Aptiv PLC (NYSE:APTV) Given Average Recommendation of “Moderate Buy” by Brokerages

Aptiv PLC (NYSE:APTV) has been given an average recommendation of “Moderate Buy” by the twenty-four ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $85.61.

Several equities analysts have issued reports on the company. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $53.00 to $65.00 in a research report on Thursday, January 23rd. Evercore ISI dropped their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Barclays boosted their target price on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. UBS Group boosted their target price on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, TD Cowen decreased their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, November 1st.

Aptiv Stock Performance

Shares of APTV stock opened at $66.81 on Friday. The stock has a market capitalization of $15.70 billion, a PE ratio of 9.71, a price-to-earnings-growth 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 stock’s 50-day moving average price is $61.34 and its 200 day moving average price is $64.00. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 research analysts forecast that Aptiv will post 7.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of APTV. Sumitomo Life Insurance Co. raised its holdings in Aptiv by 2.8% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 16,490 shares of the auto parts company’s stock valued at $1,187,000 after acquiring an additional 445 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings 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 worth $36,000 after buying an additional 155 shares during the last quarter. Ellsworth Advisors LLC increased its holdings in shares of Aptiv by 2.5% during the 3rd quarter. Ellsworth Advisors LLC now owns 22,000 shares of the auto parts company’s stock worth $1,584,000 after buying an additional 544 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Aptiv by 2.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,414 shares of the auto parts company’s stock worth $3,270,000 after buying an additional 918 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of Aptiv by 42.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 8,694 shares of the auto parts company’s stock worth $626,000 after buying an additional 2,593 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.