Aptiv (NYSE:APTV) Lowered to Underweight at Piper Sandler

Aptiv (NYSE:APTVGet Rating) was downgraded by investment analysts at Piper Sandler from a “neutral” rating to an “underweight” rating in a report released on Monday, The Fly reports.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Aptiv from a “hold” rating to a “strong sell” rating and set a $148.00 price target for the company. in a report on Friday, January 7th. Cowen lowered their price objective on shares of Aptiv from $200.00 to $180.00 in a research report on Friday, February 4th. The Goldman Sachs Group lowered their price objective on shares of Aptiv from $189.00 to $162.00 and set a “buy” rating for the company in a research report on Tuesday, March 22nd. BNP Paribas began coverage on shares of Aptiv in a research report on Monday, April 11th. They issued an “outperform” rating and a $160.00 price objective for the company. Finally, Robert W. Baird lowered their price objective on shares of Aptiv from $200.00 to $179.00 in a research report on Friday, February 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $172.53.

Shares of APTV stock opened at $107.51 on Monday. Aptiv has a 12-month low of $94.75 and a 12-month high of $180.81. The company has a market capitalization of $29.13 billion, a P/E ratio of 55.13, a P/E/G ratio of 2.49 and a beta of 2.07. The firm has a 50-day moving average price of $120.49 and a 200 day moving average price of $147.17. The company has a quick ratio of 1.53, a current ratio of 2.01 and a debt-to-equity ratio of 0.47.

Aptiv (NYSE:APTVGet Rating) last announced its quarterly earnings results on Thursday, February 3rd. The auto parts company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Aptiv had a net margin of 3.78% and a return on equity of 8.73%. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm posted $1.13 EPS. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, research analysts expect that Aptiv will post 3.95 earnings per share for the current year.

In other Aptiv news, CEO Kevin P. Clark sold 5,830 shares of Aptiv stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $109.98, for a total value of $641,183.40. Following the transaction, the chief executive officer now owns 676,822 shares of the company’s stock, valued at $74,436,883.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.41% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc lifted its position in shares of Aptiv by 0.3% in the third quarter. CIBC Asset Management Inc now owns 22,396 shares of the auto parts company’s stock worth $3,336,000 after purchasing an additional 62 shares in the last quarter. Blueprint Investment Partners LLC lifted its position in shares of Aptiv by 9.5% in the fourth quarter. Blueprint Investment Partners LLC now owns 832 shares of the auto parts company’s stock worth $137,000 after purchasing an additional 72 shares in the last quarter. Peddock Capital Advisors LLC lifted its position in shares of Aptiv by 1.1% in the third quarter. Peddock Capital Advisors LLC now owns 7,316 shares of the auto parts company’s stock worth $1,090,000 after purchasing an additional 79 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Aptiv by 1.6% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,365 shares of the auto parts company’s stock worth $885,000 after purchasing an additional 83 shares in the last quarter. Finally, We Are One Seven LLC lifted its position in shares of Aptiv by 2.7% in the third quarter. We Are One Seven LLC now owns 3,293 shares of the auto parts company’s stock worth $569,000 after purchasing an additional 86 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

About Aptiv (Get Rating)

Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.

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