Aptiv (NYSE:APTV) Shares Gap Down – Here’s What Happened

Aptiv PLC (NYSE:APTV) shares gapped down before the market opened on Monday . The stock had previously closed at $62.42, but opened at $56.77. Aptiv shares last traded at $58.44, with a volume of 1,124,281 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and lifted their target price for the company from $63.00 to $77.00 in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Finally, Morgan Stanley lowered their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Aptiv Stock Performance

The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The firm’s 50 day moving average is $59.79 and its 200-day moving average is $64.27. The company has a market cap of $14.43 billion, a PE ratio of 6.85, a PEG ratio of 0.55 and a beta of 1.74.

Institutional Trading of Aptiv

Several large investors have recently added to or reduced their stakes in APTV. Northwestern Mutual Wealth Management Co. boosted its position in shares of Aptiv by 35.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,169 shares of the auto parts company’s stock valued at $716,000 after acquiring an additional 2,677 shares during the last quarter. Cetera Investment Advisers raised its stake in Aptiv by 8.8% during the second quarter. Cetera Investment Advisers now owns 35,658 shares of the auto parts company’s stock worth $2,511,000 after purchasing an additional 2,895 shares during the period. Sanctuary Advisors LLC acquired a new position in Aptiv in the 2nd quarter valued at about $1,868,000. Czech National Bank grew its stake in shares of Aptiv by 4.4% in the 3rd quarter. Czech National Bank now owns 54,138 shares of the auto parts company’s stock valued at $3,898,000 after buying an additional 2,293 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after buying an additional 176 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

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.