Fox Advisors Downgrades Aptiv (NYSE:APTV) to Equal Weight

Aptiv (NYSE:APTV) was downgraded by stock analysts at Fox Advisors from an “overweight” rating to an “equal weight” rating in a note issued to investors on Tuesday, MarketBeat reports.

Several other analysts also recently issued reports on APTV. UBS Group reduced their price target on Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Royal Bank of Canada boosted their target price on shares of Aptiv from $85.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Bank of America lowered their price target on shares of Aptiv from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Company raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $78.00 to $87.00 in a report on Friday, September 20th. Finally, Piper Sandler cut shares of Aptiv from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $78.00 to $63.00 in a report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.31.

Aptiv Price Performance

NYSE:APTV opened at $70.05 on Tuesday. The company has a market cap of $19.06 billion, a P/E ratio of 6.60, a P/E/G ratio of 0.65 and a beta of 1.79. The firm’s fifty day moving average price is $69.72 and its two-hundred day moving average price is $73.68. Aptiv has a one year low of $63.62 and a one year high of $99.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09.

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

Institutional Investors Weigh In On Aptiv

A number of hedge funds have recently made changes to their positions in the stock. Riverview Trust Co acquired a new position in Aptiv during the 1st quarter worth approximately $25,000. Independence Bank of Kentucky acquired a new position in shares of Aptiv during the second quarter worth $25,000. Hazlett Burt & Watson Inc. bought a new position in shares of Aptiv in the 1st quarter valued at $28,000. Crewe Advisors LLC boosted its holdings in shares of Aptiv by 94.7% during 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 in the last quarter. Finally, Clearstead Trust LLC grew its position in Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 305 shares during the last quarter. 94.21% of the stock is currently 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.