Aptiv (NYSE:APTV) was downgraded by research analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued to investors on Wednesday.
Several other research analysts have also weighed in on the company. Morgan Stanley upped their price target on Aptiv from $79.00 to $81.00 and gave the company an “underweight” rating in a research report on Monday, August 13th. Macquarie initiated coverage on Aptiv in a research report on Monday, October 8th. They set an “outperform” rating on the stock. Wolfe Research initiated coverage on Aptiv in a research report on Tuesday, October 2nd. They issued an “outperform” rating on the stock. Buckingham Research dropped their target price on Aptiv from $110.00 to $98.00 and set a “buy” rating on the stock in a research report on Wednesday, October 3rd. Finally, Zacks Investment Research lowered Aptiv from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company. Aptiv presently has a consensus rating of “Buy” and a consensus target price of $97.89.
NYSE:APTV opened at $77.44 on Wednesday. The firm has a market cap of $19.54 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 1.04 and a beta of 1.57. Aptiv has a 1-year low of $71.66 and a 1-year high of $103.23. The company has a current ratio of 1.55, a quick ratio of 1.19 and a debt-to-equity ratio of 1.08.
Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, October 31st. The auto parts company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.41 billion. Aptiv had a return on equity of 41.16% and a net margin of 8.28%. The firm’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts predict that Aptiv will post 5.14 EPS for the current year.
In other news, SVP Susan M. Suver sold 1,174 shares of the company’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $95.00, for a total transaction of $111,530.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank J. Dellaquila purchased 750 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were bought at an average price of $89.00 per share, with a total value of $66,750.00. The disclosure for this purchase can be found here. Corporate insiders own 0.32% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its stake in shares of Aptiv by 90.6% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,506 shares of the auto parts company’s stock worth $126,000 after acquiring an additional 716 shares in the last quarter. First Mercantile Trust Co. bought a new stake in shares of Aptiv during the 2nd quarter worth about $159,000. Cranbrook Wealth Management LLC bought a new stake in shares of Aptiv during the 2nd quarter worth about $162,000. Capital Advisors Ltd. LLC bought a new stake in shares of Aptiv during the 3rd quarter worth about $154,000. Finally, RNC Capital Management LLC bought a new stake in shares of Aptiv during the 2nd quarter worth about $202,000. Institutional investors own 90.92% of the company’s stock.
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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