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

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

Other equities research analysts also recently issued reports about the company. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and increased their price target for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. TD Cowen dropped their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Barclays increased their price objective on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, Raymond James reissued a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.61.

Aptiv Trading Up 0.1 %

Shares of NYSE APTV opened at $66.78 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The business’s 50 day moving average price is $62.20 and its 200-day moving average price is $63.93. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.63 and a beta of 1.74.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, sell-side analysts expect that Aptiv will post 7.2 earnings per share for the current year.

Hedge Funds Weigh In On Aptiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APTV. Massachusetts Financial Services Co. MA raised its stake in shares of Aptiv by 11.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock valued at $864,206,000 after buying an additional 1,517,104 shares during the last quarter. FMR LLC raised its stake in shares of Aptiv by 1.7% during the 4th quarter. FMR LLC now owns 7,775,251 shares of the auto parts company’s stock valued at $470,247,000 after buying an additional 126,882 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $371,767,000 after buying an additional 1,408,433 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Aptiv by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock valued at $234,799,000 after buying an additional 223,831 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

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.