StockNews.com Begins Coverage on Aptiv (NYSE:APTV)

StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV – Get Rating) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the auto parts company’s stock.

Several other research firms have also recently issued reports on APTV. Wells Fargo & Company increased their price objective on Aptiv from $115.00 to $120.00 and gave the stock an equal weight rating in a research report on Wednesday, February 15th. Barclays began coverage on Aptiv in a report on Tuesday, February 14th. They issued an overweight rating and a $150.00 price target for the company. Cowen increased their price objective on Aptiv from $134.00 to $144.00 and gave the company an outperform rating in a research note on Wednesday, February 15th. Guggenheim boosted their target price on shares of Aptiv from $138.00 to $152.00 and gave the company a buy rating in a research note on Wednesday, February 15th. Finally, Robert W. Baird lifted their target price on shares of Aptiv from $135.00 to $141.00 and gave the stock an outperform rating in a research note on Wednesday, February 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a 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 $135.76.

Aptiv Trading Down 4.4 %

Shares of APTV stock opened at $107.20 on Thursday. The company’s 50-day moving average price is $111.83 and its 200-day moving average price is $100.29. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.72. The stock has a market cap of $29.06 billion, a price-to-earnings ratio of 54.97, a PEG ratio of 2.30 and a beta of 2.04. Aptiv has a twelve month low of $77.96 and a twelve month high of $129.18.

Aptiv (NYSE:APTV – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The auto parts company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.08. Aptiv had a net margin of 3.40% and a return on equity of 11.29%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts predict that Aptiv will post 4.33 earnings per share for the current year.

Insider Buying and Selling at Aptiv

In other news, CEO Kevin P. Clark sold 6,665 shares of the stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $95.34, for a total transaction of $635,441.10. Following the completion of the sale, the chief executive officer now owns 559,237 shares in the company, valued at approximately $53,317,655.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO William T. Presley sold 7,000 shares of the firm’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $120.00, for a total value of $840,000.00. Following the sale, the chief operating officer now directly owns 62,833 shares of the company’s stock, valued at $7,539,960. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kevin P. Clark sold 6,665 shares of Aptiv stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $95.34, for a total value of $635,441.10. Following the sale, the chief executive officer now directly owns 559,237 shares in the company, valued at $53,317,655.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,995 shares of company stock valued at $3,024,121. 0.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Kentucky Retirement Systems increased its holdings in shares of Aptiv by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 21,301 shares of the auto parts company’s stock valued at $1,984,000 after purchasing an additional 93 shares in the last quarter. Toroso Investments LLC lifted its position in Aptiv by 3.3% in the 3rd quarter. Toroso Investments LLC now owns 3,320 shares of the auto parts company’s stock valued at $260,000 after acquiring an additional 107 shares in the last quarter. Hemenway Trust Co LLC lifted its position in Aptiv by 0.4% in the 3rd quarter. Hemenway Trust Co LLC now owns 29,333 shares of the auto parts company’s stock valued at $2,294,000 after acquiring an additional 116 shares in the last quarter. Fortis Advisors LLC lifted its position in Aptiv by 4.5% during the 3rd quarter. Fortis Advisors LLC now owns 2,875 shares of the auto parts company’s stock worth $225,000 after buying an additional 125 shares in the last quarter. Finally, FDx Advisors Inc. lifted its position in Aptiv by 4.2% during the 3rd quarter. FDx Advisors Inc. now owns 3,173 shares of the auto parts company’s stock worth $248,000 after buying an additional 127 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

About Aptiv

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Aptiv Plc is a technology and mobility architecture company, which engages in the business of designing and manufacturing vehicle components; providing electrical, electronic, and active safety technology solutions to the global automotive and commercial vehicle markets; and creating the software and hardware foundation for vehicle features and functionality.