Aptiv (NYSE:APTV) Sets New 52-Week Low – Time to Sell?

Shares of Aptiv PLC (NYSE:APTV) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $62.33 and last traded at $62.97, with a volume of 164189 shares changing hands. The stock had previously closed at $69.07.

Analyst Ratings Changes

A number of brokerages have recently weighed in on APTV. Robert W. Baird reduced their price target on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Oppenheimer reissued an “outperform” rating and set a $145.00 price target on shares of Aptiv in a research report on Tuesday, July 9th. Evercore ISI reduced their price target on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, StockNews.com began coverage on shares of Aptiv in a research report on Saturday, October 26th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.50.

Aptiv Stock Down 15.4 %

The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 0.47. The firm’s 50 day simple moving average is $70.16 and its 200-day simple moving average is $72.63. The stock has a market capitalization of $15.90 billion, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same period in the previous year, the business earned $1.25 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. Equities analysts expect that Aptiv PLC will post 6.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Independence Bank of Kentucky bought a new position in shares of Aptiv in the 2nd quarter valued at about $25,000. Crewe Advisors LLC grew its position in shares of Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 215 shares during the period. Clearstead Trust LLC grew its position in shares of Aptiv by 305.0% in the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 305 shares during the period. Wolff Wiese Magana LLC grew its position in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Aptiv in the 2nd quarter valued at about $38,000. Institutional investors own 94.21% of the company’s stock.

About Aptiv

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.