Aptiv (NYSE:APTV) Raised to Hold at Nomura Securities

Nomura Securities upgraded shares of Aptiv (NYSE:APTV) from a strong sell rating to a hold rating in a research note issued to investors on Monday, Zacks.com reports.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Aptiv from $104.00 to $107.00 and gave the stock an overweight rating in a research report on Monday, August 5th. Wells Fargo & Company decreased their price target on shares of Aptiv from $82.00 to $78.00 and set an equal weight rating on the stock in a report on Friday, August 2nd. Morgan Stanley cut their target price on Aptiv from $75.00 to $70.00 and set an underweight rating on the stock in a research report on Wednesday, August 14th. Citigroup lowered their price target on Aptiv from $128.00 to $108.00 and set a buy rating for the company in a research report on Friday, July 12th. Finally, Oppenheimer restated an outperform rating and issued a $145.00 price objective on shares of Aptiv in a report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $96.64.

Aptiv Stock Performance

Shares of NYSE APTV opened at $70.90 on Monday. The company has a 50-day simple moving average of $70.12 and a 200-day simple moving average of $75.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 0.89. The company has a market cap of $19.29 billion, a PE ratio of 6.68, a price-to-earnings-growth ratio of 0.66 and a beta of 1.79. Aptiv has a 12 month low of $65.13 and a 12 month high of $104.72.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the previous year, the company earned $1.25 EPS. Aptiv’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that Aptiv will post 6.3 earnings per share for the current year.

Insider Buying and Selling at Aptiv

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the firm’s stock in a transaction that occurred 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 owns 13,636 shares in the company, valued at approximately $1,049,699.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aptiv

A number of hedge funds have recently bought and sold shares of APTV. Financial Advocates Investment Management boosted its stake in shares of Aptiv by 5.9% during the 4th quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock worth $211,000 after acquiring an additional 132 shares in the last quarter. Broderick Brian C increased its position in Aptiv by 0.6% in the 1st quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock worth $1,731,000 after purchasing an additional 132 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Aptiv by 11.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock worth $130,000 after purchasing an additional 146 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Aptiv by 6.2% during the 2nd quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock valued at $189,000 after buying an additional 156 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in shares of Aptiv by 27.3% during the 1st quarter. Lindbrook Capital LLC now owns 812 shares of the auto parts company’s stock valued at $65,000 after buying an additional 174 shares during the last quarter. 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.