Aptiv (NYSE:APTV) Shares Gap Down to $74.24

Aptiv PLC (NYSE:APTV) gapped down before the market opened on Monday . The stock had previously closed at $74.24, but opened at $71.61. Aptiv shares last traded at $71.37, with a volume of 188,520 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on APTV. Citigroup decreased their price objective on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 12th. UBS Group decreased their price target on Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. upped their price objective on Aptiv from $104.00 to $107.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Wolfe Research began coverage on Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price for the company. Finally, Oppenheimer reiterated an “outperform” rating and issued a $145.00 price target on shares of Aptiv in a report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $95.31.

Aptiv Stock Performance

The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average is $69.58 and its two-hundred day moving average is $73.78. The stock has a market capitalization of $19.62 billion, a P/E ratio of 7.00, a P/E/G ratio of 0.65 and a beta of 1.79.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The business had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Aptiv PLC will post 6.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Aptiv

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Broderick Brian C raised its stake in shares of Aptiv by 0.6% in the 1st quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock worth $1,731,000 after buying an additional 132 shares in the last quarter. Signaturefd LLC raised its position in Aptiv by 6.2% in the second quarter. Signaturefd LLC now owns 2,682 shares of the auto parts company’s stock worth $189,000 after acquiring an additional 156 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in Aptiv by 27.3% in the 1st quarter. Lindbrook Capital LLC now owns 812 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 174 shares during the last quarter. Jacobi Capital Management LLC boosted its position in shares of Aptiv by 1.7% during the 4th quarter. Jacobi Capital Management LLC now owns 11,700 shares of the auto parts company’s stock valued at $1,050,000 after purchasing an additional 200 shares in the last quarter. Finally, Crewe Advisors LLC grew its stake in shares of Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

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.