Aptiv’s (APTV) Buy Rating Reiterated at Guggenheim

Guggenheim reissued their buy rating on shares of Aptiv (NYSE:APTV) in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a $73.00 price objective on the auto parts company’s stock.

Other analysts also recently issued reports about the stock. Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Robert W. Baird cut their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Nomura Securities raised Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Barclays lowered their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Finally, 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $85.29.

Aptiv Stock Performance

Shares of NYSE APTV opened at $56.67 on Thursday. The stock has a market capitalization of $13.32 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.57 and a beta of 1.78. The firm’s 50-day moving average price is $62.11 and its two-hundred day moving average price is $68.58. Aptiv has a 52-week low of $51.47 and a 52-week high of $91.66. 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 (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Aptiv will post 6.15 earnings per share for the current year.

Institutional Trading of Aptiv

Hedge funds and other institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its holdings in 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 worth $905,681,000 after buying an additional 1,764,844 shares in the last quarter. FMR LLC increased its holdings in shares of Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after buying an additional 1,294,670 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of 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 valued at $529,212,000 after acquiring an additional 905,431 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of 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 worth $386,103,000 after acquiring an additional 5,002,090 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after acquiring an additional 1,090,766 shares during the last quarter. 94.21% of the stock is currently owned by 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.