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

Investment analysts at StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV) in a report issued on Tuesday. 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. Wells Fargo & Company cut their price target on shares of Aptiv from $77.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday. 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 target price for the company. Piper Sandler lifted their price target on Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Evercore ISI dropped their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.06.

Aptiv Trading Down 0.3 %

Shares of NYSE APTV opened at $58.77 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv has a twelve month low of $47.19 and a twelve month high of $85.56. The company’s fifty day moving average is $58.30 and its 200-day moving average is $59.82. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 0.62 and a beta of 1.64.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the previous year, the firm earned $1.16 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. Equities research analysts predict that Aptiv will post 7.2 EPS for the current year.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv 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 sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.45% of the stock is owned by insiders.

Institutional Investors Weigh In On Aptiv

A number of institutional investors have recently modified their holdings of the business. Covestor Ltd raised its holdings in Aptiv by 11.4% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock valued at $110,000 after acquiring an additional 186 shares in the last quarter. Boston Common Asset Management LLC increased its stake in shares of Aptiv by 4.8% in the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after buying an additional 188 shares during the period. Stephens Inc. AR increased its position in Aptiv by 5.4% in the 1st quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company’s stock valued at $234,000 after acquiring an additional 201 shares during the period. Horizon Investments LLC raised its position in shares of Aptiv by 6.1% during the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock worth $231,000 after acquiring an additional 219 shares during the last quarter. Finally, OLD Second National Bank of Aurora lifted its holdings in Aptiv by 1.0% in the first quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company’s stock valued at $1,461,000 after buying an additional 239 shares during the period. Institutional investors own 94.21% of the company’s stock.

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.