Aptiv (NYSE:APTV) Downgraded to Equal Weight at Fox Advisors

Aptiv (NYSE:APTV) was downgraded by equities researchers at Fox Advisors from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Tuesday, Briefing.com reports.

A number of other research firms also recently commented on APTV. UBS Group dropped their price objective on Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. JPMorgan Chase & Co. lifted 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. Citigroup dropped their target price on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $78.00 to $87.00 in a research report on Friday, September 20th. Finally, Wolfe Research assumed coverage on shares of Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.31.

Aptiv Trading Down 3.0 %

Shares of APTV opened at $72.01 on Tuesday. Aptiv has a fifty-two week low of $63.62 and a fifty-two week high of $99.31. The stock has a fifty day moving average of $69.62 and a two-hundred day moving average of $73.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49. The company has a market capitalization of $19.59 billion, a PE ratio of 6.79, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79.

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

Institutional Investors Weigh In On Aptiv

Several hedge funds and other institutional investors have recently bought and sold shares of APTV. Vanguard Group Inc. increased its stake in shares of Aptiv by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock worth $2,843,905,000 after buying an additional 325,550 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after acquiring an additional 1,764,844 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Aptiv by 13.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after acquiring an additional 905,431 shares during the period. Capital World Investors bought a new position in shares of Aptiv during the first quarter valued at approximately $343,760,000. Finally, Clearbridge Investments LLC raised its position in shares of Aptiv by 3.1% during the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock worth $343,728,000 after purchasing an additional 131,431 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

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.