Wall Street Zen Initiates Coverage on Aptiv (NYSE:APTV)

Wall Street Zen started coverage on shares of Aptiv (NYSE:APTV - Free Report) in a research note published on Thursday morning. The brokerage issued a hold rating on the auto parts company's stock.

Several other research analysts have also recently issued reports on the stock. Oppenheimer increased their price target on shares of Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Morgan Stanley dropped their target price on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a report on Monday, May 19th. Royal Bank of Canada upped their price target on shares of Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Baird R W upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Finally, HSBC upgraded Aptiv from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Aptiv currently has an average rating of "Moderate Buy" and a consensus price target of $82.50.

Aptiv Stock Down 1.3%

Aptiv stock traded down $0.84 during midday trading on Thursday, reaching $66.13. The company's stock had a trading volume of 1,530,815 shares, compared to its average volume of 3,507,199. Aptiv has a fifty-two week low of $47.19 and a fifty-two week high of $85.35. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a market cap of $14.40 billion, a P/E ratio of 9.61, a P/E/G ratio of 0.62 and a beta of 1.44. The business has a 50-day simple moving average of $58.70 and a 200-day simple moving average of $59.94.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.55 by $0.14. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the business earned $1.16 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. On average, research analysts expect that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insider Activity

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $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 is available at the SEC website. 0.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. South Dakota Investment Council lifted its position in Aptiv by 32.9% during the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock worth $7,799,000 after buying an additional 31,941 shares in the last quarter. Focus Financial Network Inc. acquired a new stake in shares of Aptiv in the fourth quarter valued at approximately $379,000. Diametric Capital LP acquired a new stake in shares of Aptiv in the fourth quarter valued at approximately $972,000. abrdn plc acquired a new stake in shares of Aptiv in the fourth quarter valued at approximately $30,374,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Aptiv by 538.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 147,974 shares of the auto parts company's stock valued at $8,949,000 after purchasing an additional 124,813 shares in the last quarter. Institutional investors and hedge funds 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.