Aptiv (NYSE:APTV) Reaches New 52-Week Low - Here's Why

Aptiv PLC (NYSE:APTV - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $47.78 and last traded at $54.41, with a volume of 7430370 shares changing hands. The stock had previously closed at $49.36.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Piper Sandler lifted their target price on Aptiv from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Wells Fargo & Company increased their price target on Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Argus raised shares of Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, HSBC upgraded shares of Aptiv from a "hold" rating to a "buy" rating and increased their price objective for the company from $63.00 to $77.00 in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.44.

Aptiv Trading Down 0.6 %

The stock has a market cap of $11.43 billion, a PE ratio of 7.24, a PEG ratio of 0.62 and a beta of 1.64. The company's fifty day moving average is $61.72 and its 200-day moving average is $61.49. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

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Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) 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 fiscal year.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.45% of the company's stock.

Institutional Investors Weigh In On Aptiv

A number of institutional investors have recently added to or reduced their stakes in APTV. Covestor Ltd lifted its holdings in Aptiv by 11.4% during the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after purchasing an additional 186 shares in the last quarter. Boston Common Asset Management LLC grew its position in Aptiv by 4.8% in the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock worth $249,000 after acquiring an additional 188 shares during the period. Horizon Investments LLC raised its position in Aptiv by 6.1% in the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock valued at $231,000 after purchasing an additional 219 shares during the period. ProShare Advisors LLC lifted its stake in shares of Aptiv by 0.5% in the 4th quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock valued at $3,128,000 after purchasing an additional 248 shares during the last quarter. Finally, Westpac Banking Corp grew its holdings in shares of Aptiv by 21.9% during the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock worth $115,000 after purchasing an additional 341 shares during the period. Institutional investors and hedge funds 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.