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

Aptiv PLC (NYSE:APTV) reached a new 52-week low on Friday after Morgan Stanley lowered their price target on the stock from $68.00 to $60.00. Morgan Stanley currently has an underweight rating on the stock. Aptiv traded as low as $52.14 and last traded at $52.27, with a volume of 1650102 shares trading hands. The stock had previously closed at $54.03.

A number of other brokerages also recently commented on APTV. Deutsche Bank Aktiengesellschaft reduced their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada decreased their price target on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. StockNews.com initiated coverage on shares of Aptiv in a research note on Monday, November 11th. They issued a “hold” rating for the company. JPMorgan Chase & Co. upped their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Oppenheimer decreased their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $86.53.

Institutional Trading of Aptiv

A number of institutional investors have recently modified their holdings of the company. Empowered Funds LLC grew its stake in Aptiv by 81.2% in the first quarter. Empowered Funds LLC now owns 5,334 shares of the auto parts company’s stock valued at $425,000 after purchasing an additional 2,390 shares in the last quarter. ProShare Advisors LLC grew its holdings in Aptiv by 2.9% during the first quarter. ProShare Advisors LLC now owns 54,339 shares of the auto parts company’s stock worth $4,328,000 after purchasing an additional 1,536 shares during the period. Orion Portfolio Solutions LLC increased its position in Aptiv by 7.4% during the first quarter. Orion Portfolio Solutions LLC now owns 32,043 shares of the auto parts company’s stock worth $2,552,000 after buying an additional 2,200 shares during the last quarter. M&G Plc acquired a new stake in shares of Aptiv in the first quarter valued at approximately $8,337,000. Finally, Clearstead Trust LLC boosted its stake in shares of Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 305 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Aptiv Price Performance

The firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 5.91, a price-to-earnings-growth ratio of 0.50 and a beta of 1.81. The business has a fifty day moving average of $66.82 and a two-hundred day moving average of $71.48. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the firm earned $1.30 EPS. The business’s revenue was down 5.1% on a year-over-year basis. As a group, research analysts predict that Aptiv PLC will post 6.18 EPS for the current fiscal 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.