Aptiv (NYSE:APTV) Stock Rating Lowered by Piper Sandler

Aptiv (NYSE:APTV) was downgraded by analysts at Piper Sandler from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They currently have a $63.00 price objective on the auto parts company’s stock, down from their previous price objective of $78.00. Piper Sandler’s price target suggests a potential downside of 8.67% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company reduced their price target on Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Tuesday. Oppenheimer reduced their price target on Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. JPMorgan Chase & Co. lifted their price target on Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. StockNews.com upgraded Aptiv from a “hold” rating to a “buy” rating in a research report on Wednesday, June 12th. Finally, Robert W. Baird lifted their price target on Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $105.08.

Aptiv Price Performance

Shares of NYSE APTV opened at $68.98 on Wednesday. The stock has a fifty day simple moving average of $77.61 and a two-hundred day simple moving average of $79.82. Aptiv has a 1-year low of $65.13 and a 1-year high of $113.60. The firm has a market cap of $18.77 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 0.70 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 announced its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, beating the consensus estimate 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%. Aptiv’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 earnings per share. Analysts anticipate that Aptiv will post 6.01 earnings per share for the current year.

Insider Activity at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the transaction, the director now owns 13,636 shares in the company, valued at approximately $1,049,699.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Riverview Trust Co purchased a new stake in shares of Aptiv in the 1st quarter worth approximately $25,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Aptiv in the 1st quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Aptiv in the 4th quarter worth approximately $29,000. GAMMA Investing LLC bought a new position in Aptiv in the 4th quarter valued at approximately $32,000. Finally, Clearstead Trust LLC lifted its position in 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 in the last quarter. Hedge funds and other 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.