Aptiv (NYSE:APTV) Upgraded at Robert W. Baird

Aptiv (NYSE:APTV) was upgraded by investment analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued on Monday, Marketbeat.com reports. The brokerage presently has a $82.00 price objective on the auto parts company’s stock, up from their previous price objective of $75.00. Robert W. Baird’s target price points to a potential upside of 29.33% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. TD Cowen dropped their price target on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Barclays decreased their price target on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Guggenheim restated a “buy” rating and set a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. Wells Fargo & Company lifted their price target on shares of Aptiv from $70.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.47.

Aptiv Price Performance

Aptiv stock opened at $63.40 on Monday. The business has a 50 day simple moving average of $58.60 and a 200 day simple moving average of $64.76. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv has a one year low of $51.47 and a one year high of $88.89. The company has a market capitalization of $14.90 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wolff Wiese Magana LLC lifted its position in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 155 shares during the last quarter. Mather Group LLC. increased its stake in shares of Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after purchasing an additional 176 shares during the period. Farther Finance Advisors LLC lifted its holdings in Aptiv by 16.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after purchasing an additional 176 shares during the last quarter. Boston Common Asset Management LLC boosted its stake in Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after purchasing an additional 188 shares during the period. Finally, First Horizon Advisors Inc. increased its position in Aptiv by 4.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock worth $334,000 after buying an additional 218 shares during the period. 94.21% of the stock is currently owned by institutional investors.

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.