Aptiv (NYSE:APTV) Sees Large Volume Increase

Aptiv PLC (NYSE:APTV) shares saw strong trading volume on Thursday . 958,277 shares traded hands during trading, a decline of 65% from the previous session’s volume of 2,739,044 shares.The stock last traded at $68.29 and had previously closed at $67.54.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Guggenheim boosted their price target on Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Barclays lowered their price target on Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. Wells Fargo & Company lowered their price target on Aptiv from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Oppenheimer lowered their price target on Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Finally, Piper Sandler downgraded Aptiv from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $78.00 to $63.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $105.08.

Aptiv Price Performance

The company has a 50 day moving average of $77.61 and a 200-day moving average of $79.67. The firm has a market capitalization of $19.16 billion, a P/E ratio of 6.64, a P/E/G ratio of 0.66 and a beta of 1.87. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42.

Aptiv (NYSE:APTV) last released its quarterly earnings results 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 the consensus estimate of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. On average, sell-side analysts predict that Aptiv PLC will post 6.01 EPS for the current year.

Insider Activity

In other 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 completion of the sale, the director now directly owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Aptiv

A number of institutional investors have recently modified their holdings of APTV. Kestra Advisory Services LLC raised its holdings in shares of Aptiv by 24.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 4,933 shares of the auto parts company’s stock worth $486,000 after buying an additional 975 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Aptiv by 38.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,771 shares of the auto parts company’s stock worth $668,000 after purchasing an additional 1,889 shares in the last quarter. Trexquant Investment LP acquired a new position in Aptiv in the 3rd quarter worth about $2,469,000. Tower Research Capital LLC TRC increased its stake in shares of Aptiv by 145.3% in the third quarter. Tower Research Capital LLC TRC now owns 14,695 shares of the auto parts company’s stock valued at $1,449,000 after buying an additional 8,704 shares during the period. Finally, Bank of Nova Scotia increased its stake in shares of Aptiv by 71.2% in the third quarter. Bank of Nova Scotia now owns 25,377 shares of the auto parts company’s stock valued at $2,502,000 after buying an additional 10,553 shares during the period. Institutional investors and hedge funds 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.