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

Shares of Aptiv PLC (NYSE:APTV) reached 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 trading hands. The stock had previously closed at $71.94.

APTV has been the subject of several other research reports. UBS Group boosted their target price on Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Royal Bank of Canada lowered their target price on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Robert W. Baird downgraded Aptiv from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Oppenheimer lowered their price objective on Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Finally, Morgan Stanley downgraded Aptiv from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $90.00 to $74.00 in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.36.

Insider Buying and Selling at Aptiv

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

Institutional Trading of Aptiv

Large investors have recently modified their holdings of the stock. Gradient Investments LLC grew its position in shares of Aptiv by 36.1% during the 4th quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock worth $13,902,000 after buying an additional 41,135 shares during the period. International Assets Investment Management LLC acquired a new stake in Aptiv in the 4th quarter valued at $13,120,000. Douglas Lane & Associates LLC grew its position in Aptiv by 20.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company’s stock valued at $33,973,000 after purchasing an additional 65,354 shares during the period. Zenyatta Capital Management LP grew its position in Aptiv by 53.8% in the 4th quarter. Zenyatta Capital Management LP now owns 50,000 shares of the auto parts company’s stock valued at $4,486,000 after purchasing an additional 17,500 shares during the period. Finally, Banque Pictet & Cie SA grew its position in Aptiv by 1.0% in the 3rd quarter. Banque Pictet & Cie SA now owns 67,036 shares of the auto parts company’s stock valued at $6,609,000 after purchasing an additional 670 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Trading Down 3.6 %

The firm’s 50-day moving average is $77.91 and its 200-day moving average is $82.67. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. The firm has a market cap of $18.91 billion, a price-to-earnings ratio of 6.69, a P/E/G ratio of 0.94 and a beta of 1.90.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. As a group, sell-side analysts anticipate that Aptiv PLC will post 5.66 EPS for the current fiscal year.

About Aptiv

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.