Aptiv (NYSE:APTV) Upgraded by Argus to “Strong-Buy” Rating

Aptiv (NYSE:APTV) was upgraded by equities research analysts at Argus to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research firms also recently weighed in on APTV. Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $53.00 to $65.00 in a research report on Thursday, January 23rd. Morgan Stanley cut their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. TD Cowen decreased their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Raymond James reissued a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and an average target price of $85.61.

Aptiv Price Performance

Shares of NYSE APTV opened at $65.48 on Tuesday. The company’s 50-day moving average is $60.75 and its 200 day moving average is $64.10. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.06. The stock has a market capitalization of $15.39 billion, a P/E ratio of 9.52, a P/E/G ratio of 0.54 and a beta of 1.74. Aptiv has a 1 year low of $51.47 and a 1 year high of $85.56.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, sell-side analysts expect that Aptiv will post 7.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. grew its position in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares during the period. Wolff Wiese Magana LLC boosted its stake in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in shares of Aptiv in the fourth quarter worth $37,000. Capital Performance Advisors LLP purchased a new stake in Aptiv during the third quarter valued at $43,000. Finally, Brooklyn Investment Group bought a new position in Aptiv in the third quarter valued at about $43,000. Institutional investors 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.