Aptiv (NYSE:APTV) had its price objective trimmed by Citigroup from $99.00 to $93.00 in a report published on Friday morning. The firm currently has a buy rating on the auto parts company’s stock.
APTV has been the subject of several other reports. Buckingham Research lowered their price objective on Aptiv from $110.00 to $98.00 and set a buy rating for the company in a research report on Wednesday, October 3rd. Wolfe Research started coverage on Aptiv in a research report on Tuesday, October 2nd. They issued an outperform rating for the company. Longbow Research set a $110.00 price objective on Aptiv and gave the stock a buy rating in a research report on Friday, August 24th. Wells Fargo & Co lowered their price objective on Aptiv from $111.00 to $106.00 and set an outperform rating for the company in a research report on Wednesday, October 17th. Finally, ValuEngine lowered Aptiv from a buy rating to a hold rating in a research report on Friday, August 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $97.58.
Shares of APTV stock traded up $2.02 during trading hours on Friday, reaching $79.46. The company had a trading volume of 3,739,765 shares, compared to its average volume of 3,498,899. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.54 and a quick ratio of 1.19. The firm has a market capitalization of $20.94 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.15 and a beta of 1.59. Aptiv has a 12-month low of $71.66 and a 12-month high of $103.23.
Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, October 31st. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.41 billion. Aptiv had a return on equity of 37.53% and a net margin of 7.56%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities research analysts expect that Aptiv will post 5.15 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Tuesday, November 6th. Aptiv’s dividend payout ratio (DPR) is 18.97%.
In other Aptiv news, CFO Joseph R. Massaro sold 2,800 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $86.24, for a total transaction of $241,472.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Susan M. Suver sold 1,174 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $95.00, for a total value of $111,530.00. The disclosure for this sale can be found here. 0.32% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Hugh Johnson Advisors LLC lifted its stake in Aptiv by 1.0% during the second quarter. Hugh Johnson Advisors LLC now owns 55,733 shares of the auto parts company’s stock worth $5,107,000 after purchasing an additional 542 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Aptiv by 0.9% in the second quarter. Pinnacle Associates Ltd. now owns 61,491 shares of the auto parts company’s stock valued at $5,634,000 after acquiring an additional 575 shares in the last quarter. BB&T Securities LLC raised its stake in shares of Aptiv by 0.7% in the second quarter. BB&T Securities LLC now owns 81,739 shares of the auto parts company’s stock valued at $7,489,000 after acquiring an additional 597 shares in the last quarter. Neuburgh Advisers LLC raised its stake in shares of Aptiv by 4.7% in the second quarter. Neuburgh Advisers LLC now owns 13,634 shares of the auto parts company’s stock valued at $1,249,000 after acquiring an additional 612 shares in the last quarter. Finally, Telos Capital Management Inc. raised its stake in shares of Aptiv by 3.6% in the second quarter. Telos Capital Management Inc. now owns 17,929 shares of the auto parts company’s stock valued at $1,643,000 after acquiring an additional 626 shares in the last quarter. 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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