Aptiv PLC (NYSE:APTV) has earned an average recommendation of “Buy” from the twenty-one brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $101.21.
A number of research analysts recently commented on APTV shares. Wolfe Research started coverage on Aptiv in a report on Tuesday, October 2nd. They issued an “outperform” rating on the stock. Buckingham Research lowered their price target on Aptiv from $110.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, October 3rd. Macquarie started coverage on Aptiv in a report on Monday, October 8th. They issued an “outperform” rating on the stock. Citigroup lowered their price target on Aptiv from $112.50 to $99.00 and set a “buy” rating on the stock in a report on Friday, October 12th. Finally, Wells Fargo & Co lowered their price target on Aptiv from $111.00 to $106.00 and set an “outperform” rating on the stock in a report on Wednesday, October 17th.
In other news, insider Kevin P. Clark acquired 11,310 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The shares were acquired at an average cost of $67.43 per share, with a total value of $762,633.30. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.32% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of APTV. Steward Partners Investment Advisory LLC raised its holdings in Aptiv by 90.6% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,506 shares of the auto parts company’s stock valued at $126,000 after buying an additional 716 shares during the period. Capital Advisors Ltd. LLC purchased a new stake in Aptiv during the 3rd quarter valued at $154,000. Ropes Wealth Advisors LLC purchased a new stake in Aptiv during the 3rd quarter valued at $195,000. IFP Advisors Inc raised its holdings in Aptiv by 65.5% during the 3rd quarter. IFP Advisors Inc now owns 2,391 shares of the auto parts company’s stock valued at $201,000 after buying an additional 946 shares during the period. Finally, Signition LP purchased a new stake in Aptiv during the 3rd quarter valued at $201,000. 92.95% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:APTV opened at $69.43 on Friday. The company has a market cap of $18.32 billion, a P/E ratio of 14.96, a P/E/G ratio of 0.98 and a beta of 1.58. The company has a quick ratio of 1.14, a current ratio of 1.54 and a debt-to-equity ratio of 1.07. Aptiv has a 12-month low of $58.80 and a 12-month high of $103.23.
Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, October 31st. The auto parts company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.04. Aptiv had a return on equity of 37.53% and a net margin of 7.56%. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Aptiv’s quarterly revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts expect that Aptiv will post 5.14 earnings per share for the current year.
Aptiv Company Profile
Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segments, Signal and Power Solutions; and Advanced Safety and User Experience.
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