Aptiv (NYSE:APTV) Earns Hold Rating from Analysts at StockNews.com

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

Several other research firms have also issued reports on APTV. JPMorgan Chase & Co. upped their price objective on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Barclays dropped their price objective on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Wolfe Research began coverage on Aptiv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective on the stock. Bank of America dropped their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Royal Bank of Canada dropped their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average price target of $85.29.

Aptiv Stock Performance

Shares of Aptiv stock opened at $54.38 on Tuesday. The firm has a market cap of $12.78 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 0.46 and a beta of 1.81. The stock’s 50-day moving average is $65.09 and its 200-day moving average is $70.52. Aptiv has a one year low of $51.47 and a one year high of $91.66. 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 (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. Aptiv’s revenue was down 5.1% on a year-over-year basis. Equities analysts predict that Aptiv will post 6.18 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

Institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its stake in shares of Aptiv by 15.9% during the second 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 purchasing an additional 1,764,844 shares in the last quarter. FMR LLC boosted its stake in shares of Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after acquiring an additional 1,294,670 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after buying an additional 905,431 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Aptiv by 1,390.6% during the 3rd 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 valued at $386,103,000 after buying an additional 5,002,090 shares in the last quarter. Finally, Capital World Investors purchased a new position in shares of Aptiv during the 1st quarter valued at $343,760,000. 94.21% of the stock is currently owned by hedge funds and other 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.