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

Research analysts at StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a report issued on Friday. The brokerage set a “hold” rating on the auto parts company’s stock.

Several other research firms have also recently issued reports on APTV. Evercore ISI decreased their price target on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Guggenheim reissued a “buy” rating and set a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. Finally, Argus raised Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.61.

Aptiv Price Performance

APTV opened at $53.07 on Friday. 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 company’s 50-day moving average price is $63.55 and its 200 day moving average price is $62.64. Aptiv has a fifty-two week low of $50.10 and a fifty-two week high of $85.56. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts expect that Aptiv will post 7.2 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aptiv

Institutional investors have recently bought and sold shares of the stock. South Dakota Investment Council raised its stake in shares of Aptiv by 32.9% in the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after acquiring an additional 31,941 shares in the last quarter. Focus Financial Network Inc. acquired a new stake in shares of Aptiv in the fourth quarter worth $379,000. Public Employees Retirement System of Ohio bought a new stake in shares of Aptiv during the 3rd quarter worth $14,893,000. Shorepath Capital Management LLC grew its stake in Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after buying an additional 11,835 shares during the last quarter. Finally, Diametric Capital LP bought a new position in Aptiv in the 4th quarter worth $972,000. 94.21% of the stock is currently owned by 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.