Aptiv (NYSE:APTV) Cut to Neutral at Guggenheim

Guggenheim lowered shares of Aptiv (NYSE:APTV - Free Report) from a buy rating to a neutral rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports.

APTV has been the subject of several other research reports. Robert W. Baird decreased their target price on Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Hsbc Global Res upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Morgan Stanley dropped their target price on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target for the company in a research report on Friday, February 7th. Finally, UBS Group raised their price objective on Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $82.50.

Aptiv Trading Down 0.7%

APTV traded down $0.43 on Wednesday, hitting $65.45. The company had a trading volume of 1,930,923 shares, compared to its average volume of 3,494,522. The company's fifty day moving average price is $59.31 and its 200 day moving average price is $60.58. Aptiv has a 1 year low of $47.19 and a 1 year high of $84.22. The firm has a market cap of $14.25 billion, a P/E ratio of 9.51, a PEG ratio of 0.62 and a beta of 1.44. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the previous year, the firm posted $1.16 EPS. Aptiv's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities analysts expect that Aptiv will post 7.2 earnings per share for the current year.

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at $8,203,023.50. This trade represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.45% of the company's stock.

Institutional Trading of Aptiv

Hedge funds have recently bought and sold shares of the company. Zions Bancorporation National Association UT bought a new stake in shares of Aptiv during the first quarter valued at approximately $26,000. 1248 Management LLC acquired a new stake in Aptiv in the 1st quarter valued at approximately $28,000. Geneos Wealth Management Inc. raised its stake in Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company's stock valued at $29,000 after acquiring an additional 398 shares in the last quarter. Picton Mahoney Asset Management bought a new position in shares of Aptiv in the fourth quarter worth $37,000. Finally, Mather Group LLC. increased its holdings in shares of Aptiv by 155.2% during the first quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after purchasing an additional 385 shares during the period. 94.21% of the stock is currently owned by institutional investors.

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.