Aptiv (NYSE:APTV) Stock Moved Down to “Neutral” by Daiwa Securities Group

Aptiv (NYSE:APTV) was downgraded by equities research analysts at Daiwa Securities Group from an “outperform” rating to a “neutral” rating in a report released on Friday, FinViz reports. They currently have a $41.00 target price on the auto parts company’s stock. Daiwa Securities Group‘s price target would indicate a potential upside of 5.62% from the stock’s current price.

APTV has been the subject of several other reports. The Goldman Sachs Group dropped their target price on Aptiv from $61.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, November 4th. UBS Group lowered their price target on Aptiv from $62.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Evercore reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Aptiv in a research note on Monday, August 10th. HSBC lowered shares of Aptiv from a “strong-buy” rating to a “hold” rating in a report on Friday, November 6th. Finally, Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.75.

Aptiv Stock Down 1.5%

Shares of NYSE APTV opened at $38.82 on Friday. Aptiv has a 1 year low of $38.38 and a 1 year high of $88.93. The firm’s 50 day moving average price is $43.67 and its 200 day moving average price is $58.21. The firm has a market cap of $7.86 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 0.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.26 and a current ratio of 1.97.

Aptiv (NYSE:APTV) last released its earnings results on Tuesday, November 3rd. The auto parts company reported $1.42 EPS for the quarter, topping 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 company earned $2.17 EPS. Aptiv’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Aptiv will post 5.64 earnings per share for the current year.

Institutional Investors Weigh In On Aptiv

Institutional investors have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Aptiv by 5.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,338,309 shares of the auto parts company’s stock worth $487,774,000 after purchasing an additional 541,918 shares during the period. Allspring Global Investments Holdings LLC increased its position in Aptiv by 3.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,029,539 shares of the auto parts company’s stock worth $210,371,000 after purchasing an additional 113,633 shares in the last quarter. Perpetual Ltd increased its position in Aptiv by 9.0% during the 3rd quarter. Perpetual Ltd now owns 2,602,895 shares of the auto parts company’s stock worth $111,977,000 after purchasing an additional 213,977 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Aptiv by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,559,767 shares of the auto parts company’s stock valued at $177,695,000 after buying an additional 27,043 shares during the period. Finally, First Trust Advisors LP raised its holdings in Aptiv by 23.1% in the first quarter. First Trust Advisors LP now owns 2,394,019 shares of the auto parts company’s stock valued at $166,241,000 after buying an additional 449,145 shares during the period. Hedge funds and other 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.