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

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

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Guggenheim reiterated a “buy” rating and issued a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. Wells Fargo & Company increased their price objective on Aptiv from $70.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Oppenheimer dropped their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $85.47.

Aptiv Price Performance

Shares of NYSE APTV opened at $62.88 on Thursday. The company has a market cap of $14.78 billion, a PE ratio of 7.02, a P/E/G ratio of 0.56 and a beta of 1.75. Aptiv has a fifty-two week low of $51.47 and a fifty-two week 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 business has a 50-day simple moving average of $59.25 and a two-hundred day simple moving average of $64.59.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the business earned $1.30 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities analysts expect that Aptiv will post 6.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Large investors have recently added to or reduced their stakes in the business. Secured Retirement Advisors LLC raised its position in Aptiv by 46.1% in the 4th quarter. Secured Retirement Advisors LLC now owns 20,301 shares of the auto parts company’s stock valued at $1,228,000 after purchasing an additional 6,406 shares in the last quarter. Banque Pictet & Cie SA boosted its stake in Aptiv by 91.5% during the 4th quarter. Banque Pictet & Cie SA now owns 115,925 shares of the auto parts company’s stock worth $7,011,000 after purchasing an additional 55,400 shares during the period. V Square Quantitative Management LLC grew its stake in shares of Aptiv by 21.2% in the 4th quarter. V Square Quantitative Management LLC now owns 10,541 shares of the auto parts company’s stock valued at $638,000 after purchasing an additional 1,847 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of Aptiv during the fourth quarter worth about $20,160,000. Finally, Vontobel Holding Ltd. grew its holdings in Aptiv by 10.1% during the fourth quarter. Vontobel Holding Ltd. now owns 69,663 shares of the auto parts company’s stock worth $4,213,000 after acquiring an additional 6,366 shares during the period. 94.21% of the stock is 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.