Aptiv (NYSE:APTV) Hits New 1-Year Low Following Analyst Downgrade

Aptiv PLC (NYSE:APTV) shares reached 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.

Other equities analysts have also issued research reports about the stock. Oppenheimer cut their target price on shares of Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Barclays cut their target price on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Royal Bank of Canada cut their target price on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. UBS Group increased their target price on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Finally, Piper Sandler lowered their price target on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.36.

Insider Activity at Aptiv

In related 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 value of $1,451,249.20. Following the sale, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of APTV. Raymond James Financial Services Advisors Inc. grew its position in Aptiv by 5.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,839 shares of the auto parts company’s stock valued at $1,657,000 after acquiring an additional 732 shares during the last quarter. Panagora Asset Management Inc. grew its position in Aptiv by 127.8% during the first quarter. Panagora Asset Management Inc. now owns 10,798 shares of the auto parts company’s stock valued at $1,293,000 after acquiring an additional 6,057 shares during the last quarter. Synovus Financial Corp grew its position in Aptiv by 15.0% during the first quarter. Synovus Financial Corp now owns 3,395 shares of the auto parts company’s stock valued at $406,000 after acquiring an additional 443 shares during the last quarter. Cibc World Market Inc. grew its position in Aptiv by 25.4% during the first quarter. Cibc World Market Inc. now owns 5,600 shares of the auto parts company’s stock valued at $670,000 after acquiring an additional 1,133 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Aptiv by 32.6% during the first quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company’s stock valued at $268,000 after acquiring an additional 551 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Price Performance

The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The business’s 50-day simple moving average is $78.16 and its 200 day simple moving average is $82.76. The firm has a market capitalization of $19.03 billion, a P/E ratio of 6.75, a PEG ratio of 0.94 and a beta of 1.90.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.95 billion. Sell-side analysts forecast that Aptiv PLC will post 5.66 earnings per share for the current year.

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.