Aptiv (NYSE:APTV) Cut to “Equal Weight” at Fox Advisors

Fox Advisors lowered shares of Aptiv (NYSE:APTV) from an overweight rating to an equal weight rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports.

Several other brokerages have also issued reports on APTV. Wall Street Zen lowered Aptiv from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. TD Cowen reissued a “buy” rating on shares of Aptiv in a research report on Friday, June 12th. Royal Bank Of Canada increased their target price on shares of Aptiv from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Weiss Ratings upgraded shares of Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Finally, Citigroup decreased their price target on Aptiv from $92.33 to $77.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Nineteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Aptiv Trading Up 6.8%

Shares of APTV stock opened at $49.46 on Wednesday. The stock has a 50 day simple moving average of $60.88 and a 200 day simple moving average of $65.70. The stock has a market cap of $10.27 billion, a P/E ratio of 46.66, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. The company has a current ratio of 2.02, a quick ratio of 1.57 and a debt-to-equity ratio of 0.61. Aptiv has a 1 year low of $46.16 and a 1 year high of $88.93.

Aptiv (NYSE:APTV) last released its earnings results on Tuesday, August 4th. The auto parts company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.21. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Aptiv had a return on equity of 17.10% and a net margin of 1.17%.The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.12 earnings per share. Aptiv has set its FY 2026 guidance at 5.600-5.800 EPS and its Q3 2026 guidance at 1.250-1.350 EPS. On average, research analysts predict that Aptiv will post 5.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the sale, the executive vice president owned 163,752 shares in the company, valued at $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.06% of the stock is owned by insiders.

Institutional Trading of Aptiv

A number of hedge funds have recently modified their holdings of the business. Firetrail Investments PTY Ltd. purchased a new stake in shares of Aptiv in the second quarter worth $9,649,000. Plato Investment Management Ltd bought a new position in shares of Aptiv in the 2nd quarter worth approximately $622,000. Bank of New York Mellon Corp purchased a new position in Aptiv during the second quarter valued at approximately $61,065,000. Wedge Capital Management L L P NC lifted its holdings in shares of Aptiv by 32.4% in the second quarter. Wedge Capital Management L L P NC now owns 197,161 shares of the auto parts company’s stock worth $12,102,000 after buying an additional 48,247 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Aptiv by 8.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 67,400 shares of the auto parts company’s stock valued at $4,137,000 after purchasing an additional 5,100 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

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.