Aptiv (NYSE:APTV) Sets New 52-Week Low - What's Next?

On Thursday, shares of Aptiv PLC (NYSE:APTV) experienced significant trading activity, reaching a new 52-week low. The stock fell to as low as $62.33 during midday trading and concluded the day at $62.97, with a trading volume of 164,189 shares. This marked a drop from the previous closing price of $69.07.

Analyst Ratings Overview

Several brokerage firms have recently issued updates regarding Aptiv’s stock performance. Robert W. Baird lowered its price target for Aptiv shares from $90.00 to $83.00, maintaining a "neutral" rating as of July 12th. Conversely, Oppenheimer maintained an "outperform" rating with a price target of $145.00 in a report released on July 9th. Evercore ISI also adjusted its price target downward from $125.00 to $115.00 while retaining an "outperform" rating. JPMorgan Chase increased their target from $107.00 to $113.00, giving Aptiv an "overweight" rating on October 21st. Additionally, StockNews.com has started coverage of Aptiv, assigning a "hold" rating. Currently, two analysts rate the stock as a sell, five consider it a hold, and twelve favor a buy rating, resulting in an average rating of "Moderate Buy" and a consensus target price of $95.50.

Aptiv’s Stock Performance

As of now, Aptiv's stock has slid by 15.4%. The company boasts a current ratio of 1.49, a quick ratio of 1.09, and a debt-to-equity ratio of 0.47. Aptiv’s 50-day simple moving average stands at $70.16, while the 200-day moving average is at $72.63. The company's market capitalization is approximately $15.90 billion. It has a price-to-earnings (P/E) ratio of 5.67 and a price-to-earnings-growth (PEG) ratio of 0.65, with a beta of 1.79.

In its latest quarterly earnings report on August 1st, Aptiv announced earnings per share (EPS) of $1.58, surpassing analyst expectations of $1.42 by $0.16. The company recorded a net margin of 18.46% and a return on equity of 13.19%. However, while revenue reached $5.05 billion for the quarter, it fell short of the projected $5.30 billion, representing a 2.9% decline compared to the same quarter the previous year. Analysts currently forecast an EPS of 6.28 for the fiscal year.

Institutional Holdings

Recent changes in institutional investing show that several hedge funds and investors have altered their stakes in Aptiv. Notably, Independence Bank of Kentucky acquired a new position worth about $25,000 in the second quarter, while Crewe Advisors LLC saw a 94.7% increase in their holdings, acquiring an additional 215 shares for a total of 442 valued at $31,000. Clearstead Trust LLC increased their position by 305.0%, and Wolff Wiese Magana LLC boosted their holdings by 44.3%. Overall, institutional investors own 94.21% of Aptiv's stock, indicating strong institutional interest.

About Aptiv PLC

Aptiv PLC specializes in designing, manufacturing, and selling vehicle components on a global scale, including North America, Europe, the Middle East, Africa, the Asia Pacific, and South America. The company's product offerings focus on electrical, electronic, and safety technology solutions within the automotive and commercial vehicle sectors. Aptiv operates through two primary segments: Signal and Power Solutions, and Advanced Safety and User Experience.

Considerations for Investors

As Aptiv faces a challenging market, investors may be evaluating the future of its stock performance. MarketBeat analyses show that while the stock currently holds a "Moderate Buy" rating, other analysts recommend considering alternative investment opportunities. This situation prompts the question: is it time to sell or hold onto Aptiv shares?

Aptiv, Stocks, Investment