Aptiv (NYSE:APTV) Lowered to “Equal Weight” at Fox Advisors

Fox Advisors downgraded shares of Aptiv (NYSE:APTV) from an overweight rating to an equal weight rating in a research report sent to investors on Tuesday morning, Marketbeat reports.

A number of other research firms have also issued reports on APTV. StockNews.com lowered Aptiv from a buy rating to a hold rating in a research note on Friday, July 12th. Wells Fargo & Company upgraded 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 research note on Friday, September 20th. Citigroup decreased their price objective on Aptiv from $128.00 to $108.00 and set a buy rating on the stock in a research note on Friday, July 12th. Morgan Stanley decreased their price objective on Aptiv from $70.00 to $68.00 and set an underweight rating on the stock in a research note on Wednesday, September 25th. Finally, Robert W. Baird decreased their price objective on Aptiv from $90.00 to $83.00 and set a neutral rating on the stock in a research note on Friday, July 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Aptiv presently has a consensus rating of Moderate Buy and a consensus price target of $95.31.

Aptiv Stock Performance

Shares of APTV opened at $70.32 on Tuesday. The firm has a market cap of $19.13 billion, a PE ratio of 6.63, a PEG ratio of 0.65 and a beta of 1.79. The stock’s fifty day moving average price is $69.78 and its two-hundred day moving average price is $73.59. 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 has a 1 year low of $63.62 and a 1 year high of $99.31.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same period in the previous year, the company posted $1.25 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Aptiv will post 6.28 EPS for the current year.

Hedge Funds Weigh In On Aptiv

A number of hedge funds and other institutional investors have recently modified their holdings of APTV. Janney Montgomery Scott LLC boosted its holdings in Aptiv by 36.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 47,934 shares of the auto parts company’s stock valued at $3,818,000 after acquiring an additional 12,835 shares during the period. Vanguard Group Inc. boosted its holdings in Aptiv by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock valued at $2,843,905,000 after acquiring an additional 325,550 shares during the period. Hemenway Trust Co LLC boosted its holdings in Aptiv by 25.2% during the 1st quarter. Hemenway Trust Co LLC now owns 55,968 shares of the auto parts company’s stock valued at $4,458,000 after acquiring an additional 11,270 shares during the period. M&G Plc purchased a new stake in Aptiv during the 1st quarter valued at about $8,337,000. Finally, Olstein Capital Management L.P. purchased a new stake in Aptiv during the 1st quarter valued at about $3,345,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

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.