Aptiv (NYSE:APTV) Downgraded by StockNews.com

Aptiv (NYSE:APTV) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other analysts have also recently weighed in on APTV. JPMorgan Chase & Co. boosted their price objective on shares of Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Oppenheimer restated an “outperform” rating and issued a $145.00 price objective on shares of Aptiv in a research note on Tuesday. Barclays reduced their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Piper Sandler cut shares of Aptiv from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $78.00 to $63.00 in a research note on Wednesday, June 26th. Finally, Guggenheim boosted their price objective on shares of Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $100.92.

Aptiv Stock Performance

Aptiv stock opened at $71.75 on Friday. The firm’s 50 day simple moving average is $77.29 and its 200-day simple moving average is $78.62. The company has a market cap of $19.52 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79. 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 fifty-two week low of $65.13 and a fifty-two week high of $113.60.

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

Insider Transactions at Aptiv

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the sale, the director now owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Aptiv

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors acquired a new position in Aptiv during the 1st quarter valued at about $343,760,000. EdgePoint Investment Group Inc. acquired a new position in Aptiv during the 1st quarter valued at about $335,426,000. Norges Bank acquired a new position in Aptiv during the 4th quarter valued at about $302,902,000. Massachusetts Financial Services Co. MA lifted its position in Aptiv by 17.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock valued at $854,210,000 after purchasing an additional 1,405,569 shares during the period. Finally, Vanguard Group Inc. lifted its position in Aptiv by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock valued at $3,092,966,000 after purchasing an additional 1,265,774 shares during the period. 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.