Aptiv (NYSE:APTV) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV) in a report released on Wednesday. The brokerage set a “hold” rating on the auto parts company’s stock.

Several other equities research analysts also recently commented on the company. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. UBS Group boosted their target price on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Argus raised Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Friday, February 7th. Finally, Oppenheimer boosted their target price on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $86.61.

Aptiv Trading Down 0.4 %

NYSE APTV opened at $62.49 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv has a twelve month low of $51.47 and a twelve month high of $85.56. The firm has a market capitalization of $14.34 billion, a PE ratio of 9.08, a P/E/G ratio of 0.62 and a beta of 1.78. The stock’s 50 day moving average is $63.76 and its 200 day moving average is $63.30.

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 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%. Research analysts forecast that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.34% of the stock is owned by company insiders.

Institutional Trading of Aptiv

Several hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its holdings in Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock valued at $864,206,000 after purchasing an additional 1,517,104 shares during the period. FMR LLC grew its holdings in Aptiv by 1.7% during the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company’s stock valued at $470,247,000 after purchasing an additional 126,882 shares during the period. Franklin Resources Inc. grew its holdings in Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $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 holdings in Aptiv by 1,390.6% during 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 valued at $386,103,000 after purchasing an additional 5,002,090 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Aptiv by 6.1% during the fourth 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.