Aptiv (NYSE:APTV) Hits New 12-Month Low – Time to Sell?

Aptiv PLC (NYSE:APTV)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company 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

A number of equities research analysts recently issued reports on APTV shares. Argus upgraded shares of Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Barclays raised their price target on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 7th. 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 report on Friday, February 7th. Royal Bank of Canada raised their price objective on shares of Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Piper Sandler raised their price objective on shares of Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.61.

Aptiv Stock Up 10.2 %

The firm has a market cap of $12.48 billion, a P/E ratio of 7.91, a P/E/G ratio of 0.62 and a beta of 1.64. 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 firm’s fifty day moving average is $62.43 and its 200 day moving average is $62.05.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating 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, equities research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal 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 completion of the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aptiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA boosted its stake in Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after acquiring an additional 1,517,104 shares in the last quarter. FMR LLC raised its position in Aptiv by 1.7% in the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company’s stock worth $470,247,000 after acquiring an additional 126,882 shares during the period. Franklin Resources Inc. raised its position in shares of Aptiv by 29.7% in the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $371,767,000 after purchasing an additional 1,408,433 shares during the period. Victory Capital Management Inc. raised its position in shares of Aptiv by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock valued at $234,799,000 after purchasing an additional 223,831 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Aptiv by 19.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock valued at $172,117,000 after purchasing an additional 468,069 shares during the period. 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.