Aptiv (NYSE:APTV) Hits New 1-Year Low Following Analyst Downgrade

Aptiv PLC (NYSE:APTV)’s share price hit a new 52-week low during 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. The stock had previously closed at $71.94.

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

Insider Activity

In other news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Cullinan Associates Inc. purchased a new stake in shares of Aptiv in the first quarter valued at approximately $454,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Aptiv by 10.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,388,461 shares of the auto parts company’s stock valued at $190,241,000 after purchasing an additional 230,079 shares during the period. Oak Thistle LLC purchased a new stake in shares of Aptiv in the first quarter valued at approximately $542,000. River Street Advisors LLC boosted its holdings 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 valued at $277,000 after purchasing an additional 606 shares during the period. Finally, Founders Financial Securities LLC boosted its holdings 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 valued at $300,000 after purchasing an additional 254 shares during the period. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

The business has a fifty day simple moving average of $77.67 and a two-hundred day simple moving average of $82.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The company has a market cap of $18.90 billion, a PE ratio of 6.69, a price-to-earnings-growth ratio of 0.93 and a beta of 1.90.

Aptiv (NYSE:APTV) last posted its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. Research analysts anticipate 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.