Aptiv (NYSE:APTV) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Aptiv (NYSE:APTV) in a research report report published on Monday morning. The firm issued a hold rating on the auto parts company’s stock.

Other equities analysts have also issued reports about the company. Barclays restated an “equal weight” rating and issued a $55.00 target price (down from $80.00) on shares of Aptiv in a research note on Tuesday, April 15th. TD Cowen initiated coverage on Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 price objective on the stock. Royal Bank of Canada increased their price objective on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Evercore ISI reduced their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Finally, Oppenheimer increased their price objective on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.94.

Aptiv Price Performance

Shares of NYSE APTV opened at $56.95 on Monday. The firm has a market capitalization of $13.07 billion, a P/E ratio of 8.28, a P/E/G ratio of 0.62 and a beta of 1.64. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock’s 50-day simple moving average is $58.80 and its two-hundred day simple moving average is $60.22. Aptiv has a twelve month low of $47.19 and a twelve month high of $85.56.

Aptiv (NYSE:APTV) last announced 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%. As a group, equities analysts anticipate that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aptiv

A number of hedge funds have recently bought and sold shares of APTV. Norges Bank bought a new position in Aptiv in the 4th quarter worth about $106,492,000. Pictet Asset Management Holding SA boosted its stake in Aptiv by 1,018.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock worth $102,262,000 after purchasing an additional 1,539,724 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Aptiv by 11.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after purchasing an additional 1,517,104 shares in the last quarter. Franklin Resources Inc. boosted its stake in Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after purchasing an additional 1,408,433 shares in the last quarter. Finally, Paloma Partners Management Co boosted its stake in Aptiv by 968.7% in the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company’s stock worth $55,007,000 after purchasing an additional 824,400 shares in the last quarter. 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.