Aptiv (NYSE:APTV) Sets New 1-Year Low - Here's What Happened

Key Points

• Aptiv hit a new 52-week low, trading as low as $38.81 on Thursday, down 2.2% for the session.
• Several analysts recently cut their price targets, though the consensus rating remains Moderate Buy with an average target of $69.02.
• Quarterly results beat estimates: EPS was $1.42 versus $1.33 expected, while revenue reached $3.20 billion and grew 2.3% year over year.

Aptiv PLC (NYSE:APTV - Get Free Report)'s share price reached a new 52-week low during trading on Thursday. The stock traded as low as $38.81 and last traded at $39.0720, with a volume of 191,147 shares trading hands. The stock had previously closed at $39.41.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on APTV shares. Wells Fargo & Company lowered their target price on Aptiv from $77.00 to $66.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Aptiv from a "strong sell" rating to a "hold" rating in a research note on Thursday, November 5th. UBS Group dropped their price objective on shares of Aptiv from $62.00 to $57.00 and set a "buy" rating for the company in a research note on Wednesday, October 7th. BNP Paribas Exane reaffirmed an "outperform" rating and set a $59.00 target price (down from $63.00) on shares of Aptiv in a report on Wednesday, November 4th. Finally, Barclays dropped their price target on shares of Aptiv from $60.00 to $53.00 and set an "overweight" rating for the company in a research report on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $69.02.

Aptiv Trading Down 2.2%

The stock has a market cap of $7.80 billion, a P/E ratio of 10.60, a PEG ratio of 0.77 and a beta of 1.43. The company has a quick ratio of 1.26, a current ratio of 1.97 and a debt-to-equity ratio of 0.61. The business's 50 day simple moving average is $43.79 and its two-hundred day simple moving average is $58.40.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.33 by $0.09. Aptiv had a return on equity of 15.44% and a net margin of 4.60%. The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the company earned $2.17 earnings per share. The business's quarterly revenue was up 2.3% on a year-over-year basis. As a group, analysts expect that Aptiv PLC will post 5.64 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of APTV. Allspring Global Investments Holdings LLC raised its position in shares of Aptiv by 3.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,029,539 shares of the auto parts company's stock worth $210,371,000 after acquiring an additional 113,633 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Aptiv by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,559,767 shares of the auto parts company's stock valued at $177,695,000 after purchasing an additional 27,043 shares during the period. First Trust Advisors LP increased its position in Aptiv by 23.1% during the 1st quarter. First Trust Advisors LP now owns 2,394,019 shares of the auto parts company's stock valued at $166,241,000 after purchasing an additional 449,145 shares during the period. Amundi raised its holdings in Aptiv by 10.2% during the 1st quarter. Amundi now owns 1,690,677 shares of the auto parts company's stock worth $117,401,000 after purchasing an additional 156,956 shares during the last quarter. Finally, Perpetual Ltd raised its holdings in Aptiv by 9.0% during the 3rd quarter. Perpetual Ltd now owns 2,602,895 shares of the auto parts company's stock worth $111,977,000 after purchasing an additional 213,977 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Company Profile

Aptiv plc is a global automotive technology supplier that develops software, electrical systems and components for vehicle manufacturers. Its products and services support vehicle connectivity, safety, electrification and automation. The company's offerings include vehicle electrical architectures, wiring and connection systems, advanced driver-assistance technologies, and software and computing platforms. Aptiv serves automakers and other customers across multiple regions worldwide. Aptiv took its current name in 2017, when Delphi Automotive separated its powertrain business, which became Delphi Technologies.

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