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

Analysts at StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV) in a note issued to investors on Monday. The firm set a “hold” rating on the auto parts company’s stock.

A number of other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Morgan Stanley cut their target price on Aptiv from $70.00 to $68.00 and set an “underweight” rating on the stock in a report on Wednesday, September 25th. Oppenheimer decreased their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Robert W. Baird reduced their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Aptiv Price Performance

Shares of APTV opened at $56.25 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The stock has a market cap of $13.22 billion, a PE ratio of 6.28, a PEG ratio of 0.48 and a beta of 1.81. Aptiv has a 12-month low of $52.81 and a 12-month high of $91.66. The business has a 50-day simple moving average of $68.01 and a two-hundred day simple moving average of $71.91.

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 the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the firm posted $1.30 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. Analysts anticipate that Aptiv will post 6.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. John G Ullman & Associates Inc. increased its holdings in Aptiv by 80.2% during the third quarter. John G Ullman & Associates Inc. now owns 16,850 shares of the auto parts company’s stock worth $1,213,000 after buying an additional 7,500 shares during the last quarter. First Horizon Advisors Inc. increased its position in Aptiv by 4.9% in the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock worth $334,000 after buying an additional 218 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Aptiv by 18.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 9,917 shares of the auto parts company’s stock valued at $714,000 after buying an additional 1,575 shares during the last quarter. Caprock Group LLC grew its stake in shares of Aptiv by 46.0% during the 3rd quarter. Caprock Group LLC now owns 5,423 shares of the auto parts company’s stock worth $391,000 after acquiring an additional 1,708 shares during the period. Finally, Mizuho Securities USA LLC increased its holdings in Aptiv by 3,679.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 792,581 shares of the auto parts company’s stock worth $57,074,000 after acquiring an additional 771,608 shares during the last quarter. 94.21% of the stock is 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.