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

Aptiv PLC (NYSE:APTV) shares hit a new 52-week low during mid-day trading on Wednesday after Guggenheim lowered their price target on the stock from $103.00 to $92.00. Guggenheim currently has a buy rating on the stock. Aptiv traded as low as $69.84 and last traded at $69.94, with a volume of 2346078 shares traded. The stock had previously closed at $71.94.

Several other analysts also recently weighed in on APTV. UBS Group boosted their price objective on Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Wells Fargo & Company lowered their price objective on Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Citigroup lowered their price objective on Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Barclays lowered their price objective on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Finally, Royal Bank of Canada lowered their price objective on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.36.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the sale, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Aptiv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. River Street Advisors LLC grew its stake in shares of Aptiv by 21.1% in the first quarter. River Street Advisors LLC now owns 3,481 shares of the auto parts company’s stock worth $277,000 after acquiring an additional 606 shares during the last quarter. Founders Financial Securities LLC grew its stake in shares of Aptiv by 7.2% in the first quarter. Founders Financial Securities LLC now owns 3,766 shares of the auto parts company’s stock worth $300,000 after acquiring an additional 254 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Aptiv in the first quarter worth $219,000. Dohj LLC grew its stake in shares of Aptiv by 91.9% in the first quarter. Dohj LLC now owns 8,541 shares of the auto parts company’s stock worth $680,000 after acquiring an additional 4,090 shares during the last quarter. Finally, Shorepath Capital Management LLC grew its stake in shares of Aptiv by 18.6% in the first quarter. Shorepath Capital Management LLC now owns 49,802 shares of the auto parts company’s stock worth $3,967,000 after acquiring an additional 7,804 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Performance

The stock has a market capitalization of $18.91 billion, a PE ratio of 6.69, a PEG ratio of 0.94 and a beta of 1.90. The business has a 50 day moving average price of $77.91 and a 200 day moving average price of $82.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The company had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.95 billion. As a group, equities research analysts expect that Aptiv PLC will post 5.66 earnings per share 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.