Aptiv (NYSE:APTV) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the auto parts company’s stock.

Other equities research analysts have also issued reports about the stock. Oppenheimer decreased their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Robert W. Baird reduced their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. TD Cowen reduced their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada reduced their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Bank of America reduced their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $85.06.

Aptiv Price Performance

Shares of NYSE APTV opened at $63.40 on Wednesday. Aptiv has a one year low of $51.47 and a one year high of $88.89. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The company’s fifty day moving average is $58.39 and its two-hundred day moving average is $64.84. The firm has a market capitalization of $14.90 billion, a P/E ratio of 7.08, a PEG ratio of 0.56 and a beta of 1.75.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the firm earned $1.30 EPS. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts forecast that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

A number of hedge funds have recently bought and sold shares of APTV. Proactive Wealth Strategies LLC acquired a new stake in Aptiv in the third quarter valued at $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after acquiring an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Aptiv in the 3rd quarter valued at about $14,893,000. National Pension Service lifted its holdings in Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after acquiring an additional 71,633 shares during the last quarter. Finally, Shorepath Capital Management LLC lifted its holdings 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 acquiring an additional 11,835 shares during the last quarter. Institutional investors and hedge funds 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.