Investment analysts at StockNews.com started coverage on shares of Aptiv (NYSE:APTV - Get Free Report) in a research note issued on Tuesday. The firm set a "hold" rating on the auto parts company's stock.
APTV has been the subject of several other reports. Piper Sandler lifted their target price on shares of Aptiv from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Baird R W raised Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Wells Fargo & Company reduced their target price on Aptiv from $77.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Royal Bank of Canada increased their price objective on Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, HSBC upgraded shares of Aptiv from a "hold" rating to a "buy" rating and upped their target price for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $82.06.
Check Out Our Latest Stock Analysis on APTV
Aptiv Stock Up 1.4 %
Shares of APTV stock traded up $0.86 during mid-day trading on Tuesday, reaching $61.97. 1,606,589 shares of the company's stock traded hands, compared to its average volume of 3,490,857. The company's 50-day moving average price is $57.96 and its 200-day moving average price is $59.69. The company has a market cap of $13.49 billion, a P/E ratio of 9.01, a P/E/G ratio of 0.62 and a beta of 1.44. 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 12 month low of $47.19 and a 12 month high of $85.35.
Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. The business's revenue was down 1.6% compared to the same quarter last year. On average, equities analysts expect that Aptiv will post 7.2 earnings per share for the current fiscal year.
Insider Transactions at Aptiv
In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.45% of the company's stock.
Hedge Funds Weigh In On Aptiv
Several institutional investors have recently bought and sold shares of APTV. Picton Mahoney Asset Management bought a new stake in shares of Aptiv in the fourth quarter worth about $37,000. Mather Group LLC. increased its stake in Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock worth $38,000 after acquiring an additional 385 shares during the last quarter. Eastern Bank purchased a new stake in shares of Aptiv during the 1st quarter worth approximately $39,000. Versant Capital Management Inc boosted its position in shares of Aptiv by 201.7% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after acquiring an additional 470 shares during the last quarter. Finally, UMB Bank n.a. purchased a new position in shares of Aptiv in the first quarter valued at $48,000. 94.21% of the stock is owned by hedge funds and other institutional investors.
About Aptiv
(
Get Free Report)
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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