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

Aptiv PLC (NYSE:APTV)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $51.16 and last traded at $51.86, with a volume of 529387 shares trading hands. The stock had previously closed at $55.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Argus raised Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Guggenheim reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. Barclays boosted their target price on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Oppenheimer raised 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, Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average target price of $86.61.

Aptiv Trading Down 6.0 %

The firm’s 50-day simple moving average is $63.75 and its 200 day simple moving average is $62.80. The firm has a market cap of $11.94 billion, a P/E ratio of 7.55, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

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

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction that occurred on 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 directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Aptiv

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Picton Mahoney Asset Management bought a new stake in shares of Aptiv during the 4th quarter valued at $37,000. Versant Capital Management Inc grew its holdings in Aptiv by 201.7% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company’s stock valued at $42,000 after buying an additional 470 shares in the last quarter. CENTRAL TRUST Co increased its position in shares of Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after buying an additional 677 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Aptiv by 164.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company’s stock valued at $81,000 after buying an additional 848 shares during the period. Finally, GeoWealth Management LLC lifted its holdings in shares of Aptiv by 203.2% in the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock worth $92,000 after buying an additional 1,022 shares in the last quarter. 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.