Aptiv (NYSE:APTV) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV) in a research report report published on Monday. The firm issued a hold rating on the auto parts company’s stock.

A number of other research analysts have also issued reports on the company. Wolfe Research initiated coverage on Aptiv in a report on Thursday, September 5th. They set an “outperform” rating and a $89.00 target price on the stock. Evercore ISI reduced their price objective on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 15th. Barclays dropped their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. TD Cowen reduced their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and an average target price of $86.53.

Aptiv Trading Down 3.7 %

Shares of NYSE:APTV opened at $54.04 on Monday. The company has a 50 day moving average of $67.15 and a 200-day moving average of $71.60. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm has a market cap of $12.70 billion, a P/E ratio of 6.06, a P/E/G ratio of 0.50 and a beta of 1.81. Aptiv has a twelve month low of $52.81 and a twelve month 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 for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The firm had revenue of $4.85 billion during 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%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.30 earnings per share. As a group, analysts anticipate that Aptiv will post 6.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

A number of large investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Aptiv by 1,390.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after acquiring an additional 5,002,090 shares during the last quarter. Capital World Investors acquired a new position in Aptiv in the 1st quarter worth about $343,760,000. EdgePoint Investment Group Inc. purchased a new stake in shares of Aptiv during the 1st quarter worth about $335,426,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after buying an additional 1,764,844 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after buying an additional 1,294,670 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.