Aptiv (NYSE:APTV) Shares Down 5.1% – Should You Sell?

Shares of Aptiv PLC (NYSE:APTV) were down 5.1% during trading on Tuesday. The stock traded as low as $42.58 and last traded at $41.98. Approximately 1,822,692 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 3,249,964 shares. The stock had previously closed at $44.23.

Key Stories Impacting Aptiv

Here are the key news stories impacting Aptiv this week:

• Positive Sentiment: BNP Paribas Exane reaffirmed its Outperform rating, and TD Cowen retained Buy despite reducing its target to $72 from $77. BNP Paribas Exane rating TD Cowen target update
• Neutral Sentiment: Analysts’ revised targets remain above the current share price, and several firms maintained positive ratings. However, the scale of the reductions signals more cautious valuation assumptions. Aptiv valuation and third-quarter results
• Negative Sentiment: Goldman Sachs cut its target to $54 from $61 while retaining Buy; Morgan Stanley lowered its target to $45 from $55 and kept Equal Weight. RBC reduced its target to $64 from $77 but maintained Outperform. BNP Paribas Exane lowered its target to $59 from $63, and Barclays cut its target to $53 from $60 while retaining Overweight. The cluster of cuts may weigh on sentiment even though most firms still see upside. Goldman Sachs target update Morgan Stanley target update RBC target update

Wall Street Analyst Weigh In

A number of brokerages have commented on APTV. Benchmark raised shares of Aptiv to a “strong-buy” rating in a research note on Wednesday, September 9th. Evercore reiterated an “outperform” rating and set a $70.00 price objective on shares of Aptiv in a report on Monday, August 10th. Weiss Ratings downgraded Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Fox Advisors lowered shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Wednesday, August 5th. Finally, Zacks Research lowered shares of Aptiv from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.45.

Aptiv Price Performance

The company has a current ratio of 1.97, a quick ratio of 1.33 and a debt-to-equity ratio of 0.61. The firm’s fifty day moving average price is $44.25 and its 200 day moving average price is $59.16. The firm has a market capitalization of $8.49 billion, a PE ratio of 11.27, a P/E/G ratio of 0.80 and a beta of 1.43.

Aptiv (NYSE:APTV) last posted its earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.09. Aptiv had a net margin of 4.60% and a return on equity of 15.44%. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the business posted $2.17 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts forecast that Aptiv PLC will post 5.68 earnings per share for the current year.

Institutional Trading of Aptiv

Several institutional investors have recently modified their holdings of APTV. Ameritas Advisory Services LLC purchased a new stake in Aptiv during the 2nd quarter worth approximately $29,000. Eastern Bank raised its holdings in shares of Aptiv by 702.9% during the 2nd quarter. Eastern Bank now owns 546 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 478 shares during the period. Evelyn Partners Investment Management Services Ltd boosted its holdings in Aptiv by 108.7% in the 1st quarter. Evelyn Partners Investment Management Services Ltd now owns 576 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 300 shares during the last quarter. Provenance Wealth Advisors LLC lifted its holdings in Aptiv by 9,171.4% in the third quarter. Provenance Wealth Advisors LLC now owns 649 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 642 shares during the last quarter. Finally, Root Financial Partners LLC grew its holdings in shares of Aptiv by 62.2% during the 1st quarter. Root Financial Partners LLC now owns 709 shares of the auto parts company’s stock worth $49,000 after purchasing an additional 272 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Company Profile

Aptiv PLC (NYSE: APTV) is a global automotive technology company that develops systems and software intended to make vehicles safer, more connected and increasingly automated. Its solutions are used by automakers in passenger vehicles and commercial vehicles worldwide.

The company’s product portfolio includes advanced driver-assistance and active-safety systems, vehicle computing platforms, infotainment and connectivity technologies, automated-driving solutions, and electrical and electronic distribution systems.