Aptiv (NYSE:APTV) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a research report issued on Tuesday, February 5th.
A number of other brokerages have also recently weighed in on APTV. Macquarie initiated coverage on shares of Aptiv in a research report on Monday, October 8th. They set an “outperform” rating for the company. Citigroup dropped their price objective on shares of Aptiv from $99.00 to $93.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Royal Bank of Canada lifted their price objective on shares of Aptiv to $88.00 and gave the company an “outperform” rating in a report on Friday, February 1st. Barclays lifted their price objective on shares of Aptiv to $90.00 and gave the company an “overweight” rating in a report on Friday, February 1st. Finally, BMO Capital Markets lifted their price objective on shares of Aptiv from $84.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, February 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Aptiv currently has a consensus rating of “Buy” and a consensus target price of $93.82.
APTV stock traded up $1.16 during midday trading on Tuesday, hitting $84.27. 1,683,722 shares of the stock traded hands, compared to its average volume of 2,001,004. The firm has a market cap of $21.42 billion, a PE ratio of 16.02, a P/E/G ratio of 1.20 and a beta of 1.81. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.95 and a current ratio of 1.29. Aptiv has a 1-year low of $58.80 and a 1-year high of $103.23.
Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, January 31st. The auto parts company reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.13. Aptiv had a net margin of 7.39% and a return on equity of 37.39%. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.53 billion. Research analysts predict that Aptiv will post 5.38 earnings per share for the current fiscal year.
In related news, insider Kevin P. Clark purchased 11,310 shares of the stock in a transaction dated Tuesday, December 11th. The shares were acquired at an average cost of $67.43 per share, with a total value of $762,633.30. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Majdi Abulaban sold 25,130 shares of the company’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $2,010,400.00. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of APTV. PRW Wealth Management LLC acquired a new position in Aptiv during the 4th quarter worth approximately $28,000. Oregon Public Employees Retirement Fund boosted its holdings in Aptiv by 3,023.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,974,550 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 1,911,334 shares during the period. Laurel Wealth Advisors LLC acquired a new position in Aptiv in the fourth quarter worth $34,000. Resources Investment Advisors Inc. acquired a new position in Aptiv in the fourth quarter worth $34,000. Finally, Enlightenment Research LLC acquired a new position in Aptiv in the fourth quarter worth $36,000. 91.05% of the stock is currently owned by hedge funds and other institutional investors.
Aptiv Company Profile
Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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