StockNews.com Begins Coverage on Aptiv (NYSE:APTV)

StockNews.com initiated coverage on shares of Aptiv (NYSE:APTV – Get Rating) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the auto parts company’s stock.

APTV has been the subject of a number of other research reports. Citigroup upped their price objective on shares of Aptiv from $138.00 to $154.00 and gave the company a buy rating in a report on Wednesday, February 15th. Robert W. Baird increased their price target on shares of Aptiv from $135.00 to $141.00 and gave the stock an outperform rating in a research report on Wednesday, February 15th. Bank of America lowered shares of Aptiv from a buy rating to a neutral rating and cut their target price for the stock from $151.00 to $120.00 in a research note on Monday, January 9th. Raymond James upped their target price on shares of Aptiv from $125.00 to $135.00 and gave the stock an outperform rating in a research note on Friday, February 3rd. Finally, Barclays initiated coverage on shares of Aptiv in a research note on Tuesday, February 14th. They issued an overweight rating and a $150.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of $135.76.

Aptiv Stock Performance

APTV opened at $107.20 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.60 and a quick ratio of 1.12. The firm has a fifty day moving average price of $111.83 and a 200 day moving average price of $100.29. Aptiv has a 1 year low of $77.96 and a 1 year high of $129.18. The stock has a market cap of $29.06 billion, a P/E ratio of 54.97, a P/E/G ratio of 2.30 and a beta of 2.04.

Aptiv (NYSE:APTV – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The auto parts company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.19 by $0.08. Aptiv had a net margin of 3.40% and a return on equity of 11.29%. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the firm earned $0.56 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. Equities research analysts anticipate that Aptiv will post 4.33 earnings per share for the current year.

Insider Buying and Selling

In related news, COO William T. Presley sold 7,000 shares of Aptiv stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $120.00, for a total transaction of $840,000.00. Following the completion of the sale, the chief operating officer now owns 62,833 shares in the company, valued at approximately $7,539,960. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Kevin P. Clark sold 6,665 shares of the stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $116.54, for a total value of $776,739.10. Following the completion of the sale, the chief executive officer now owns 532,577 shares of the company’s stock, valued at $62,066,523.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO William T. Presley sold 7,000 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $120.00, for a total transaction of $840,000.00. Following the completion of the transaction, the chief operating officer now directly owns 62,833 shares in the company, valued at approximately $7,539,960. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,995 shares of company stock worth $3,024,121. 0.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Kentucky Retirement Systems lifted its position in Aptiv by 0.4% during the 4th quarter. Kentucky Retirement Systems now owns 21,301 shares of the auto parts company’s stock worth $1,984,000 after acquiring an additional 93 shares in the last quarter. Toroso Investments LLC grew its holdings in Aptiv by 3.3% during the 3rd quarter. Toroso Investments LLC now owns 3,320 shares of the auto parts company’s stock valued at $260,000 after purchasing an additional 107 shares in the last quarter. Hemenway Trust Co LLC boosted its holdings in Aptiv by 0.4% in the third quarter. Hemenway Trust Co LLC now owns 29,333 shares of the auto parts company’s stock valued at $2,294,000 after purchasing an additional 116 shares during the last quarter. Fortis Advisors LLC boosted its holdings in Aptiv by 4.5% in the third quarter. Fortis Advisors LLC now owns 2,875 shares of the auto parts company’s stock valued at $225,000 after purchasing an additional 125 shares during the last quarter. Finally, FDx Advisors Inc. boosted its holdings in Aptiv by 4.2% in the third quarter. FDx Advisors Inc. now owns 3,173 shares of the auto parts company’s stock valued at $248,000 after purchasing an additional 127 shares during the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

Aptiv Company Profile

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Aptiv Plc is a technology and mobility architecture company, which engages in the business of designing and manufacturing vehicle components; providing electrical, electronic, and active safety technology solutions to the global automotive and commercial vehicle markets; and creating the software and hardware foundation for vehicle features and functionality.