Argus Upgrades Aptiv (NYSE:APTV) to “Strong-Buy”

Aptiv (NYSE:APTV) was upgraded by research analysts at Argus to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and upped their price target for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. Bank of America decreased their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Morgan Stanley dropped their price target on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Stock Up 1.3 %

Shares of NYSE APTV opened at $65.48 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a market cap of $15.39 billion, a P/E ratio of 9.52, a P/E/G ratio of 0.54 and a beta of 1.74. Aptiv has a 52 week low of $51.47 and a 52 week high of $85.56. The business has a 50-day simple moving average of $60.75 and a two-hundred day simple moving average of $64.10.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Research analysts anticipate that Aptiv will post 7.14 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

Several hedge funds and other institutional investors have recently bought and sold shares of APTV. Massachusetts Financial Services Co. MA increased its stake in shares of Aptiv by 11.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after buying an additional 1,517,104 shares during the period. FMR LLC raised its stake in shares of Aptiv by 20.4% during 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. Franklin Resources Inc. boosted its holdings in shares of Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after purchasing an additional 1,408,433 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 worth $386,103,000 after purchasing an additional 5,002,090 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Aptiv by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock valued at $234,799,000 after purchasing an additional 223,831 shares during the period. 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.