Aptiv (NYSE:APTV) Upgraded to Strong-Buy at Argus

Argus upgraded shares of Aptiv (NYSE:APTV - Free Report) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

APTV has been the subject of a number of other research reports. Bank of America reduced their price target on Aptiv from $105.00 to $102.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Hsbc Global Res raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target for the company in a research note on Friday, February 7th. Guggenheim reiterated a "buy" rating and set a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. Finally, StockNews.com initiated coverage on Aptiv in a research report on Friday, February 7th. They issued a "hold" rating for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $85.61.

Aptiv Stock Performance

Shares of NYSE:APTV traded up $0.65 on Tuesday, reaching $67.06. 2,121,450 shares of the company's stock were exchanged, compared to its average volume of 3,465,648. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The business's 50-day moving average is $61.15 and its two-hundred day moving average is $64.04. The firm has a market capitalization of $15.76 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.54 and a beta of 1.74.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 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%. As a group, equities research analysts forecast that Aptiv will post 7.14 EPS for the current year.

Institutional Investors Weigh In On Aptiv

Institutional investors have recently bought and sold shares of the business. Sumitomo Life Insurance Co. grew its position in Aptiv by 2.8% during the third quarter. Sumitomo Life Insurance Co. now owns 16,490 shares of the auto parts company's stock valued at $1,187,000 after purchasing an additional 445 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings 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 valued at $36,000 after acquiring an additional 155 shares in the last quarter. Ellsworth Advisors LLC grew its holdings in shares of Aptiv by 2.5% during the 3rd quarter. Ellsworth Advisors LLC now owns 22,000 shares of the auto parts company's stock valued at $1,584,000 after acquiring an additional 544 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Aptiv by 2.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,414 shares of the auto parts company's stock worth $3,270,000 after acquiring an additional 918 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in shares of Aptiv by 42.5% during the third quarter. V Square Quantitative Management LLC now owns 8,694 shares of the auto parts company's stock worth $626,000 after acquiring an additional 2,593 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

About Aptiv

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.