Aptiv (NYSE:APTV) Downgraded by StockNews.com to Hold

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

A number of other equities research analysts also recently weighed in on the stock. Barclays dropped their price target 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. UBS Group lifted their price target on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Piper Sandler downgraded shares of Aptiv from a neutral rating to an underweight rating and dropped their price target for the company from $78.00 to $63.00 in a research report on Wednesday. Guggenheim boosted their price objective on shares of Aptiv from $92.00 to $94.00 and gave the company a buy rating in a research report on Wednesday, May 8th. Finally, Wells Fargo & Company lowered their price objective on shares of Aptiv from $83.00 to $82.00 and set an equal weight rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Aptiv presently has a consensus rating of Hold and an average price target of $105.08.

Aptiv Trading Down 7.9 %

Shares of APTV stock opened at $67.54 on Wednesday. The firm has a 50 day moving average price of $77.64 and a two-hundred day moving average price of $79.91. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $18.37 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 0.70 and a beta of 1.87. Aptiv has a 12-month low of $65.13 and a 12-month high of $113.60.

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, topping the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period last year, the business posted $0.91 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, analysts predict that Aptiv will post 6.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the sale, the director now owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

Institutional Trading of Aptiv

Several institutional investors have recently modified their holdings of APTV. Capital World Investors bought a new stake in shares of Aptiv in the first quarter worth $343,760,000. EdgePoint Investment Group Inc. bought a new stake in Aptiv during the first quarter valued at $335,426,000. Norges Bank bought a new stake in Aptiv during the fourth quarter valued at $302,902,000. Massachusetts Financial Services Co. MA boosted its position in Aptiv by 17.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock valued at $854,210,000 after acquiring an additional 1,405,569 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position 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 valued at $3,092,966,000 after acquiring an additional 1,265,774 shares during the last quarter. Institutional investors 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.