Aptiv (NYSE:APTV) Stock Dropped to “Neutral” by Daiwa Securities Group

Daiwa Securities Group lowered shares of Aptiv (NYSE:APTV) from an outperform rating to a neutral rating in a research note issued to investors on Friday,FinViz reports. Daiwa Securities Group currently has $41.00 price objective on the auto parts company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Aptiv in a report on Wednesday, November 4th. The Goldman Sachs Group dropped their price objective on shares of Aptiv from $61.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, November 4th. Deutsche Bank lowered shares of Aptiv from a “buy” rating to a “hold” rating and set a $56.00 price target on the stock. in a research note on Wednesday, August 5th. JPMorgan Chase & Co. cut Aptiv from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $65.00 to $56.00 in a report on Tuesday, September 15th. Finally, Zacks Research upgraded Aptiv from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Aptiv has an average rating of “Moderate Buy” and a consensus price target of $67.75.

Aptiv Trading Down 0.3%

Shares of NYSE:APTV opened at $38.70 on Friday. The stock has a market capitalization of $7.83 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of 0.76 and a beta of 1.43. The company’s 50-day moving average price is $43.51 and its two-hundred day moving average price is $58.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.97 and a quick ratio of 1.26. Aptiv has a one year low of $38.38 and a one year high of $88.93.

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

Hedge Funds Weigh In On Aptiv

Hedge funds have recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in Aptiv in the second quarter valued at approximately $29,000. Eastern Bank raised its stake in shares of Aptiv by 702.9% in the second quarter. Eastern Bank now owns 546 shares of the auto parts company’s stock valued at $34,000 after buying an additional 478 shares during the period. Evelyn Partners Investment Management Services Ltd lifted its position in shares of Aptiv by 108.7% during the 1st quarter. Evelyn Partners Investment Management Services Ltd now owns 576 shares of the auto parts company’s stock valued at $40,000 after buying an additional 300 shares during the last quarter. Provenance Wealth Advisors LLC grew its stake in shares of Aptiv by 9,171.4% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 649 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 642 shares during the period. Finally, Covestor Ltd raised its stake in Aptiv by 175.5% in the 3rd quarter. Covestor Ltd now owns 719 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 458 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

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.