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

StockNews.com began coverage on shares of Aptiv (NYSE:APTV) in a report released on Saturday. The brokerage issued a hold rating on the auto parts company’s stock.

A number of other analysts have also recently issued reports on APTV. Morgan Stanley cut their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. Wells Fargo & Company reduced their price target on Aptiv from $74.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. TD Cowen cut their price target on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Wolfe Research started coverage on Aptiv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.29.

Aptiv Stock Up 1.0 %

Shares of NYSE:APTV opened at $59.47 on Friday. The company has a 50 day moving average price of $59.59 and a two-hundred day moving average price of $66.75. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The company has a market capitalization of $13.98 billion, a PE ratio of 6.64, a PEG 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.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $5.10 billion. During the same period in the previous year, the firm posted $1.30 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. Analysts forecast that Aptiv will post 6.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in APTV. Principal Financial Group Inc. raised its stake in Aptiv by 1.1% in the third quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company’s stock worth $22,806,000 after buying an additional 3,400 shares in the last quarter. Inspire Trust Co. N.A. raised its position in shares of Aptiv by 48.0% in the 3rd quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the auto parts company’s stock worth $2,016,000 after acquiring an additional 9,075 shares in the last quarter. Franklin Resources Inc. boosted its position 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 valued at $336,861,000 after purchasing an additional 1,090,766 shares in the last quarter. Tidal Investments LLC grew its stake in Aptiv by 29.7% in the third quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company’s stock worth $1,117,000 after purchasing an additional 3,553 shares during the period. Finally, World Investment Advisors LLC bought a new position in Aptiv in the third quarter worth $212,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

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.