Aptiv (NYSE:APTV) Earns Hold Rating from Analysts at StockNews.com

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

A number of other analysts have also issued reports on the company. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. TD Cowen started coverage on Aptiv in a research report on Friday, March 7th. They issued a “buy” rating and a $90.00 target price for the company. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and boosted their price target for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada raised their price objective on shares of Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Aptiv Trading Down 2.7 %

APTV opened at $60.58 on Thursday. The stock has a market capitalization of $13.90 billion, a PE ratio of 8.80, a P/E/G ratio of 0.62 and a beta of 1.78. Aptiv has a one year low of $51.47 and a one year high of $85.56. 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 $64.05 and its 200 day moving average price is $63.01.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities research analysts expect that Aptiv will post 7.2 EPS for the current year.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.45% of the company’s stock.

Institutional Trading of Aptiv

Large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Aptiv by 1,390.6% in 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 buying an additional 5,002,090 shares during the last quarter. Harris Associates L P acquired a new position in Aptiv in the 3rd quarter valued at about $162,640,000. Point72 Asset Management L.P. purchased a new stake in Aptiv during the 3rd quarter valued at approximately $143,909,000. Norges Bank acquired a new stake in Aptiv during the 4th quarter worth approximately $106,492,000. Finally, Pictet Asset Management Holding SA grew its stake in shares of Aptiv by 1,018.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock valued at $102,262,000 after purchasing an additional 1,539,724 shares during 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.