Investors Buy Shares of Aptiv (APTV) on Weakness

Traders bought shares of Aptiv PLC (NYSE:APTV) on weakness during trading hours on Tuesday. $54.47 million flowed into the stock on the tick-up and $22.61 million flowed out of the stock on the tick-down, for a money net flow of $31.86 million into the stock. Of all stocks tracked, Aptiv had the 26th highest net in-flow for the day. Aptiv traded down ($0.24) for the day and closed at $94.88

A number of analysts have recently commented on APTV shares. Zacks Investment Research upgraded Aptiv from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Wednesday, April 4th. Citigroup boosted their price target on Aptiv from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. BMO Capital Markets restated a “buy” rating and issued a $106.00 price target on shares of Aptiv in a research report on Tuesday, March 6th. Barclays dropped their price target on Aptiv from $114.00 to $113.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 17th. Finally, Morgan Stanley boosted their price target on Aptiv from $64.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, March 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the stock. Aptiv has a consensus rating of “Buy” and a consensus price target of $99.86.

The stock has a market capitalization of $25.12 billion, a PE ratio of 20.10, a P/E/G ratio of 1.32 and a beta of 1.52. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.60 and a quick ratio of 1.27.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, May 2nd. The auto parts company reported $1.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.09. Aptiv had a return on equity of 44.95% and a net margin of 8.44%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.35 billion. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. research analysts expect that Aptiv PLC will post 5.36 earnings per share for the current year.

In other Aptiv news, Director Mark P. Frissora sold 7,826 shares of the company’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $102.59, for a total value of $802,869.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BB&T Investment Services Inc. bought a new position in shares of Aptiv in the 4th quarter worth $145,000. Massey Quick Simon & CO. LLC raised its position in shares of Aptiv by 272.6% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,725 shares of the auto parts company’s stock worth $147,000 after acquiring an additional 1,262 shares in the last quarter. Buckingham Asset Management LLC bought a new position in shares of Aptiv in the 4th quarter worth $201,000. Neumann Capital Management LLC bought a new position in shares of Aptiv in the 1st quarter worth $203,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Aptiv in the 4th quarter worth $204,000. 89.94% of the stock is owned by hedge funds and other institutional investors.

Aptiv Company Profile

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segments, Signal and Power Solutions; and Advanced Safety and User Experience.

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