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

Equities researchers at StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV – Get Rating) in a research report issued on Thursday. The brokerage set a “hold” rating on the auto parts company’s stock.

A number of other research analysts have also weighed in on APTV. Raymond James boosted their target price on shares of Aptiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Barclays cut their price objective on shares of Aptiv from $142.00 to $135.00 in a research report on Monday, May 8th. Cowen upped their price objective on shares of Aptiv from $134.00 to $144.00 and gave the company an “outperform” rating in a research report on Wednesday, February 15th. Wolfe Research lowered shares of Aptiv from an “outperform” rating to a “peer perform” rating in a research report on Friday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Aptiv from $136.00 to $128.00 in a research report on Friday, May 5th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and a consensus target price of $132.29.

Aptiv Stock Up 3.3 %

Aptiv stock opened at $93.86 on Thursday. The firm has a market cap of $25.39 billion, a price-to-earnings ratio of 42.28, a P/E/G ratio of 1.96 and a beta of 2.02. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 1.16. Aptiv has a fifty-two week low of $77.96 and a fifty-two week high of $124.88. The firm has a fifty day moving average price of $104.12 and a two-hundred day moving average price of $104.63.

Aptiv (NYSE:APTV – Get Rating) last released its earnings results on Thursday, May 4th. The auto parts company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.59 billion. Aptiv had a net margin of 3.68% and a return on equity of 12.00%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. As a group, analysts forecast that Aptiv will post 4.32 earnings per share for the current year.

Insider Activity at Aptiv

In other Aptiv news, Director Nancy E. Cooper sold 669 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $103.35, for a total transaction of $69,141.15. Following the sale, the director now directly owns 11,515 shares of the company’s stock, valued at $1,190,075.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Aptiv news, Director Nancy E. Cooper sold 669 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $103.35, for a total transaction of $69,141.15. Following the sale, the director now directly owns 11,515 shares of the company’s stock, valued at $1,190,075.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO William T. Presley sold 7,000 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $120.00, for a total transaction of $840,000.00. Following the sale, the chief operating officer now directly owns 62,833 shares in the company, valued at $7,539,960. The disclosure for this sale can be found here. Insiders have sold a total of 27,664 shares of company stock valued at $3,157,979 over the last quarter. 0.41% of the stock is owned by company insiders.

Institutional Trading of Aptiv

Several large investors have recently added to or reduced their stakes in APTV. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Aptiv by 5.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,839 shares of the auto parts company’s stock valued at $1,657,000 after purchasing an additional 732 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Aptiv by 127.8% in the first quarter. Panagora Asset Management Inc. now owns 10,798 shares of the auto parts company’s stock valued at $1,293,000 after purchasing an additional 6,057 shares in the last quarter. Synovus Financial Corp increased its holdings in shares of Aptiv by 15.0% in the first quarter. Synovus Financial Corp now owns 3,395 shares of the auto parts company’s stock valued at $406,000 after purchasing an additional 443 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of Aptiv by 25.4% in the first quarter. Cibc World Market Inc. now owns 5,600 shares of the auto parts company’s stock valued at $670,000 after purchasing an additional 1,133 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Aptiv by 32.6% in the first quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company’s stock valued at $268,000 after purchasing an additional 551 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

Aptiv Company Profile

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Aptiv Plc is a technology and mobility architecture company, which engages in the business of designing and manufacturing vehicle components; providing electrical, electronic, and active safety technology solutions to the global automotive and commercial vehicle markets; and creating the software and hardware foundation for vehicle features and functionality.