Aptiv (NYSE:APTV) Downgraded by Wolfe Research to Peer Perform

Aptiv (NYSE:APTV) was downgraded by Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued on Wednesday, MarketBeat.com reports.

APTV has been the subject of several other research reports. Robert W. Baird dropped their target price on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Barclays lifted their price objective on Aptiv from $55.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Wells Fargo & Company increased their target price on Aptiv from $85.00 to $86.00 and gave the company an “overweight” rating in a research note on Tuesday. Bank of America boosted their target price on Aptiv from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Finally, TD Cowen began coverage on Aptiv in a research note on Friday, March 7th. They issued a “buy” rating and a $90.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.61.

Aptiv Price Performance

Shares of APTV stock opened at $72.42 on Wednesday. The firm has a market cap of $15.77 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 0.81 and a beta of 1.46. Aptiv has a 12 month low of $47.19 and a 12 month high of $80.95. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average price of $65.86 and a 200 day moving average price of $62.41.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. Research analysts expect that Aptiv will post 7.2 EPS for the current year.

Institutional Investors Weigh In On Aptiv

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zions Bancorporation National Association UT bought a new position in Aptiv during the 1st quarter worth about $26,000. 1248 Management LLC acquired a new position in shares of Aptiv during the first quarter worth about $28,000. Geneos Wealth Management Inc. boosted its position in shares of Aptiv by 452.3% during the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after buying an additional 398 shares during the period. Picton Mahoney Asset Management acquired a new stake in Aptiv in the 4th quarter valued at approximately $37,000. Finally, Mather Group LLC. lifted its stake in Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 385 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.