Aptiv (NYSE:APTV) Sets New 1-Year Low – Here’s What Happened

Aptiv PLC (NYSE:APTV)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $47.78 and last traded at $54.41, with a volume of 7430370 shares traded. The stock had previously closed at $49.36.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on APTV shares. UBS Group reiterated a “neutral” rating and issued a $58.00 price objective (down from $91.00) on shares of Aptiv in a research note on Thursday. Evercore ISI decreased their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Raymond James restated a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Barclays raised their price objective on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.78.

Aptiv Trading Down 2.9 %

The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The business’s 50 day simple moving average is $61.94 and its 200 day simple moving average is $61.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Aptiv

Hedge funds and other institutional investors have recently modified their holdings of the stock. South Dakota Investment Council increased its stake in Aptiv by 32.9% in the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after purchasing an additional 31,941 shares in the last quarter. Focus Financial Network Inc. acquired a new position in shares of Aptiv during the 4th quarter worth $379,000. Shorepath Capital Management LLC boosted its position in shares of Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after buying an additional 11,835 shares in the last quarter. Diametric Capital LP acquired a new stake in Aptiv in the 4th quarter valued at about $972,000. Finally, abrdn plc purchased a new position in Aptiv during the 4th quarter valued at about $30,374,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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.