Aptiv (NYSE:APTV) Hits New 12-Month Low After Analyst Downgrade

Aptiv PLC (NYSE:APTV - Get Free Report) hit a new 52-week low 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 changing hands. The stock had previously closed at $71.94.

A number of other research firms have also recently issued reports on APTV. Oppenheimer decreased their target price on Aptiv from $149.00 to $148.00 and set an "outperform" rating for the company in a research note on Thursday, February 1st. JPMorgan Chase & Co. dropped their target price on shares of Aptiv from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, January 25th. Piper Sandler reduced their price target on shares of Aptiv from $80.00 to $79.00 and set a "neutral" rating for the company in a report on Thursday, February 1st. Citigroup dropped their price objective on shares of Aptiv from $150.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, February 1st. Finally, Barclays reduced their target price on shares of Aptiv from $112.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Aptiv has an average rating of "Moderate Buy" and a consensus price target of $110.36.

Insider Transactions at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the business'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 sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.34% of the company's stock.

Institutional Trading of Aptiv

Several institutional investors have recently added to or reduced their stakes in APTV. Riverview Trust Co bought a new position in Aptiv in the 1st quarter valued at about $25,000. Salem Investment Counselors Inc. grew its position in Aptiv by 176.0% in the second quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company's stock valued at $25,000 after acquiring an additional 176 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Aptiv in the fourth quarter worth about $29,000. FWL Investment Management LLC bought a new stake in shares of Aptiv during the 4th quarter valued at approximately $30,000. Finally, GAMMA Investing LLC bought a new stake in shares of Aptiv during the fourth quarter worth $32,000. 94.21% of the stock is currently owned by institutional investors.

Aptiv Stock Performance

The company has a fifty day moving average of $78.16 and a two-hundred day moving average of $82.76. The company has a market cap of $18.91 billion, a price-to-earnings ratio of 6.75, a P/E/G ratio of 0.94 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72.

Aptiv (NYSE:APTV - Get Free Report) last announced its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. Equities research analysts anticipate that Aptiv PLC will post 5.66 EPS for the current 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.