Robert W. Baird reaffirmed their buy rating on shares of Aptiv (NYSE:APTV) in a report released on Tuesday, January 9th. They currently have a $104.00 price objective on the auto parts company’s stock.
A number of other equities analysts have also recently weighed in on APTV. Longbow Research assumed coverage on Aptiv in a report on Friday, January 5th. They issued a buy rating and a $105.00 price target for the company. BMO Capital Markets decreased their price target on Aptiv to $96.00 and set an outperform rating for the company in a report on Tuesday, January 2nd. They noted that the move was a valuation call. Jefferies Group set a $100.00 target price on Aptiv and gave the company a buy rating in a research note on Monday, December 18th. Evercore ISI assumed coverage on Aptiv in a research note on Wednesday, December 13th. They set an outperform rating and a $92.00 target price for the company. Finally, Zacks Investment Research cut Aptiv from a hold rating to a strong sell rating in a research note on Monday, December 11th. Three analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $96.48.
Aptiv (NYSE:APTV) traded down $1.59 during trading hours on Tuesday, reaching $94.21. 2,544,804 shares of the company’s stock were exchanged, compared to its average volume of 1,860,000. Aptiv has a 52 week low of $73.00 and a 52 week high of $96.91. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.22 and a current ratio of 1.59. The stock has a market cap of $25,040.00, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.68 and a beta of 1.48.
Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 1st. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.05). The business had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.31 billion. Aptiv had a return on equity of 50.01% and a net margin of 8.27%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $1.83 EPS. equities analysts predict that Aptiv will post 5.12 earnings per share for the current year.
The firm also recently declared a Not Available dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, February 2nd. Aptiv’s dividend payout ratio (DPR) is 40.38%.
In related news, Director Bernd Wiedemann sold 17,000 shares of Aptiv stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $101.54, for a total transaction of $1,726,180.00. Following the transaction, the director now directly owns 7,975 shares of the company’s stock, valued at $809,781.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frank J. Dellaquila purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was bought at an average price of $83.88 per share, with a total value of $83,880.00. The disclosure for this purchase can be found here. 0.31% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in APTV. American Century Companies Inc. acquired a new stake in Aptiv during the 4th quarter worth about $226,340,000. Wedge Capital Management L L P NC acquired a new stake in Aptiv during the 4th quarter worth about $99,868,000. Jennison Associates LLC acquired a new stake in Aptiv during the 4th quarter worth about $91,297,000. APG Asset Management N.V. acquired a new stake in Aptiv during the 4th quarter worth about $74,765,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Aptiv during the 4th quarter worth about $80,964,000. Hedge funds and other institutional investors own 91.13% of the company’s stock.
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Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.
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