Aptiv (NYSE:APTV) Stock Rating Lowered by StockNews.com

Aptiv (NYSE:APTV) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Guggenheim boosted their price objective on Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Barclays decreased their price objective on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Robert W. Baird boosted their price objective on Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Oppenheimer decreased their price objective on Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $105.08.

Aptiv Price Performance

Shares of APTV opened at $68.98 on Wednesday. The company has a market capitalization of $18.77 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 0.70 and a beta of 1.87. The business has a 50-day moving average of $77.61 and a 200-day moving average of $79.82. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. Aptiv has a 1 year low of $65.13 and a 1 year high of $113.60.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. The business had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. As a group, equities research analysts anticipate that Aptiv will post 6.01 earnings per share for the current year.

Insiders Place Their Bets

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total value of $30,330.12. Following the transaction, the director now owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its stake in shares of Aptiv by 6.3% in the fourth quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock valued at $40,881,000 after buying an additional 26,933 shares during the period. Gradient Investments LLC raised its stake in shares of Aptiv by 36.1% in the fourth quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock valued at $13,902,000 after buying an additional 41,135 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Aptiv in the fourth quarter valued at $13,120,000. FIFTHDELTA Ltd bought a new stake in shares of Aptiv in the fourth quarter valued at $50,767,000. Finally, Trillium Asset Management LLC raised its stake in shares of Aptiv by 33.1% in the fourth quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock valued at $32,411,000 after buying an additional 89,786 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

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.