Aptiv (NYSE:APTV) Trading Down 5.2% – Should You Sell?

Shares of Aptiv PLC (NYSE:APTV) fell 5.2% during mid-day trading on Thursday . The stock traded as low as $61.65 and last traded at $62.38. 803,736 shares were traded during trading, a decline of 75% from the average session volume of 3,268,487 shares. The stock had previously closed at $65.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on APTV shares. UBS Group lifted their target price on Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Argus raised shares of Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $75.00 to $82.00 in a report on Monday, January 27th. Finally, Raymond James reiterated a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.61.

Aptiv Stock Down 6.1 %

The firm has a 50-day moving average price of $64.04 and a two-hundred day moving average price of $63.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last released 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 net margin of 9.07% and a return on equity of 15.63%. On average, sell-side analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Activity

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On Aptiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. raised its position in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 409 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Aptiv during the 4th quarter worth $37,000. Brooklyn Investment Group purchased a new position in shares of Aptiv in the 3rd quarter valued at about $43,000. CENTRAL TRUST Co boosted its holdings in Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after buying an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in Aptiv during the third quarter worth about $64,000. 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.