Argus Upgrades Aptiv (NYSE:APTV) to Strong-Buy

Aptiv (NYSE:APTV) was upgraded by equities researchers at Argus to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Barclays lifted their target price on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. TD Cowen decreased their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Finally, Guggenheim reiterated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.61.

Aptiv Stock Up 1.3 %

Shares of Aptiv stock opened at $65.48 on Tuesday. Aptiv has a 1 year low of $51.47 and a 1 year high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.06. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.54 and a beta of 1.74. The firm’s 50-day moving average is $60.75 and its two-hundred day moving average is $64.10.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, research analysts expect that Aptiv will post 7.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

Several institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its position in Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock valued at $864,206,000 after buying an additional 1,517,104 shares during the period. FMR LLC boosted its stake in shares of Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after acquiring an additional 1,294,670 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $371,767,000 after acquiring an additional 1,408,433 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Aptiv by 1,390.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Aptiv by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock worth $234,799,000 after purchasing an additional 223,831 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

About Aptiv

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.