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

StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a research report sent to investors on Saturday morning. The brokerage issued a hold rating on the auto parts company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Bank of America cut their price target on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Guggenheim reiterated a “buy” rating and set a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. Robert W. Baird decreased their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $84.29.

Aptiv Stock Performance

Aptiv stock opened at $58.86 on Friday. The stock’s 50 day moving average is $59.59 and its 200 day moving average is $66.86. The company has a market capitalization of $13.83 billion, a P/E ratio of 6.57, a PEG ratio of 0.59 and a beta of 1.78. Aptiv has a twelve month low of $51.47 and a twelve month high of $91.66. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

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 the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion during 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%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the company earned $1.30 earnings per share. On average, equities research analysts predict that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Independence Bank of Kentucky purchased a new position in shares of Aptiv during the 2nd quarter valued at about $25,000. Crewe Advisors LLC increased its stake in shares of Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 409 shares during the period. Wolff Wiese Magana LLC raised its position in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Aptiv during the 2nd quarter valued at $38,000. Hedge funds and other 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.