Aptiv (NYSE:APTV) Upgraded by Baird R W to Strong-Buy Rating

Aptiv (NYSE:APTV) was upgraded by stock analysts at Baird R W from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other analysts have also recently commented on the company. Guggenheim reiterated a “buy” rating and issued a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. Oppenheimer reduced their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. TD Cowen lowered their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Bank of America cut their price target on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Barclays lowered their price objective on Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.47.

Aptiv Trading Up 1.3 %

APTV opened at $64.25 on Monday. 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 $51.47 and a fifty-two week high of $88.89. The company’s 50 day moving average price is $58.60 and its two-hundred day moving average price is $64.73. The firm has a market capitalization of $15.10 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 0.56 and a beta of 1.75.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 earnings per share. As a group, research analysts predict that Aptiv will post 6.15 earnings per share for the current year.

Institutional Investors Weigh In On Aptiv

Hedge funds and other institutional investors have recently made changes to their positions in the business. Proactive Wealth Strategies LLC bought a new stake in Aptiv during the 3rd quarter worth approximately $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 buying an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Aptiv during the 3rd quarter valued at $14,893,000. Shorepath Capital Management LLC lifted its stake in Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after acquiring an additional 11,835 shares in the last quarter. Finally, National Pension Service boosted its holdings in 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 acquiring an additional 71,633 shares during the last quarter. 94.21% of the stock is owned by 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.