Aptiv (NYSE:APTV) Trading Down 5.2% – Should You Sell?

Aptiv PLC (NYSE:APTV)’s stock price traded down 5.2% during mid-day trading on Thursday . The stock traded as low as $61.65 and last traded at $62.38. 803,736 shares traded hands 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 Upgrades and Downgrades

APTV has been the subject of a number of research analyst reports. Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $75.00 to $82.00 in a research report on Monday, January 27th. TD Cowen started coverage on shares of Aptiv in a research note on Friday, March 7th. They issued a “buy” rating and a $90.00 price objective for the company. Wells Fargo & Company upped their price target on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Guggenheim reiterated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a report on Thursday, December 5th. Finally, Oppenheimer lifted their price objective on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. One 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 given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Aptiv Stock Down 2.7 %

The business’s fifty day simple moving average is $64.05 and its two-hundred day simple moving average is $63.02. The company has a market cap of $13.90 billion, a PE ratio of 8.80, a PEG ratio of 0.62 and a beta of 1.78. 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 announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. lifted its position in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Aptiv during the 4th quarter worth $37,000. Brooklyn Investment Group acquired a new position in shares of Aptiv during the 3rd quarter valued at about $43,000. CENTRAL TRUST Co grew its holdings in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after purchasing an additional 677 shares during the period. Finally, GeoWealth Management LLC increased its position in Aptiv by 203.2% during the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock worth $92,000 after purchasing an additional 1,022 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.