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

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

APTV has been the subject of several other reports. Guggenheim restated a “buy” rating and set a $73.00 price target on shares of Aptiv in a report on Thursday, December 5th. Barclays decreased their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Robert W. Baird reduced their price objective on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $85.06.

Aptiv Trading Down 0.8 %

NYSE APTV opened at $63.40 on Wednesday. The firm’s 50 day moving average price is $58.39 and its two-hundred day moving average price is $64.84. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv has a twelve month low of $51.47 and a twelve month high of $88.89. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.56 and a beta of 1.75.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share 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 return on equity of 14.51% and a net margin of 12.29%. Aptiv’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 earnings per share. Equities analysts anticipate that Aptiv will post 6.15 EPS for the current year.

Institutional Trading of Aptiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APTV. abrdn plc bought a new stake in Aptiv in the 4th quarter valued at $30,374,000. CENTRAL TRUST Co raised its position in shares of Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after buying an additional 677 shares during the last quarter. River Street Advisors LLC lifted its stake in shares of Aptiv by 23.6% in the fourth quarter. River Street Advisors LLC now owns 4,694 shares of the auto parts company’s stock valued at $284,000 after buying an additional 895 shares during the period. Caprock Group LLC lifted its stake in shares of Aptiv by 80.2% in the fourth quarter. Caprock Group LLC now owns 9,774 shares of the auto parts company’s stock valued at $591,000 after buying an additional 4,351 shares during the period. Finally, OLD Second National Bank of Aurora lifted its stake in shares of Aptiv by 13.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 24,308 shares of the auto parts company’s stock valued at $1,470,000 after buying an additional 2,893 shares during the period. Institutional investors and hedge funds 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.