Aptiv (NYSE:APTV) Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Aptiv (NYSE:APTV - Free Report) to a hold rating in a research note issued to investors on Saturday morning.

A number of other analysts have also recently commented on APTV. Morgan Stanley cut their target price on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. Wells Fargo & Company increased their target price on Aptiv from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Bank of America lifted their price target on Aptiv from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Guggenheim downgraded Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. Finally, Royal Bank Of Canada upped their target price on shares of Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Aptiv has a consensus rating of "Moderate Buy" and an average target price of $81.56.

Aptiv Stock Performance

APTV traded up $1.83 on Friday, reaching $68.34. The stock had a trading volume of 3,698,591 shares, compared to its average volume of 3,470,323. Aptiv has a 12-month low of $47.19 and a 12-month high of $80.95. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The company has a market cap of $14.88 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 0.75 and a beta of 1.47. The business's 50-day moving average price is $63.06 and its two-hundred day moving average price is $61.83.

Aptiv (NYSE:APTV - Get Free Report) last issued 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. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. Aptiv's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. Sell-side analysts forecast that Aptiv will post 7.2 earnings per share for the current year.

Institutional Trading of Aptiv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APTV. South Dakota Investment Council lifted its position in shares of Aptiv by 32.9% during the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock worth $7,799,000 after purchasing an additional 31,941 shares in the last quarter. Diametric Capital LP purchased a new position in Aptiv in the 4th quarter valued at approximately $972,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Aptiv by 8.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company's stock worth $28,700,000 after acquiring an additional 35,426 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Aptiv by 37.4% during the fourth quarter. D.A. Davidson & CO. now owns 23,241 shares of the auto parts company's stock worth $1,406,000 after acquiring an additional 6,329 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of Aptiv by 4.1% in the fourth quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company's stock valued at $887,000 after acquiring an additional 577 shares in the last quarter. Hedge funds and other 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.