Aptiv (NYSE:APTV) Rating Increased to Neutral at Piper Sandler

Piper Sandler upgraded shares of Aptiv (NYSE:APTV) from an underweight rating to a neutral rating in a report released on Thursday, MarketBeat reports. The firm currently has $65.00 price target on the auto parts company’s stock, up from their prior price target of $53.00.

APTV has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft dropped their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Barclays cut their price objective on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Bank of America cut their price target on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. lifted their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.06.

Aptiv Trading Up 2.0 %

Shares of Aptiv stock opened at $64.02 on Thursday. The company has a 50 day simple moving average of $58.19 and a two-hundred day simple moving average of $64.84. The firm has a market cap of $15.05 billion, a PE ratio of 7.14, a PEG ratio of 0.55 and a beta of 1.75. Aptiv has a 1 year low of $51.47 and a 1 year high of $88.89. 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 announced 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 net margin of 12.29% and a return on equity of 14.51%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the business earned $1.30 earnings per share. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. Analysts expect that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Several institutional investors and hedge funds have recently modified their holdings of the stock. Proactive Wealth Strategies LLC bought a new position in Aptiv in the third quarter worth about $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after acquiring an additional 47,215 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Aptiv in the 3rd quarter valued at approximately $14,893,000. National Pension Service boosted its position in shares of Aptiv by 16.6% during the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after purchasing an additional 71,633 shares in the last quarter. Finally, Shorepath Capital Management LLC grew its stake in Aptiv by 21.8% in the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after purchasing an additional 11,835 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Company Profile

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.