Aptiv (NYSE:APTV) Downgraded by Guggenheim to Neutral

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

APTV has been the subject of several other reports. Royal Bank of Canada upped their price target on shares of Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Oppenheimer upped their price target on shares of Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Barclays increased their target price on shares of Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Hsbc Global Res upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Argus upgraded shares of Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.50.

Aptiv Trading Up 1.8%

NYSE APTV traded up $1.21 during trading on Wednesday, hitting $66.69. 1,430,254 shares of the company's stock traded hands, compared to its average volume of 3,497,189. The stock has a fifty day moving average of $59.58 and a two-hundred day moving average of $60.77. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv has a 12-month low of $47.19 and a 12-month high of $81.42. The firm has a market cap of $14.52 billion, a P/E ratio of 9.69, a PEG ratio of 0.62 and a beta of 1.47.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly 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. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The company's revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Aptiv will post 7.2 EPS for the current year.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares in the company, 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 SEC, which is available at this link. 0.45% of the stock is currently owned by company insiders.

Institutional Trading of Aptiv

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake in shares of Aptiv by 242.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company's stock valued at $509,366,000 after purchasing an additional 6,062,438 shares in the last quarter. AustralianSuper Pty Ltd bought a new position in shares of Aptiv during the first quarter valued at approximately $117,260,000. Pacer Advisors Inc. increased its stake in shares of Aptiv by 5,379.7% during the first quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company's stock valued at $113,489,000 after purchasing an additional 1,872,571 shares in the last quarter. Norges Bank bought a new position in shares of Aptiv during the fourth quarter valued at approximately $106,492,000. Finally, Pictet Asset Management Holding SA increased its stake in shares of Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock valued at $102,262,000 after purchasing an additional 1,539,724 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

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.