Aptiv (NYSE:APTV) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV - Get Free Report) in a research note issued to investors on Sunday. The brokerage set a "hold" rating on the auto parts company's stock.

A number of other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price objective for the company in a research note on Friday, February 7th. Wells Fargo & Company upped their price target on Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Baird R W raised Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. HSBC raised Aptiv from a "hold" rating to a "buy" rating and lifted their target price for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Finally, TD Cowen started coverage on shares of Aptiv in a report on Friday, March 7th. They set a "buy" rating and a $90.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.94.

Aptiv Price Performance

APTV stock traded up $1.33 on Friday, hitting $54.64. 294,745 shares of the company's stock traded hands, compared to its average volume of 3,523,598. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 7.95, a P/E/G ratio of 0.62 and a beta of 1.64. Aptiv has a 1-year low of $47.19 and a 1-year high of $85.56. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The stock has a fifty day moving average of $59.85 and a 200-day moving average of $60.72.

Aptiv (NYSE:APTV - Get Free Report) last issued its 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 return on equity of 15.63% and a net margin of 9.07%. On average, analysts forecast that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.45% of the company's stock.

Hedge Funds Weigh In On Aptiv

Large investors have recently bought and sold shares of the stock. Picton Mahoney Asset Management acquired a new position in shares of Aptiv during the fourth quarter valued at about $37,000. Versant Capital Management Inc lifted its holdings in shares of Aptiv by 201.7% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock worth $42,000 after acquiring an additional 470 shares during the period. UMB Bank n.a. acquired a new stake in shares of Aptiv during the 1st quarter valued at about $48,000. CENTRAL TRUST Co increased its stake in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after acquiring an additional 677 shares during the period. Finally, Blue Trust Inc. raised its position in Aptiv by 48.4% in the first quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock worth $74,000 after purchasing an additional 406 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.