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

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

A number of other brokerages have also recently weighed in on APTV. TD Cowen began coverage on shares of Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 price target for the company. Oppenheimer boosted their price objective on shares of Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Barclays boosted their price objective on shares of Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Baird R W upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Finally, Royal Bank of Canada upped their target price on shares of Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.50.

Aptiv Trading Up 3.4%

APTV stock traded up $2.23 during midday trading on Thursday, hitting $68.29. The stock had a trading volume of 2,199,136 shares, compared to its average volume of 3,509,238. The firm has a market cap of $14.87 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv has a 12-month low of $47.19 and a 12-month high of $85.35. The company's 50-day moving average price is $58.88 and its 200 day moving average price is $60.13.

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

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.45% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in APTV. Zions Bancorporation National Association UT acquired a new stake in Aptiv in the first quarter worth $26,000. 1248 Management LLC purchased a new position in shares of Aptiv in the 1st quarter worth about $28,000. Geneos Wealth Management Inc. boosted its holdings in shares of Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company's stock worth $29,000 after buying an additional 398 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in Aptiv in the 4th quarter valued at about $37,000. Finally, Mather Group LLC. raised 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 valued at $38,000 after acquiring an additional 385 shares during the period. Institutional investors own 94.21% of the company's stock.

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.