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

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

A number of other research firms have also issued reports on APTV. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Friday, February 7th. Evercore ISI decreased their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. UBS Group upped their price target on Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Guggenheim restated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Finally, Barclays increased their price target on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and an average target price of $85.61.

Aptiv Price Performance

Shares of NYSE:APTV opened at $66.69 on Friday. The company has a market capitalization of $15.30 billion, a PE ratio of 9.69, a price-to-earnings-growth 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. The stock has a fifty day moving average of $62.37 and a 200-day moving average of $63.92. Aptiv has a one year low of $51.47 and a one year high of $85.56.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities analysts anticipate that Aptiv will post 7.2 EPS for the current fiscal year.

Institutional Trading of Aptiv

Several large investors have recently made changes to their positions in the stock. Polar Asset Management Partners Inc. bought a new stake in Aptiv during the fourth quarter worth approximately $2,891,000. Mackenzie Financial Corp lifted its stake in shares of Aptiv by 0.7% in the fourth quarter. Mackenzie Financial Corp now owns 98,241 shares of the auto parts company’s stock worth $5,942,000 after buying an additional 666 shares during the last quarter. Formidable Asset Management LLC acquired a new stake in shares of Aptiv in the fourth quarter worth $460,000. GTS Securities LLC boosted 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 buying an additional 13,993 shares during the period. Finally, Inspire Trust Co. N.A. grew its stake in Aptiv by 10.7% in 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 buying an additional 3,000 shares during the last quarter. 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.