Aptiv (NYSE:APTV) Now Covered by StockNews.com

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

Several other analysts have also recently commented on APTV. Nomura Securities raised shares of Aptiv from a "strong sell" rating to a "hold" rating in a research note on Monday, August 19th. Royal Bank of Canada lowered their price objective on Aptiv from $82.00 to $72.00 and set an "outperform" rating for the company in a research report on Friday. Barclays dropped their target price on Aptiv from $105.00 to $100.00 and set an "overweight" rating for the company in a research note on Monday, August 5th. Citigroup decreased their price target on Aptiv from $128.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, July 12th. Finally, 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 note on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Aptiv presently has an average rating of "Moderate Buy" and a consensus price target of $88.18.

Aptiv Price Performance

NYSE:APTV traded down $0.46 during trading hours on Friday, reaching $56.37. 6,184,402 shares of the company traded hands, compared to its average volume of 3,272,725. Aptiv has a 1-year low of $54.70 and a 1-year high of $91.66. The stock has a market cap of $14.98 billion, a P/E ratio of 6.29, a P/E/G ratio of 0.52 and a beta of 1.81. The firm's 50-day moving average is $69.58 and its 200-day moving average is $72.43. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.09.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data 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 return on equity of 14.51% and a net margin of 12.29%. The firm had revenue of $4.85 billion during the quarter, compared to analysts' expectations of $5.10 billion. During the same quarter last year, the business posted $1.30 EPS. The firm's quarterly revenue was down 5.1% compared to the same quarter last year. Equities research analysts expect that Aptiv will post 6.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors purchased a new position in shares of Aptiv in the first quarter valued at $343,760,000. EdgePoint Investment Group Inc. purchased a new position in Aptiv in the 1st quarter valued at about $335,426,000. Massachusetts Financial Services Co. MA grew its stake in shares of Aptiv by 15.9% during 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 acquiring an additional 1,764,844 shares in the last quarter. Ariel Investments LLC acquired a new position in shares of Aptiv in the first quarter worth about $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Aptiv by 13.7% in the second 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 purchasing an additional 905,431 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other 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.