Aptiv (NYSE:APTV) Earns Hold Rating from Analysts at StockNews.com

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

A number of other equities research analysts have also weighed in on APTV. JPMorgan Chase & Co. lifted their price objective on Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Morgan Stanley reduced 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. Fox Advisors cut shares of Aptiv from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, October 1st. Nomura Securities upgraded shares of Aptiv from a "strong sell" rating to a "hold" rating in a report on Monday, August 19th. Finally, Barclays reduced their target price on Aptiv from $100.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and an average price target of $86.53.

Aptiv Price Performance

Shares of Aptiv stock traded down $0.57 during trading on Tuesday, hitting $52.14. 3,575,417 shares of the stock traded hands, compared to its average volume of 3,138,885. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 0.47 and a beta of 1.81. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Aptiv has a 52 week low of $51.47 and a 52 week high of $91.66. The firm's fifty day moving average is $66.18 and its 200-day moving average is $71.18.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the business earned $1.30 earnings per share. The company's quarterly revenue was down 5.1% on a year-over-year basis. Research analysts expect that Aptiv will post 6.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Several institutional investors and hedge funds have recently modified their holdings of APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Aptiv by 1,390.6% during the 3rd 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 valued at $386,103,000 after buying an additional 5,002,090 shares during the period. Capital World Investors purchased a new position in shares of Aptiv in the 1st quarter valued at $343,760,000. EdgePoint Investment Group Inc. acquired a new position in shares of Aptiv during the first quarter worth $335,426,000. Harris Associates L P purchased a new stake in shares of Aptiv during the 3rd quarter valued at $162,640,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Aptiv in the 3rd quarter worth $143,909,000. Institutional investors own 94.21% of the company's stock.

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.