Aptiv (NYSE:APTV) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV) in a research note issued on Wednesday. The brokerage set a “hold” rating on the auto parts company’s stock.

A number of other equities analysts have also commented on APTV. Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Friday, February 7th. Guggenheim reissued a “buy” rating and set a $73.00 price target on shares of Aptiv in a research note on Thursday, December 5th. Argus raised Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and increased their price target for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. Finally, Raymond James reissued a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.61.

Aptiv Stock Performance

NYSE APTV opened at $62.49 on Wednesday. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. 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 business has a 50-day moving average price of $63.76 and a 200-day moving average price of $63.30. Aptiv has a twelve month low of $51.47 and a twelve month high of $85.56.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities research 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 that occurred on Monday, March 10th. The stock was 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 represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. grew its stake in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares in the last quarter. Picton Mahoney Asset Management bought a new position in Aptiv in the fourth quarter worth approximately $37,000. Brooklyn Investment Group bought a new position in Aptiv in the third quarter worth approximately $43,000. CENTRAL TRUST Co grew its stake in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new position in Aptiv in the third quarter worth approximately $64,000. 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.