StockNews.com started coverage on shares of Aptiv (NYSE:APTV - Free Report) in a report published on Tuesday. The brokerage issued a hold rating on the auto parts company's stock.
Several other analysts also recently weighed in on APTV. Piper Sandler raised shares of Aptiv from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. Royal Bank of Canada lifted their price target on shares of Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Baird R W raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. HSBC raised shares of Aptiv from a "hold" rating to a "buy" rating and lifted their price target for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Finally, Morgan Stanley decreased their price target on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and a consensus target price of $86.50.
Check Out Our Latest Report on Aptiv
Aptiv Trading Down 2.4 %
Shares of NYSE:APTV traded down $1.54 during trading on Tuesday, reaching $62.22. The company's stock had a trading volume of 3,970,576 shares, compared to its average volume of 3,441,272. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv has a 12 month low of $51.47 and a 12 month high of $85.56. The firm's 50 day simple moving average is $63.59 and its two-hundred day simple moving average is $63.59. The stock has a market capitalization of $14.28 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.
Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, research analysts predict that Aptiv will post 7.2 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction on Monday, March 10th. The shares were 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 directly owns 125,237 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.34% of the company's stock.
Institutional Investors Weigh In On Aptiv
Institutional investors and hedge funds have recently made changes to their positions in the stock. South Dakota Investment Council lifted its stake in shares of Aptiv by 32.9% during the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock worth $7,799,000 after buying an additional 31,941 shares during the period. Proactive Wealth Strategies LLC acquired a new stake in shares of Aptiv during the third quarter worth $1,815,000. Focus Financial Network Inc. acquired a new stake in shares of Aptiv during the fourth quarter worth $379,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Aptiv by 73.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company's stock worth $8,022,000 after buying an additional 47,215 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Aptiv during the third quarter worth $14,893,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.
About Aptiv
(
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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.
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