Aptiv (NYSE:APTV) Hits New 1-Year Low – Here’s Why

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on APTV shares. Oppenheimer raised their price target on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Barclays boosted their target price on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Wells Fargo & Company raised their price target on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Robert W. Baird raised shares of Aptiv from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $75.00 to $82.00 in a research report on Monday, January 27th. Finally, UBS Group restated a “neutral” rating and set a $58.00 target price (down previously from $91.00) on shares of Aptiv in a research report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.78.

Aptiv Trading Down 2.9 %

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The company has a market capitalization of $11.01 billion, a PE ratio of 6.98, a P/E/G ratio of 0.62 and a beta of 1.64. The business has a fifty day moving average price of $61.94 and a 200 day moving average price of $61.74.

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

Insider Activity at Aptiv

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

Hedge Funds Weigh In On Aptiv

A number of institutional investors and hedge funds have recently bought and sold shares of APTV. Covestor Ltd boosted its stake in shares of Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 186 shares during the period. Boston Common Asset Management LLC boosted its position in Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after buying an additional 188 shares during the last quarter. Horizon Investments LLC grew its stake in shares of Aptiv by 6.1% during the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock valued at $231,000 after acquiring an additional 219 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Aptiv by 0.5% during the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company’s stock worth $3,128,000 after acquiring an additional 248 shares during the last quarter. Finally, Westpac Banking Corp lifted its stake in shares of Aptiv by 21.9% in the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

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.