus upgraded Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. TD Cowen started coverage on Aptiv in a research note on Friday, March 7th. They set a “buy” rating and a $90.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average price target of $84.78.

Aptiv Stock Performance

NYSE:APTV opened at $48.00 on Friday. The company has a market capitalization of $11.01 billion, a P/E ratio of 6.98, a P/E/G ratio of 0.62 and a beta of 1.64. The business has a fifty day simple moving average of $61.94 and a two-hundred day simple moving average of $61.66. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv has a 1 year low of $47.19 and a 1 year high of $85.56.

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

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is currently owned by insiders.

Institutional Trading of Aptiv

Hedge funds and other institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in shares of Aptiv by 11.9% during 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 acquiring an additional 1,517,104 shares in the last quarter. FMR LLC grew its holdings in shares of Aptiv by 1.7% during the 4th quarter. FMR LLC now owns 7,775,251 shares of the auto parts company’s stock valued at $470,247,000 after purchasing an additional 126,882 shares during the last quarter. Franklin Resources Inc. raised its position in Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after purchasing an additional 1,408,433 shares during the period. Victory Capital Management Inc. lifted its stake in Aptiv by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock worth $234,799,000 after purchasing an additional 223,831 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Aptiv by 19.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock valued at $172,117,000 after buying an additional 468,069 shares during the period. 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.