Aptiv PLC (NYSE:APTV) Receives Average Rating of "Moderate Buy" from Brokerages

Aptiv PLC (NYSE:APTV - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nineteen research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $84.29.

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut their price target on Aptiv from $76.00 to $66.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Oppenheimer cut their target price on shares of Aptiv from $147.00 to $83.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Fox Advisors downgraded shares of Aptiv from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, October 1st. Barclays cut their price objective on shares of Aptiv from $100.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. Finally, Robert W. Baird lowered their target price on Aptiv from $85.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, November 1st.

Institutional Trading of Aptiv

Several large investors have recently added to or reduced their stakes in APTV. Massachusetts Financial Services Co. MA boosted its position in Aptiv by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company's stock valued at $905,681,000 after buying an additional 1,764,844 shares during the last quarter. FMR LLC lifted its stake in Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock valued at $550,759,000 after acquiring an additional 1,294,670 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Aptiv by 13.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company's stock valued at $529,212,000 after acquiring an additional 905,431 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Aptiv by 1,390.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company's stock worth $386,103,000 after acquiring an additional 5,002,090 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company's stock worth $336,861,000 after purchasing an additional 1,090,766 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Trading Up 0.2 %

Shares of NYSE APTV traded up $0.12 during mid-day trading on Thursday, reaching $60.07. The company had a trading volume of 2,996,857 shares, compared to its average volume of 3,235,369. The stock has a market cap of $14.12 billion, a price-to-earnings ratio of 6.70, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78. Aptiv has a 52 week low of $51.47 and a 52 week high of $91.66. The business's 50-day moving average is $58.76 and its 200-day moving average is $66.36. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

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

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.