Aptiv (NYSE:APTV) Sets New 52-Week Low Following Analyst Downgrade

Aptiv PLC (NYSE:APTV) hit a new 52-week low during mid-day trading on Friday after Morgan Stanley lowered their price target on the stock from $68.00 to $60.00. Morgan Stanley currently has an underweight rating on the stock. Aptiv traded as low as $52.14 and last traded at $52.27, with a volume of 1650102 shares changing hands. The stock had previously closed at $54.03.

Several other brokerages have also recently commented on APTV. Barclays dropped their price target on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft cut their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Robert W. Baird decreased their target price on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new stake in shares of Aptiv in the second quarter worth about $25,000. Clearstead Trust LLC lifted its holdings in Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 305 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 409 shares during the last quarter. Crewe Advisors LLC raised its position in shares of Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 215 shares during the period. Finally, Wolff Wiese Magana LLC raised its position in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

The stock’s 50 day moving average price is $66.82 and its two-hundred day moving average price is $71.48. 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 firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 5.91, a PEG ratio of 0.50 and a beta of 1.81.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the business posted $1.30 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Aptiv PLC will post 6.18 EPS for the current year.

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.