Aptiv (NYSE:APTV) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Aptiv (NYSE:APTV) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

A number of other equities analysts also recently issued reports on APTV. Wells Fargo & Company dropped their price target on Aptiv from $83.00 to $82.00 and set an equal weight rating on the stock in a research note on Tuesday. Robert W. Baird increased their price objective on shares of Aptiv from $86.00 to $90.00 and gave the company a neutral rating in a report on Friday, May 3rd. Piper Sandler cut shares of Aptiv from a neutral rating to an underweight rating and reduced their price target for the stock from $78.00 to $63.00 in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Aptiv from $109.00 to $113.00 and gave the company an overweight rating in a research report on Tuesday, May 7th. Finally, Barclays lowered their price objective on shares of Aptiv from $112.00 to $110.00 and set an overweight rating for the company in a research report on Thursday, April 11th. 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 stock. According to data from MarketBeat.com, Aptiv currently has an average rating of Hold and an average price target of $105.08.

Aptiv Price Performance

Shares of NYSE APTV opened at $70.42 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. The company has a 50 day simple moving average of $77.61 and a two-hundred day simple moving average of $79.67. Aptiv has a fifty-two week low of $65.13 and a fifty-two week high of $113.60. The company has a market capitalization of $19.16 billion, a price-to-earnings ratio of 6.64, a P/E/G ratio of 0.65 and a beta of 1.87.

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

Insider Buying and Selling

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction dated 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 transaction, the director now owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of APTV. Cambridge Trust Co. raised its position in shares of Aptiv by 0.7% during the 1st quarter. Cambridge Trust Co. now owns 112,414 shares of the auto parts company’s stock worth $8,954,000 after purchasing an additional 752 shares during the last quarter. Cetera Advisors LLC acquired a new position in Aptiv in the 1st quarter valued at about $383,000. Cetera Investment Advisers increased its holdings in shares of Aptiv by 196.5% during the 1st quarter. Cetera Investment Advisers now owns 32,763 shares of the auto parts company’s stock worth $2,610,000 after buying an additional 21,712 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Aptiv during the 1st quarter worth about $605,000. Finally, EdgePoint Investment Group Inc. purchased a new position in shares of Aptiv during the 1st quarter worth approximately $335,426,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.