Aptiv (NYSE:APTV) Reaches New 12-Month Low – What’s Next?

Aptiv PLC (NYSE:APTV)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $62.33 and last traded at $62.97, with a volume of 164189 shares. The stock had previously closed at $69.07.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wolfe Research began coverage on shares of Aptiv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price for the company. The Goldman Sachs Group lowered their price objective on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Bank of America cut their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Robert W. Baird lowered their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $88.18.

Aptiv Stock Down 0.8 %

The stock’s fifty day simple moving average is $69.58 and its 200-day simple moving average is $72.41. The stock has a market cap of $14.98 billion, a P/E ratio of 4.26, a P/E/G ratio of 0.63 and a beta of 1.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the company posted $1.30 earnings per share. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, research analysts forecast that Aptiv PLC will post 6.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its holdings in Aptiv by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after buying an additional 1,764,844 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Aptiv by 13.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after acquiring an additional 905,431 shares during the last quarter. Capital World Investors acquired a new position in Aptiv during the first quarter valued at approximately $343,760,000. Clearbridge Investments LLC boosted its holdings in shares of Aptiv by 3.1% in the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock valued at $343,728,000 after purchasing an additional 131,431 shares in the last quarter. Finally, EdgePoint Investment Group Inc. bought a new position in shares of Aptiv in the 1st quarter valued at $335,426,000. 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.