Aptiv (NYSE:APTV) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV) in a research report released on Friday morning. The firm issued a hold rating on the auto parts company’s stock.

Several other equities analysts have also issued reports on APTV. UBS Group lifted their price target on Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Barclays lifted their target price on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Oppenheimer raised their price target on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. TD Cowen initiated coverage on shares of Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 price objective for the company. Finally, Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.61.

Aptiv Stock Performance

APTV opened at $53.07 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv has a 52-week low of $50.10 and a 52-week high of $85.56. The firm has a market cap of $12.18 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The business’s fifty day moving average is $63.55 and its 200-day moving average is $62.69.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Sell-side analysts expect that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aptiv

Several institutional investors have recently made changes to their positions in APTV. Covestor Ltd lifted its holdings in shares of Aptiv by 11.4% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 186 shares in the last quarter. Boston Common Asset Management LLC raised its holdings in Aptiv by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock worth $249,000 after buying an additional 188 shares during the last quarter. Horizon Investments LLC lifted its stake in shares of Aptiv by 6.1% in the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock valued at $231,000 after buying an additional 219 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Aptiv by 0.5% during the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company’s stock valued at $3,128,000 after buying an additional 248 shares during the last quarter. Finally, Insigneo Advisory Services LLC raised its holdings in shares of Aptiv by 5.7% in the 3rd quarter. Insigneo Advisory Services LLC now owns 6,205 shares of the auto parts company’s stock worth $447,000 after acquiring an additional 337 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.