StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV – Free Report) in a research note issued to investors on Saturday. The firm issued a hold rating on the auto parts company’s stock.
A number of other equities research analysts also recently issued reports on APTV. Nomura Securities raised Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Barclays decreased their price target on Aptiv from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $74.00 price target on shares of Aptiv in a research note on Tuesday, September 10th. Evercore ISI reduced their price objective on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Finally, Citigroup dropped their target price on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and an average target price of $95.50.
Check Out Our Latest Report on Aptiv
Aptiv Stock Performance
Shares of NYSE:APTV traded up $1.00 during trading on Friday, reaching $69.31. 2,383,932 shares of the stock were exchanged, compared to its average volume of 2,956,302. Aptiv has a 12 month low of $63.62 and a 12 month high of $91.66. The stock has a 50-day moving average price of $70.22 and a 200-day moving average price of $72.79. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. The firm has a market cap of $18.86 billion, a PE ratio of 6.53, a PEG ratio of 0.65 and a beta of 1.79.
Aptiv (NYSE:APTV – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.16. The business had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. During the same period in the previous year, the company posted $1.25 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Research analysts expect that Aptiv will post 6.28 EPS for the current fiscal year.
Hedge Funds Weigh In On Aptiv
Several large investors have recently bought and sold shares of APTV. Janney Montgomery Scott LLC lifted its holdings in shares of Aptiv by 36.6% during the first quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock worth $3,818,000 after purchasing an additional 12,835 shares during the period. Hemenway Trust Co LLC grew its position in shares of Aptiv by 25.2% in the 1st quarter. Hemenway Trust Co LLC now owns 55,968 shares of the auto parts company’s stock valued at $4,458,000 after buying an additional 11,270 shares during the last quarter. M&G Plc acquired a new stake in shares of Aptiv in the first quarter valued at about $8,337,000. Olstein Capital Management L.P. bought a new position in shares of Aptiv during the first quarter worth about $3,345,000. Finally, Sei Investments Co. lifted its stake in shares of Aptiv by 9.5% in the first quarter. Sei Investments Co. now owns 287,781 shares of the auto parts company’s stock worth $22,926,000 after acquiring an additional 25,003 shares during the period. 94.21% of the stock is currently 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.
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