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

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

Other research analysts have also issued reports about the company. UBS Group decreased their target price on Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company upgraded Aptiv from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. Oppenheimer dropped their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Bank of America dropped their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Barclays decreased their price target on Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Aptiv Trading Down 2.6 %

NYSE:APTV opened at $53.83 on Friday. The stock has a market capitalization of $14.31 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 0.52 and a beta of 1.81. The business’s 50-day simple moving average is $68.62 and its 200-day simple moving average is $72.11. 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 fifty-two week low of $52.81 and a fifty-two week high of $91.66.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the business posted $1.30 EPS. The business’s revenue was down 5.1% compared to the same quarter last year. Sell-side analysts expect that Aptiv will post 6.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APTV. Capital World Investors bought a new stake in Aptiv during the first quarter worth about $343,760,000. EdgePoint Investment Group Inc. bought a new stake in Aptiv during the first quarter worth about $335,426,000. Massachusetts Financial Services Co. MA lifted its stake in 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 worth $905,681,000 after purchasing an additional 1,764,844 shares during the last quarter. Ariel Investments LLC bought a new stake in Aptiv during the first quarter worth about $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Aptiv by 13.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after purchasing an additional 905,431 shares during the last quarter. 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.