Aptiv (NYSE:APTV) Stock Gets Downgrade from Daiwa Securities Group

Aptiv (NYSE:APTV) was downgraded by investment analysts at Daiwa Securities Group from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday, FinViz reports. They currently have a $41.00 price target on the auto parts company’s stock. Daiwa Securities Group‘s price objective suggests a potential upside of 5.62% from the company’s current price.

Several other equities analysts have also commented on APTV. Weiss Ratings reissued a “sell (d+)” rating on shares of Aptiv in a research report on Wednesday, November 4th. Wells Fargo & Company lowered their price objective on shares of Aptiv from $77.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Benchmark upgraded shares of Aptiv to a “strong-buy” rating in a research note on Wednesday, September 9th. Citigroup reduced their target price on shares of Aptiv from $77.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, November 6th. Finally, Argus set a $64.00 target price on shares of Aptiv in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and an average target price of $67.75.

Aptiv Stock Down 1.5%

Shares of NYSE APTV opened at $38.82 on Friday. The stock has a fifty day moving average price of $43.67 and a 200 day moving average price of $58.21. The company has a current ratio of 1.97, a quick ratio of 1.26 and a debt-to-equity ratio of 0.61. Aptiv has a 12-month low of $38.38 and a 12-month high of $88.93. The company has a market cap of $7.86 billion, a P/E ratio of 10.69, a P/E/G ratio of 0.77 and a beta of 1.43.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Tuesday, November 3rd. The auto parts company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Aptiv had a return on equity of 15.44% and a net margin of 4.60%. The company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the firm posted $2.17 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Research analysts anticipate that Aptiv will post 5.64 EPS for the current fiscal year.

Institutional Trading of Aptiv

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC boosted its holdings in shares of Aptiv by 238.9% during the second quarter. Squarepoint Ops LLC now owns 519,044 shares of the auto parts company’s stock valued at $31,859,000 after acquiring an additional 365,893 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Aptiv in the 2nd quarter worth about $27,364,000. Wedge Capital Management L L P NC lifted its position in Aptiv by 32.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 197,161 shares of the auto parts company’s stock valued at $12,102,000 after purchasing an additional 48,247 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Aptiv in the 1st quarter valued at about $17,765,000. Finally, Wellington Management Group LLP lifted its position in Aptiv by 105.3% in the 2nd quarter. Wellington Management Group LLP now owns 587,168 shares of the auto parts company’s stock valued at $36,040,000 after purchasing an additional 301,143 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

About Aptiv

Aptiv plc is a global automotive technology supplier that develops software, electrical systems and components for vehicle manufacturers. Its products and services support vehicle connectivity, safety, electrification and automation. The company’s offerings include vehicle electrical architectures, wiring and connection systems, advanced driver-assistance technologies, and software and computing platforms. Aptiv serves automakers and other customers across multiple regions worldwide. Aptiv took its current name in 2017, when Delphi Automotive separated its powertrain business, which became Delphi Technologies.