Aptiv (NYSE:APTV) Now Covered by Guggenheim

Guggenheim started coverage on shares of Aptiv (NYSE:APTV) in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $98.00 price target on the auto parts company’s stock.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Aptiv from a buy rating to a hold rating and set a $96.00 price objective for the company. in a report on Wednesday, September 11th. Credit Suisse Group increased their price objective on shares of Aptiv from $90.00 to $96.00 and gave the company an outperform rating in a report on Thursday, August 1st. Buckingham Research increased their price objective on shares of Aptiv from $76.00 to $79.00 and gave the company a neutral rating in a report on Thursday, August 1st. Robert W. Baird increased their price objective on shares of Aptiv from $96.00 to $99.00 and gave the company an outperform rating in a report on Thursday, August 1st. Finally, UBS Group increased their price objective on shares of Aptiv from $87.00 to $92.00 and gave the company a neutral rating in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $92.62.

Shares of Aptiv stock opened at $88.96 on Tuesday. The company has a market capitalization of $22.81 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.57 and a beta of 2.05. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.89 and a current ratio of 1.22. The company has a fifty day moving average of $86.60 and a 200 day moving average of $81.58. Aptiv has a fifty-two week low of $58.80 and a fifty-two week high of $91.57.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.20. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. Aptiv had a net margin of 6.86% and a return on equity of 34.92%. Aptiv’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. Analysts forecast that Aptiv will post 5.09 EPS for the current year.

In related news, CFO Joseph R. Massaro sold 2,800 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $89.56, for a total value of $250,768.00. Also, CAO Allan J. Brazier sold 4,752 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $90.00, for a total transaction of $427,680.00. 0.40% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the stock. Avitas Wealth Management LLC raised its position in Aptiv by 1.2% in the 3rd quarter. Avitas Wealth Management LLC now owns 38,480 shares of the auto parts company’s stock worth $3,364,000 after purchasing an additional 465 shares during the period. Whittier Trust Co. raised its position in Aptiv by 0.3% in the 3rd quarter. Whittier Trust Co. now owns 94,784 shares of the auto parts company’s stock worth $8,286,000 after purchasing an additional 290 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Aptiv by 7.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 24,871 shares of the auto parts company’s stock worth $2,174,000 after purchasing an additional 1,674 shares during the period. Gilman Hill Asset Management LLC raised its position in Aptiv by 6.9% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 12,543 shares of the auto parts company’s stock worth $1,097,000 after purchasing an additional 815 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Aptiv by 11.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 145,976 shares of the auto parts company’s stock worth $12,761,000 after purchasing an additional 14,651 shares during the period. 95.45% of the stock is owned by hedge funds and other institutional investors.

Aptiv Company Profile

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

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Analyst Recommendations for Aptiv (NYSE:APTV)

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