Aptiv (NYSE:APTV) Shares Gap Up – Still a Buy?

Aptiv PLC (NYSE:APTV) gapped up before the market opened on Wednesday . The stock had previously closed at $61.79, but opened at $65.13. Aptiv shares last traded at $64.52, with a volume of 1,363,197 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on APTV shares. Bank of America cut their price target on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Royal Bank of Canada cut their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays decreased their target price on Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday. Guggenheim reaffirmed a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Finally, Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

Aptiv Trading Up 2.1 %

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 stock has a 50-day moving average price of $58.06 and a 200-day moving average price of $64.86. The stock has a market cap of $14.83 billion, a P/E ratio of 7.04, a P/E/G ratio of 0.54 and a beta of 1.75.

Aptiv (NYSE:APTV) last issued its 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 company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the business posted $1.30 EPS. Aptiv’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts expect that Aptiv PLC will post 6.15 EPS for the current year.

Hedge Funds Weigh In On Aptiv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its stake in shares of Aptiv by 19.3% in the 4th quarter. Pacer Advisors Inc. now owns 34,808 shares of the auto parts company’s stock worth $2,105,000 after purchasing an additional 5,623 shares in the last quarter. KBC Group NV lifted its holdings in shares of Aptiv by 8.9% in the 4th quarter. KBC Group NV now owns 79,558 shares of the auto parts company’s stock valued at $4,812,000 after acquiring an additional 6,488 shares during the last quarter. Olstein Capital Management L.P. grew its position in Aptiv by 25.7% in the fourth quarter. Olstein Capital Management L.P. now owns 137,000 shares of the auto parts company’s stock worth $8,286,000 after acquiring an additional 28,000 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Aptiv by 23.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 200,924 shares of the auto parts company’s stock worth $12,152,000 after acquiring an additional 38,554 shares during the last quarter. Finally, Dakota Wealth Management bought a new stake in shares of Aptiv in the 4th quarter valued at approximately $596,000. 94.21% of the stock is owned by institutional investors.

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.