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

StockNews.com started coverage on shares of Aptiv (NYSE:APTV - Free Report) in a report issued on Thursday morning. The firm issued a hold rating on the auto parts company's stock.

Other equities analysts also recently issued research reports about the stock. Oppenheimer cut their price target on shares of Aptiv from $147.00 to $83.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Robert W. Baird raised shares of Aptiv from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $75.00 to $82.00 in a research report on Monday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Aptiv from $76.00 to $66.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Wells Fargo & Company increased their price objective on shares of Aptiv from $70.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Aptiv from $107.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $85.47.

Aptiv Price Performance

APTV traded up $0.20 on Thursday, hitting $62.88. 3,084,207 shares of the company were exchanged, compared to its average volume of 3,178,572. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $88.89. The firm has a market capitalization of $14.78 billion, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The business's fifty day moving average is $59.25 and its 200 day moving average is $64.59.

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

Institutional Trading of Aptiv

Large investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. grew its stake in shares of Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after acquiring an additional 409 shares in the last quarter. Wolff Wiese Magana LLC grew its stake 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 acquiring an additional 155 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Aptiv during the 3rd quarter worth approximately $43,000. Brooklyn Investment Group bought a new position in shares of Aptiv during the 3rd quarter worth approximately $43,000. Finally, Mather Group LLC. boosted its holdings in shares of Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company's stock valued at $47,000 after buying an additional 176 shares during the last quarter. 94.21% of the stock is owned by 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.