Aptiv (NYSE:APTV) Sets New 1-Year Low – Time to Sell?

Aptiv PLC (NYSE:APTV) hit a new 52-week low on Wednesday . The company traded as low as $52.91 and last traded at $53.00, with a volume of 364085 shares traded. The stock had previously closed at $55.24.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com initiated coverage on shares of Aptiv in a research report on Sunday, November 3rd. They set a “hold” rating for the company. Evercore ISI decreased their price objective on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 15th. Wolfe Research initiated coverage on Aptiv in a research report on Thursday, September 5th. They set an “outperform” rating and a $89.00 price target on the stock. Morgan Stanley decreased their price target on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating on the stock in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company upgraded Aptiv from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $78.00 to $87.00 in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Aptiv Trading Up 1.1 %

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The stock has a market cap of $13.22 billion, a P/E ratio of 6.28, a PEG ratio of 0.52 and a beta of 1.81. The firm’s fifty day moving average price is $68.01 and its two-hundred day moving average price is $71.90.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 EPS. As a group, equities research analysts forecast that Aptiv PLC will post 6.19 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in APTV. Independence Bank of Kentucky bought a new position in Aptiv during the second quarter valued at approximately $25,000. Crewe Advisors LLC lifted its stake in Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares during the last quarter. Clearstead Trust LLC boosted its position in Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after buying an additional 305 shares during the period. Wolff Wiese Magana LLC grew its stake in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Aptiv in the 2nd quarter valued at about $38,000. Institutional investors own 94.21% of the company’s stock.

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.