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

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

Several other research firms also recently commented on APTV. Royal Bank of Canada decreased their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Wolfe Research initiated coverage on Aptiv in a report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective for the company. Morgan Stanley decreased their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Finally, Barclays decreased their price objective on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.53.

Aptiv Price Performance

NYSE:APTV opened at $52.14 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The stock’s 50-day simple moving average is $65.91 and its 200 day simple moving average is $70.97. The company has a market cap of $12.25 billion, a P/E ratio of 5.82, a P/E/G ratio of 0.47 and a beta of 1.81. Aptiv has a 52-week low of $51.47 and a 52-week high of $91.66.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 14.51% and a net margin of 12.29%. Aptiv’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 earnings per share. As a group, sell-side analysts forecast that Aptiv will post 6.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Several large investors have recently added to or reduced their stakes in APTV. Swedbank AB bought a new position in shares of Aptiv during the 2nd quarter worth approximately $25,018,000. Virtu Financial LLC purchased a new position in Aptiv in the 1st quarter valued at approximately $605,000. Proactive Wealth Strategies LLC purchased a new position in Aptiv in the 3rd quarter valued at approximately $1,815,000. Parkside Investments LLC grew its stake in Aptiv by 64.4% in the 2nd quarter. Parkside Investments LLC now owns 101,325 shares of the auto parts company’s stock valued at $7,135,000 after buying an additional 39,685 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Aptiv by 8.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,750,233 shares of the auto parts company’s stock valued at $139,407,000 after buying an additional 131,148 shares in the last quarter. 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.