Aptiv (NYSE:APTV) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Aptiv (NYSE:APTV) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage presently has a $78.00 price target on the auto parts company’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 23.07% from the company’s previous close.

A number of other research firms also recently weighed in on APTV. Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and upped their price objective for the stock from $63.00 to $77.00 in a research report on Tuesday. Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. Guggenheim reiterated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a research report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their price objective on shares of Aptiv from $70.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $85.67.

Aptiv Stock Performance

Shares of APTV opened at $63.38 on Friday. The firm has a market capitalization of $14.90 billion, a P/E ratio of 7.07, a PEG ratio of 0.55 and a beta of 1.74. 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 one year low of $51.47 and a one year high of $85.56. The business has a fifty day moving average of $59.91 and a 200 day moving average of $64.24.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. As a group, sell-side analysts anticipate that Aptiv will post 6.18 EPS for the current year.

Institutional Investors Weigh In On Aptiv

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its position in Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after acquiring an additional 1,294,670 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Aptiv by 1,390.6% during the third 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 in the last quarter. Franklin Resources Inc. increased its holdings in Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after buying an additional 1,090,766 shares during the last quarter. Victory Capital Management Inc. increased its stake in Aptiv by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock worth $234,799,000 after acquiring an additional 223,831 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Aptiv by 19.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock worth $172,117,000 after purchasing an additional 468,069 shares during the last quarter. 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.