Aptiv (NYSE:APTV) Cut to Neutral at Guggenheim

Guggenheim cut shares of Aptiv (NYSE:APTV) from a buy rating to a neutral rating in a research note published on Wednesday morning, MarketBeat reports.

APTV has been the subject of several other research reports. Argus raised shares of Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. Evercore ISI decreased their price target on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. UBS Group lifted their price target on shares of Aptiv from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Oppenheimer lifted their price target on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average target price of $82.50.

Aptiv Stock Up 1.8%

Shares of NYSE:APTV opened at $66.69 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv has a 12 month low of $47.19 and a 12 month high of $81.87. The company has a 50-day moving average price of $59.58 and a 200 day moving average price of $60.77. The company has a market cap of $14.52 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 0.62 and a beta of 1.47.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the firm earned $1.16 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Aptiv will post 7.2 earnings per share for the current year.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of APTV. Goldman Sachs Group Inc. raised its position in shares of Aptiv by 242.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,560,781 shares of the auto parts company’s stock worth $509,366,000 after acquiring an additional 6,062,438 shares during the period. AustralianSuper Pty Ltd acquired a new position in shares of Aptiv in the first quarter worth about $117,260,000. Pacer Advisors Inc. raised its position in shares of Aptiv by 5,379.7% in the first quarter. Pacer Advisors Inc. now owns 1,907,379 shares of the auto parts company’s stock worth $113,489,000 after acquiring an additional 1,872,571 shares during the period. Norges Bank acquired a new position in shares of Aptiv in the fourth quarter worth about $106,492,000. Finally, Pictet Asset Management Holding SA raised its position in shares of Aptiv by 1,018.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock worth $102,262,000 after acquiring an additional 1,539,724 shares during the period. Institutional investors and hedge funds 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.