Aptiv (NYSE:APTV) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV) in a research report report published on Saturday morning. The firm issued a hold rating on the auto parts company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Royal Bank of Canada increased their target price on shares of Aptiv from $85.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Citigroup lowered their target price on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. raised their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.50.

Aptiv Trading Up 1.5 %

Shares of Aptiv stock opened at $69.31 on Friday. The stock has a market cap of $18.86 billion, a P/E ratio of 6.53, a P/E/G ratio of 0.65 and a beta of 1.79. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47. Aptiv has a 12-month low of $63.62 and a 12-month high of $91.66. The business’s 50 day moving average is $70.22 and its 200-day moving average is $72.74.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. Equities research analysts predict that Aptiv will post 6.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Institutional investors and hedge funds have recently bought and sold shares of the company. Capital World Investors acquired a new stake in Aptiv during the 1st quarter worth approximately $343,760,000. EdgePoint Investment Group Inc. bought a new position in shares of Aptiv during the first quarter valued at $335,426,000. Massachusetts Financial Services Co. MA grew its stake in shares of 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 worth $905,681,000 after purchasing an additional 1,764,844 shares during the last quarter. Ariel Investments LLC acquired a new stake in Aptiv in the first quarter valued at $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after purchasing an additional 905,431 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.