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

Aptiv PLC (NYSE:APTV - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $62.33 and last traded at $62.97, with a volume of 164189 shares trading hands. The stock had previously closed at $69.07.

Analyst Upgrades and Downgrades

Several research firms have recently commented on APTV. The Goldman Sachs Group reduced their price target on shares of Aptiv from $118.00 to $101.00 and set a "buy" rating for the company in a research report on Wednesday, July 10th. Barclays decreased their price target on shares of Aptiv from $105.00 to $100.00 and set an "overweight" rating on the stock in a research report on Monday, August 5th. Bank of America cut their price objective on shares of Aptiv from $105.00 to $102.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $74.00 target price on shares of Aptiv in a report on Tuesday, September 10th. Finally, Morgan Stanley cut their price target on Aptiv from $70.00 to $68.00 and set an "underweight" rating for the company in a report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $95.50.

Aptiv Stock Performance

The company has a market capitalization of $15.46 billion, a P/E ratio of 5.67, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79. The business has a 50 day moving average of $70.16 and a 200 day moving average of $72.63. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.47.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.16. The firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. Aptiv's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. On average, sell-side analysts predict that Aptiv PLC will post 6.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in APTV. Capital World Investors purchased a new position in shares of Aptiv in the 1st quarter worth approximately $343,760,000. EdgePoint Investment Group Inc. purchased a new position in Aptiv during the first quarter worth $335,426,000. Massachusetts Financial Services Co. MA boosted its stake in Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company's stock worth $905,681,000 after buying an additional 1,764,844 shares during the period. Ariel Investments LLC purchased a new stake in shares of Aptiv in the first quarter valued at $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Aptiv by 13.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company's stock valued at $529,212,000 after acquiring an additional 905,431 shares during the period. Hedge funds and other institutional investors 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.