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

Equities researchers at StockNews.com began coverage on shares of Aptiv (NYSE:APTV) in a report issued on Wednesday. The firm set a “hold” rating on the auto parts company’s stock.

APTV has been the subject of a number of other research reports. Robert W. Baird dropped their price objective on Aptiv from $84.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. TD Cowen began coverage on shares of Aptiv in a research note on Friday, March 7th. They set a “buy” rating and a $90.00 target price for the company. Raymond James restated a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. Wells Fargo & Company reduced their price target on shares of Aptiv from $77.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Finally, Royal Bank of Canada boosted their price objective on shares of Aptiv from $60.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.06.

Aptiv Price Performance

Aptiv stock opened at $68.13 on Wednesday. The firm has a 50-day moving average price of $58.20 and a 200-day moving average price of $59.66. The firm has a market capitalization of $14.83 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv has a 12-month low of $47.19 and a 12-month high of $85.35.

Aptiv (NYSE:APTV) last posted its quarterly earnings data 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 9.07% and a return on equity of 15.63%. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the company posted $1.16 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Aptiv will post 7.2 EPS for the current year.

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This trade represents a 10.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aptiv

A number of hedge funds have recently made changes to their positions in APTV. Zions Bancorporation National Association UT purchased a new position in Aptiv in the first quarter valued at about $26,000. 1248 Management LLC bought a new stake in shares of Aptiv in the 1st quarter valued at about $28,000. Picton Mahoney Asset Management purchased a new position in shares of Aptiv in the 4th quarter worth approximately $37,000. Mather Group LLC. raised its stake in shares of Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 385 shares in the last quarter. Finally, Eastern Bank purchased a new stake in Aptiv during the first quarter valued at approximately $39,000. 94.21% of the stock is currently 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.