Aptiv (NYSE:APTV) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Aptiv (NYSE:APTV) to a hold rating in a report issued on Saturday morning.

Several other research firms also recently commented on APTV. Robert W. Baird decreased their price target on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Piper Sandler set a $70.00 price target on shares of Aptiv and gave the company a “neutral” rating in a research note on Thursday, May 22nd. Wells Fargo & Company upped their target price on Aptiv from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, May 19th. TD Cowen started coverage on Aptiv in a research report on Friday, March 7th. They issued a “buy” rating and a $90.00 target price on the stock. Finally, Bank of America upped their target price on Aptiv from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, June 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.56.

Aptiv Stock Down 1.0%

Shares of Aptiv stock opened at $67.01 on Friday. The business’s 50 day simple moving average is $62.73 and its 200 day simple moving average is $61.72. Aptiv has a 52-week low of $47.19 and a 52-week high of $80.95. The firm has a market cap of $14.59 billion, a PE ratio of 11.09, a P/E/G ratio of 0.75 and a beta of 1.47. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The firm’s 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. On average, analysts predict that Aptiv will post 7.2 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

Several large investors have recently modified their holdings of APTV. South Dakota Investment Council grew its stake in 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 buying an additional 31,941 shares in the last quarter. Diametric Capital LP acquired a new stake in shares of Aptiv during the 4th quarter worth approximately $972,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Aptiv by 8.1% during the 4th 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. boosted its position in shares of Aptiv by 37.4% during the 4th 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 in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Aptiv by 4.1% during the 4th quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company’s stock worth $887,000 after acquiring an additional 577 shares in the last quarter. 94.21% of the stock is 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.