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

Aptiv PLC (NYSE:APTV) hit a new 52-week low on Thursday. The company traded as low as $38.81 and last traded at $39.0720, with a volume of 191,147 shares. The stock had previously closed at $39.41.

Analyst Ratings Changes

APTV has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of Aptiv from $77.00 to $66.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Zacks Research upgraded Aptiv from a “strong sell” rating to a “hold” rating in a report on Thursday, November 5th. Argus set a $64.00 price target on Aptiv in a report on Thursday, August 13th. Royal Bank Of Canada dropped their price objective on Aptiv from $77.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 4th. Finally, Deutsche Bank downgraded Aptiv from a “buy” rating to a “hold” rating and set a $56.00 price objective on the stock. in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.02.

Aptiv Stock Down 2.2%

The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 0.77 and a beta of 1.43. The firm’s fifty day moving average price is $43.79 and its two-hundred day moving average price is $58.40. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.97 and a quick ratio of 1.26.

Aptiv (NYSE:APTV) last issued its earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. Aptiv had a return on equity of 15.44% and a net margin of 4.60%. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the company posted $2.17 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts forecast that Aptiv PLC will post 5.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aptiv

Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in shares of Aptiv during the third quarter worth approximately $168,000. Private Wealth Asset Management LLC acquired a new position in Aptiv during the third quarter worth $774,000. Ieq Capital LLC raised its holdings in Aptiv by 1,702.6% during the third quarter. Ieq Capital LLC now owns 118,936 shares of the auto parts company’s stock worth $5,117,000 after buying an additional 112,338 shares during the last quarter. Focus Advisor Solutions LLC lifted its stake in shares of Aptiv by 386.6% in the third quarter. Focus Advisor Solutions LLC now owns 28,421 shares of the auto parts company’s stock valued at $1,223,000 after buying an additional 22,580 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Aptiv by 171.9% in the third quarter. Voya Investment Management LLC now owns 137,134 shares of the auto parts company’s stock valued at $5,900,000 after buying an additional 86,706 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

About Aptiv

Aptiv plc is a global automotive technology supplier that develops software, electrical systems and components for vehicle manufacturers. Its products and services support vehicle connectivity, safety, electrification and automation. The company’s offerings include vehicle electrical architectures, wiring and connection systems, advanced driver-assistance technologies, and software and computing platforms. Aptiv serves automakers and other customers across multiple regions worldwide. Aptiv took its current name in 2017, when Delphi Automotive separated its powertrain business, which became Delphi Technologies.