Aptiv (NYSE:APTV) Now Covered by StockNews.com

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

Several other equities research analysts have also recently issued reports on APTV. 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 report on Friday, November 1st. Wolfe Research initiated coverage on shares of Aptiv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective for the company. Royal Bank of Canada dropped their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Morgan Stanley cut their price objective on shares of 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 issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.29.

Aptiv Stock Performance

NYSE:APTV opened at $55.53 on Wednesday. Aptiv has a 1-year low of $51.47 and a 1-year high of $91.66. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The business has a 50 day moving average of $63.69 and a 200 day moving average of $69.48. The company has a market capitalization of $13.05 billion, a price-to-earnings ratio of 6.20, a PEG ratio of 0.56 and a beta of 1.81.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 EPS. On average, sell-side analysts predict that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 acquiring an additional 5,002,090 shares during the period. Harris Associates L P acquired a new position in shares of Aptiv in the third quarter worth $162,640,000. Point72 Asset Management L.P. acquired a new stake in shares of Aptiv in the third quarter valued at $143,909,000. Massachusetts Financial Services Co. MA boosted its holdings in Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after purchasing an additional 1,764,844 shares during the period. Finally, FMR LLC grew its stake in Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Company Profile

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.