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

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

APTV has been the subject of a number of other research reports. Robert W. Baird reduced their price objective on shares of Aptiv from $85.00 to $65.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Fox Advisors cut Aptiv from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, October 1st. Oppenheimer cut their target price on Aptiv from $147.00 to $83.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada decreased their price target on shares of Aptiv from $82.00 to $72.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Finally, Morgan Stanley cut their price objective on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating on the stock in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $84.29.

Aptiv Price Performance

NYSE:APTV traded up $0.80 during trading hours on Tuesday, reaching $61.41. The stock had a trading volume of 2,191,931 shares, compared to its average volume of 2,993,979. The company has a 50 day moving average price of $57.49 and a two-hundred day moving average price of $65.15. Aptiv has a 52 week low of $51.47 and a 52 week high of $88.89. The stock has a market capitalization of $14.43 billion, a PE ratio of 6.85, a PEG ratio of 0.59 and a beta of 1.78. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50.

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

Institutional Trading of Aptiv

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. grew its stake in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock valued at $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC grew its position in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock valued at $36,000 after acquiring an additional 155 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Aptiv during the third quarter worth about $43,000. Brooklyn Investment Group acquired a new stake in shares of Aptiv during the third quarter worth about $43,000. Finally, Mather Group LLC. boosted its stake in shares of Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company's stock valued at $47,000 after purchasing an additional 176 shares during the period. 94.21% of the stock is 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.