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

StockNews.com began coverage on shares of Aptiv (NYSE:APTV - Free Report) in a research report report published on Friday. The brokerage issued a hold rating on the auto parts company's stock.

APTV has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Barclays dropped their target price on Aptiv from $100.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their price objective on shares of Aptiv from $107.00 to $113.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Guggenheim reissued a "buy" rating and issued a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. Finally, Morgan Stanley cut their price target on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating on the stock in a report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $85.29.

Aptiv Trading Down 1.0 %

NYSE APTV traded down $0.57 on Friday, hitting $57.97. 3,350,666 shares of the company were exchanged, compared to its average volume of 3,168,490. Aptiv has a twelve month low of $51.47 and a twelve month high of $91.66. The company's 50 day moving average price is $61.14 and its 200-day moving average price is $68.02. The firm has a market capitalization of $13.63 billion, a P/E ratio of 6.54, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business's revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 EPS. Analysts predict that Aptiv will post 6.15 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

Hedge funds have recently modified their holdings of the company. Inspire Trust Co. N.A. raised its holdings in shares of Aptiv by 48.0% in the 3rd quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the auto parts company's stock worth $2,016,000 after buying an additional 9,075 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company's stock valued at $336,861,000 after buying an additional 1,090,766 shares in the last quarter. Tidal Investments LLC increased its position in Aptiv by 29.7% in the 3rd quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company's stock valued at $1,117,000 after acquiring an additional 3,553 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Aptiv during the third quarter valued at approximately $212,000. Finally, Virtu Financial LLC bought a new stake in shares of Aptiv during the third quarter worth $783,000. 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.