Aptiv (NYSE:APTV) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Aptiv (NYSE:APTV) from a hold rating to a buy rating in a research note released on Wednesday morning.

APTV has been the topic of several other research reports. Guggenheim upped their target price on Aptiv from $92.00 to $94.00 and gave the company a buy rating in a research report on Wednesday, May 8th. Robert W. Baird upped their target price on Aptiv from $86.00 to $90.00 and gave the company a neutral rating in a research report on Friday, May 3rd. Oppenheimer cut their price target on Aptiv from $148.00 to $145.00 and set an outperform rating for the company in a research note on Friday, May 3rd. UBS Group boosted their price target on Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. boosted their price target on Aptiv from $109.00 to $113.00 and gave the company an overweight rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Aptiv presently has a consensus rating of Moderate Buy and a consensus price target of $106.50.

Aptiv Price Performance

Shares of NYSE APTV opened at $70.30 on Wednesday. Aptiv has a twelve month low of $68.84 and a twelve month high of $113.60. The business’s 50 day moving average price is $77.94 and its two-hundred day moving average price is $80.36. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The company has a market cap of $19.13 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that Aptiv will post 6.01 EPS for the current year.

Insiders Place Their Bets

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the sale, the director now directly owns 13,636 shares in the company, valued at $1,049,699.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Aptiv by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock worth $2,843,905,000 after buying an additional 325,550 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Aptiv by 17.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock worth $854,210,000 after buying an additional 1,405,569 shares in the last quarter. Impax Asset Management Group plc increased its holdings in shares of Aptiv by 7.1% during the fourth quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock worth $651,978,000 after buying an additional 483,157 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Aptiv by 1.1% during the third quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock worth $496,706,000 after buying an additional 53,288 shares in the last quarter. Finally, Capital World Investors acquired a new position in shares of Aptiv during the first quarter worth $343,760,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.