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

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

A number of other equities analysts have also weighed in on the stock. Robert W. Baird lowered their price objective on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Nomura Securities raised Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Barclays lowered their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Morgan Stanley decreased their price target on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Finally, TD Cowen reduced their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.29.

Aptiv Price Performance

Shares of NYSE APTV opened at $55.53 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $91.66. The stock’s 50-day simple moving average is $63.69 and its 200-day simple moving average is $69.48. The firm has a market capitalization of $13.05 billion, a PE ratio of 6.20, a price-to-earnings-growth ratio of 0.56 and a beta of 1.81.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the business earned $1.30 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Aptiv will post 6.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Swedbank AB bought a new position in shares of Aptiv during the second quarter worth about $25,018,000. Virtu Financial LLC bought a new stake in shares of Aptiv in the 1st quarter worth approximately $605,000. Proactive Wealth Strategies LLC acquired a new position in Aptiv during the 3rd quarter valued at approximately $1,815,000. Parkside Investments LLC grew its stake in Aptiv by 64.4% during the 2nd quarter. Parkside Investments LLC now owns 101,325 shares of the auto parts company’s stock worth $7,135,000 after buying an additional 39,685 shares during the last quarter. Finally, AMF Tjanstepension AB lifted its stake in Aptiv by 21.4% in the second quarter. AMF Tjanstepension AB now owns 117,043 shares of the auto parts company’s stock valued at $8,242,000 after buying an additional 20,593 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

About Aptiv

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.