Aptiv (NYSE:APTV) Now Covered by StockNews.com

StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the auto parts company’s stock.

APTV has been the subject of several other research reports. Barclays reduced their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Guggenheim reaffirmed a “buy” rating and set a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. Morgan Stanley decreased their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Royal Bank of Canada lowered their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Robert W. Baird lowered their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $84.29.

Aptiv Price Performance

NYSE APTV opened at $61.80 on Monday. Aptiv has a 12-month low of $51.47 and a 12-month high of $88.89. The firm’s fifty day simple moving average is $57.30 and its two-hundred day simple moving average is $65.53. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $14.53 billion, a P/E ratio of 6.90, a P/E/G ratio of 0.59 and a beta of 1.75.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 EPS. Analysts forecast that Aptiv will post 6.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its position in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares during the period. Wolff Wiese Magana LLC boosted its holdings in Aptiv by 44.3% in the third 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. Cullen Frost Bankers Inc. acquired a new position in Aptiv during the 2nd quarter worth $38,000. Capital Performance Advisors LLP purchased a new stake in Aptiv during the 3rd quarter worth about $43,000. Finally, Brooklyn Investment Group acquired a new stake in Aptiv in the 3rd quarter valued at about $43,000. 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.