Aptiv (NYSE:APTV) Downgraded to Underweight at Piper Sandler

Piper Sandler lowered shares of Aptiv (NYSE:APTV) from a neutral rating to an underweight rating in a research report released on Wednesday morning, MarketBeat reports. Piper Sandler currently has $63.00 price objective on the auto parts company’s stock, down from their previous price objective of $78.00.

A number of other equities analysts have also issued reports on the stock. Robert W. Baird increased their target price on shares of Aptiv from $86.00 to $90.00 and gave the company a neutral rating in a research report on Friday, May 3rd. StockNews.com raised Aptiv from a hold rating to a buy rating in a report on Wednesday, June 12th. Guggenheim upped their target price on Aptiv from $92.00 to $94.00 and gave the stock a buy rating in a research report on Wednesday, May 8th. Wells Fargo & Company lowered their price target on Aptiv from $83.00 to $82.00 and set an equal weight rating on the stock in a research report on Tuesday, June 25th. Finally, UBS Group upped their price objective on Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average price target of $105.08.

Aptiv Price Performance

NYSE APTV opened at $70.42 on Wednesday. The company has a 50-day moving average price of $77.61 and a two-hundred day moving average price of $79.67. Aptiv has a 52 week low of $65.13 and a 52 week high of $113.60. The stock has a market cap of $19.16 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 0.66 and a beta of 1.87. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. Analysts forecast that Aptiv will post 6.01 EPS for the current year.

Insider Buying and Selling at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the transaction, the director now directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of APTV. Riverview Trust Co purchased a new position in Aptiv during the 1st quarter valued at about $25,000. Hazlett Burt & Watson Inc. purchased a new position in Aptiv during the first quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in Aptiv in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC purchased a new stake in Aptiv in the 4th quarter worth approximately $32,000. Finally, Clearstead Trust LLC boosted its stake in shares of Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after buying an additional 305 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Company Profile

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.