Aptiv (NYSE:APTV) Trading Down 5.2% – Here’s What Happened

Shares of Aptiv PLC (NYSE:APTV) traded down 5.2% on Thursday . The company traded as low as $61.65 and last traded at $62.38. 803,736 shares were traded during mid-day trading, a decline of 75% from the average session volume of 3,268,487 shares. The stock had previously closed at $65.80.

Analyst Ratings Changes

Several research firms recently commented on APTV. Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Raymond James reissued a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. Wells Fargo & Company lifted their target price on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Finally, StockNews.com started coverage on Aptiv in a research report on Thursday. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.61.

Aptiv Price Performance

The company has a market cap of $14.17 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 0.62 and a beta of 1.78. The company’s 50-day simple moving average is $64.04 and its 200-day simple moving average is $63.09. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, equities research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.45% of the company’s stock.

Institutional Trading of Aptiv

A number of hedge funds have recently made changes to their positions in APTV. Covestor Ltd boosted its stake in Aptiv by 11.4% during the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock valued at $110,000 after acquiring an additional 186 shares during the last quarter. Boston Common Asset Management LLC lifted its position in shares of Aptiv by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock worth $249,000 after purchasing an additional 188 shares during the last quarter. Horizon Investments LLC grew its stake in Aptiv by 6.1% in the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock worth $231,000 after purchasing an additional 219 shares in the last quarter. ProShare Advisors LLC increased its holdings in Aptiv by 0.5% in the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company’s stock valued at $3,128,000 after buying an additional 248 shares during the last quarter. Finally, Insigneo Advisory Services LLC raised its stake in Aptiv by 5.7% during the third quarter. Insigneo Advisory Services LLC now owns 6,205 shares of the auto parts company’s stock valued at $447,000 after buying an additional 337 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.