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

Analysts at StockNews.com began coverage on shares of Aptiv (NYSE:APTV) in a research note issued on Monday. The brokerage set a “hold” rating on the auto parts company’s stock.

Several other equities analysts also recently commented on APTV. Argus raised shares of Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. Barclays increased their price objective on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and increased their price target for the company from $53.00 to $65.00 in a report on Thursday, January 23rd. Finally, Evercore ISI dropped their price target on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv Trading Down 2.0 %

Shares of NYSE APTV opened at $62.74 on Monday. The business has a 50 day simple moving average of $63.00 and a 200 day simple moving average of $63.81. Aptiv has a 52 week low of $51.47 and a 52 week high of $85.56. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.62 and a beta of 1.74. 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 (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping 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%. On average, research analysts predict that Aptiv will post 7.2 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

A number of hedge funds have recently modified their holdings of the company. Polar Asset Management Partners Inc. acquired a new position in shares of Aptiv in the fourth quarter valued at $2,891,000. Mackenzie Financial Corp increased its holdings in Aptiv by 0.7% in the 4th quarter. Mackenzie Financial Corp now owns 98,241 shares of the auto parts company’s stock valued at $5,942,000 after buying an additional 666 shares during the period. Formidable Asset Management LLC acquired a new position in shares of Aptiv in the 4th quarter valued at $460,000. GTS Securities LLC lifted its holdings in shares of Aptiv by 224.8% during the 4th quarter. GTS Securities LLC now owns 7,769 shares of the auto parts company’s stock worth $470,000 after acquiring an additional 13,993 shares during the period. Finally, Inspire Trust Co. N.A. boosted its position in shares of Aptiv by 10.7% during the 4th quarter. Inspire Trust Co. N.A. now owns 31,000 shares of the auto parts company’s stock valued at $1,875,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors 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.