Aptiv (NYSE:APTV) Upgraded by Wall Street Zen to Hold Rating

Aptiv (NYSE:APTV) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

A number of other analysts also recently issued reports on APTV. Barclays raised their price target on shares of Aptiv from $55.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Morgan Stanley dropped their target price on shares of Aptiv from $60.00 to $55.00 and set an “underweight” rating for the company in a report on Monday, May 19th. 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 target for the company. Robert W. Baird dropped their price target on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Finally, Guggenheim downgraded shares of Aptiv from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.56.

Aptiv Trading Down 1.0%

APTV opened at $67.01 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.61 and a quick ratio of 1.11. The company’s 50 day simple moving average is $62.73 and its two-hundred day simple moving average is $61.69. Aptiv has a 1-year low of $47.19 and a 1-year high of $80.95. The firm has a market capitalization of $14.59 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 0.76 and a beta of 1.47.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the company posted $1.16 EPS. The business’s revenue was down 1.6% on a year-over-year basis. Analysts expect that Aptiv will post 7.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

A number of institutional investors and hedge funds have recently bought and sold shares of APTV. Goldman Sachs Group Inc. lifted its position in Aptiv by 242.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock valued at $509,366,000 after acquiring an additional 6,062,438 shares during the last quarter. AustralianSuper Pty Ltd purchased a new stake in Aptiv in the first quarter valued at $117,260,000. Pacer Advisors Inc. lifted its position in Aptiv by 5,379.7% in the first quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company’s stock valued at $113,489,000 after acquiring an additional 1,872,571 shares during the last quarter. Norges Bank purchased a new stake in Aptiv in the fourth quarter valued at $106,492,000. Finally, Pictet Asset Management Holding SA lifted its position in Aptiv by 1,018.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock valued at $102,262,000 after acquiring an additional 1,539,724 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other 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.