Aptiv (NYSE:APTV) Upgraded to “Buy” at Wall Street Zen

Aptiv (NYSE:APTV) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Monday.

Several other research firms have also commented on APTV. Bank of America upped their price objective on Aptiv from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. JPMorgan Chase & Co. boosted their price objective on Aptiv from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Morgan Stanley increased their price objective on Aptiv from $55.00 to $60.00 and gave the company an “underweight” rating in a report on Tuesday, August 12th. Wolfe Research cut Aptiv from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 2nd. Finally, Barclays raised Aptiv from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $85.00 to $105.00 in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.53.

Aptiv Stock Down 1.0%

Shares of NYSE APTV opened at $82.89 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The firm has a fifty day simple moving average of $73.45 and a two-hundred day simple moving average of $66.33. The firm has a market capitalization of $18.05 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 0.92 and a beta of 1.48. Aptiv has a 12 month low of $47.19 and a 12 month high of $84.72.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter last year, the business earned $1.58 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. Equities analysts expect that Aptiv will post 7.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APTV. Goldman Sachs Group Inc. increased its holdings 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 purchasing an additional 6,062,438 shares during the period. Boston Partners bought a new position in Aptiv in the 2nd quarter valued at about $220,911,000. Norges Bank bought a new position in Aptiv in the 2nd quarter valued at about $187,652,000. AustralianSuper Pty Ltd bought a new position in Aptiv in the 1st quarter valued at about $117,260,000. Finally, Pacer Advisors Inc. lifted its position in Aptiv by 5,379.7% in the 1st 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 in the last quarter. 94.21% of the stock is currently owned by institutional investors.

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.