Aptiv (NYSE:APTV) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV - Get Free Report) in a report issued on Monday. The brokerage set a "hold" rating on the auto parts company's stock.

A number of other research analysts have also recently commented on APTV. Oppenheimer raised their price target on shares of Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Baird R W upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. Guggenheim cut their target price on shares of Aptiv from $75.00 to $64.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird cut their target price on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, TD Cowen started coverage on shares of Aptiv in a research note on Friday, March 7th. They issued a "buy" rating and a $90.00 target price for the company. One equities research 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 stock. Based on data from MarketBeat, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.94.

Aptiv Stock Performance

APTV stock traded up $0.64 during mid-day trading on Monday, reaching $57.70. 1,896,029 shares of the stock traded hands, compared to its average volume of 3,555,016. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv has a 52 week low of $47.19 and a 52 week high of $85.56. The business has a 50-day moving average of $58.80 and a two-hundred day moving average of $60.22. The firm has a market capitalization of $13.24 billion, a PE ratio of 8.39, a P/E/G ratio of 0.62 and a beta of 1.64.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.16. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. During the same period in the previous year, the firm earned $1.16 earnings per share. The company's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts predict that Aptiv will post 7.2 EPS for the current fiscal year.

Insider Transactions at Aptiv

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. South Dakota Investment Council raised its holdings in Aptiv by 32.9% in the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock valued at $7,799,000 after buying an additional 31,941 shares during the last quarter. Focus Financial Network Inc. bought a new position in Aptiv in the 4th quarter valued at approximately $379,000. Shorepath Capital Management LLC raised its holdings in Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company's stock worth $3,998,000 after purchasing an additional 11,835 shares during the last quarter. Diametric Capital LP bought a new position in Aptiv during the 4th quarter worth approximately $972,000. Finally, abrdn plc bought a new position in Aptiv during the 4th quarter worth approximately $30,374,000. Institutional investors own 94.21% of the company's stock.

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.