Aptiv (NYSE:APTV) Upgraded by Piper Jaffray Companies to Overweight

Aptiv (NYSE:APTV) was upgraded by stock analysts at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating in a research note issued to investors on Tuesday, The Fly reports.

Several other analysts also recently commented on APTV. ValuEngine downgraded shares of Aptiv from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group increased their price target on shares of Aptiv from $87.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Credit Suisse Group reissued a “buy” rating and issued a $95.00 price target on shares of Aptiv in a report on Monday, November 4th. Guggenheim started coverage on shares of Aptiv in a research report on Tuesday, October 15th. They set a “buy” rating and a $98.00 price objective for the company. Finally, Zacks Investment Research cut 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $92.71.

APTV opened at $94.50 on Tuesday. The stock’s fifty day simple moving average is $91.83 and its 200 day simple moving average is $83.21. Aptiv has a 1-year low of $58.80 and a 1-year high of $97.64. The stock has a market cap of $23.97 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.81 and a beta of 2.03. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 1.13.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.27 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.27. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Aptiv had a net margin of 6.99% and a return on equity of 34.88%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 earnings per share. Equities analysts forecast that Aptiv will post 4.66 earnings per share for the current year.

In other news, CAO Allan J. Brazier sold 4,752 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $90.00, for a total transaction of $427,680.00. Also, CFO Joseph R. Massaro sold 2,800 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $89.56, for a total value of $250,768.00. Insiders own 0.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp boosted its holdings in shares of Aptiv by 10.4% in the 2nd quarter. Mackenzie Financial Corp now owns 46,819 shares of the auto parts company’s stock valued at $3,784,000 after purchasing an additional 4,394 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Aptiv by 618.3% in the second quarter. Tower Research Capital LLC TRC now owns 58,559 shares of the auto parts company’s stock valued at $4,733,000 after buying an additional 50,407 shares in the last quarter. Cibc World Markets Corp grew its position in Aptiv by 30.1% in the second quarter. Cibc World Markets Corp now owns 44,808 shares of the auto parts company’s stock valued at $3,622,000 after acquiring an additional 10,374 shares during the last quarter. MUFG Americas Holdings Corp raised its stake in Aptiv by 2.5% during the second quarter. MUFG Americas Holdings Corp now owns 104,040 shares of the auto parts company’s stock worth $8,409,000 after acquiring an additional 2,508 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Aptiv by 6.0% during the third quarter. Parametric Portfolio Associates LLC now owns 745,023 shares of the auto parts company’s stock worth $65,130,000 after acquiring an additional 41,880 shares in the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

About Aptiv

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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