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

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

A number of other equities analysts have also recently issued reports on the stock. TD Cowen assumed coverage on shares of Aptiv in a research note on Friday, March 7th. They issued a “buy” rating and a $90.00 price objective on the stock. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. Robert W. Baird cut their target price on Aptiv from $84.00 to $65.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Finally, Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $82.44.

Aptiv Stock Performance

APTV stock opened at $51.75 on Friday. The company has a 50 day moving average price of $60.70 and a 200 day moving average price of $61.02. Aptiv has a fifty-two week low of $47.19 and a fifty-two week high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The stock has a market capitalization of $11.87 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping 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%. Analysts forecast that Aptiv will post 7.2 EPS for the current year.

Insider Buying and Selling at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Aptiv

A number of institutional investors and hedge funds have recently made changes to their positions in APTV. South Dakota Investment Council increased its holdings in Aptiv by 32.9% during the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock worth $7,799,000 after buying an additional 31,941 shares during the last quarter. Focus Financial Network Inc. bought a new position in shares of Aptiv in the 4th quarter valued at about $379,000. Shorepath Capital Management LLC increased its stake in shares of Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after purchasing an additional 11,835 shares during the last quarter. Diametric Capital LP bought a new stake in shares of Aptiv in the 4th quarter valued at about $972,000. Finally, abrdn plc acquired a new stake in Aptiv in the 4th quarter valued at about $30,374,000. 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.