Aptiv (NYSE:APTV) Shares Down 5.6% – Here’s What Happened

Aptiv PLC (NYSE:APTV)’s stock price traded down 5.6% during mid-day trading on Thursday . The company traded as low as $72.17 and last traded at $72.5170. 4,396,450 shares traded hands during mid-day trading, an increase of 50% from the average session volume of 2,926,508 shares. The stock had previously closed at $76.82.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank Of Canada decreased their price target on Aptiv from $104.00 to $81.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft reduced their price objective on Aptiv from $84.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. TD Cowen decreased their target price on Aptiv from $93.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. The Goldman Sachs Group began coverage on Aptiv in a report on Monday, April 13th. They issued a “buy” rating and a $74.00 price target for the company. Finally, Citigroup reduced their price target on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.85.

Aptiv Price Performance

The company has a 50 day moving average price of $60.79 and a 200 day moving average price of $71.63. The company has a market capitalization of $15.44 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 1.23 and a beta of 1.45. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Tuesday, May 5th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.09. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.69 earnings per share. Aptiv has set its FY 2026 guidance at 5.700-6.100 EPS and its Q2 2026 guidance at 1.300-1.500 EPS. As a group, equities research analysts forecast that Aptiv PLC will post 6.41 earnings per share for the current year.

Hedge Funds Weigh In On Aptiv

Several large investors have recently bought and sold shares of APTV. State Street Corp grew its holdings in Aptiv by 4.3% during the 4th quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock worth $765,976,000 after acquiring an additional 419,375 shares during the period. Norges Bank acquired a new stake in shares of Aptiv during the fourth quarter worth $634,961,000. Geode Capital Management LLC increased its holdings in Aptiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock valued at $441,289,000 after purchasing an additional 99,876 shares during the last quarter. Nordea Investment Management AB lifted its stake in Aptiv by 34.2% in the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after buying an additional 1,167,946 shares during the period. Finally, Impax Asset Management Group plc boosted its holdings in Aptiv by 54.5% during the third quarter. Impax Asset Management Group plc now owns 4,523,145 shares of the auto parts company’s stock worth $389,986,000 after buying an additional 1,595,276 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.