Aptiv (NYSE:APTV) Shares Gap Down – Time to Sell?

Aptiv PLC (NYSE:APTV)’s share price gapped down prior to trading on Monday . The stock had previously closed at $62.42, but opened at $56.77. Aptiv shares last traded at $58.44, with a volume of 1,124,281 shares changing hands.

Analyst Ratings Changes

A number of research firms have issued reports on APTV. Deutsche Bank Aktiengesellschaft lowered their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Oppenheimer cut their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Bank of America cut their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.47.

Aptiv Stock Down 3.4 %

The firm has a market capitalization of $14.17 billion, a PE ratio of 6.71, a P/E/G ratio of 0.55 and a beta of 1.74. The firm’s 50 day moving average price is $59.60 and its two-hundred day moving average price is $64.40. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the firm earned $1.30 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, research analysts forecast that Aptiv PLC will post 6.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after acquiring an additional 5,002,090 shares during the last quarter. Harris Associates L P bought a new position in Aptiv during the 3rd quarter valued at $162,640,000. Point72 Asset Management L.P. bought a new position in Aptiv during the 3rd quarter valued at $143,909,000. FMR LLC lifted its position in shares of Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after buying an additional 1,294,670 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after buying an additional 1,090,766 shares during the last quarter. 94.21% of the stock is currently owned by 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.