StockNews.com Initiates Coverage on Aptiv (NYSE:APTV)

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

APTV has been the topic of a number of other research reports. Bank of America dropped their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft dropped their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. TD Cowen dropped their target price on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Robert W. Baird lowered their price objective on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Morgan Stanley lowered their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

Aptiv Stock Performance

APTV opened at $62.75 on Wednesday. Aptiv has a 52-week low of $51.47 and a 52-week high of $88.89. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The company has a market cap of $14.75 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.75. The firm’s 50-day moving average price is $58.06 and its 200-day moving average price is $64.86.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 earnings per share. As a group, equities analysts anticipate that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Proactive Wealth Strategies LLC acquired a new stake in shares of Aptiv in the third quarter valued at about $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after acquiring an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Aptiv in the 3rd quarter worth approximately $14,893,000. National Pension Service boosted its holdings in shares of Aptiv by 16.6% during the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after purchasing an additional 71,633 shares during the last quarter. Finally, Mirabella Financial Services LLP grew its position in shares of Aptiv by 184.8% in the third quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company’s stock valued at $2,711,000 after purchasing an additional 24,432 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

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.