Aptiv (NYSE:APTV) Reaches New 1-Year Low on Analyst Downgrade

Aptiv PLC (NYSE:APTV) shares hit a new 52-week low during trading on Wednesday after StockNews.com downgraded the stock from a buy rating to a hold rating. The company traded as low as $66.01 and last traded at $66.83, with a volume of 1625720 shares trading hands. The stock had previously closed at $73.36.

Several other research firms have also recently commented on APTV. JPMorgan Chase & Co. upped their price target on Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. Barclays reduced their target price on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Piper Sandler lowered shares of Aptiv from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $78.00 to $63.00 in a report on Wednesday. Wells Fargo & Company reduced their price objective on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Oppenheimer lowered their target price on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $105.08.

Insiders Place Their Bets

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the company’s stock in a transaction 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 transaction, the director now owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital World Investors acquired a new position in Aptiv during the first quarter valued at approximately $343,760,000. EdgePoint Investment Group Inc. acquired a new position in shares of Aptiv in the 1st quarter valued at $335,426,000. Norges Bank bought a new stake in shares of Aptiv in the 4th quarter valued at $302,902,000. Massachusetts Financial Services Co. MA raised its stake in Aptiv by 17.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock worth $854,210,000 after buying an additional 1,405,569 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Aptiv by 4.2% during the third quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after acquiring an additional 1,265,774 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Trading Up 2.1 %

The business has a 50 day simple moving average of $77.61 and a 200-day simple moving average of $79.82. The stock has a market capitalization of $18.77 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 0.70 and a beta of 1.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.11. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. Aptiv’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 EPS. As a group, equities analysts expect that Aptiv PLC will post 6.01 earnings per share for the current year.

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.