Aptiv (NYSE:APTV) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Aptiv (NYSE:APTV) in a research report released on Tuesday. The brokerage issued a hold rating on the auto parts company’s stock.

A number of other analysts have also commented on APTV. Morgan Stanley reduced their target price on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Barclays lifted their price objective on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Guggenheim reiterated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a research note on Thursday, December 5th. Finally, TD Cowen assumed coverage on shares of Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Aptiv Trading Down 2.4 %

Aptiv stock opened at $62.22 on Tuesday. Aptiv has a 12 month low of $51.47 and a 12 month high of $85.56. The company has a market capitalization of $14.28 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The business’s fifty day simple moving average is $63.59 and its two-hundred day simple moving average is $63.59. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aptiv

Large investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. grew its position in shares of Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares in the last quarter. Picton Mahoney Asset Management bought a new position in Aptiv in the 4th quarter worth approximately $37,000. Brooklyn Investment Group purchased a new stake in Aptiv during the 3rd quarter valued at approximately $43,000. CENTRAL TRUST Co raised its position in shares of Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after buying an additional 677 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Aptiv in the third quarter worth $64,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

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.