A number of other research firms have also recently issued reports on APTV. Goldman Sachs Group began coverage on shares of Aptiv in a report on Tuesday, December 5th. They issued a buy rating and a $57.00 price target for the company. Royal Bank of Canada started coverage on shares of Aptiv in a report on Monday, December 4th. They set an outperform rating and a $60.00 target price for the company. Bank of America raised their target price on shares of Aptiv from $95.00 to $110.00 and gave the stock a neutral rating in a report on Tuesday, September 26th. Piper Jaffray Companies reissued an overweight rating and set a $112.00 target price on shares of Aptiv in a report on Monday, September 25th. Finally, Cowen started coverage on shares of Aptiv in a report on Monday, September 25th. They set an outperform rating and a $120.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $93.43.
Shares of Aptiv (APTV) traded up $1.60 on Tuesday, reaching $92.06. 2,031,500 shares of the company’s stock traded hands, compared to its average volume of 1,989,200. The firm has a market capitalization of $24,700.00, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 1.64 and a beta of 1.38. Aptiv has a 52 week low of $58.02 and a 52 week high of $93.69. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 1.35.
Aptiv (NYSE:APTV) last announced its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.10. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.10 billion. Aptiv had a net margin of 8.00% and a return on equity of 57.92%. Aptiv’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $1.50 earnings per share. research analysts anticipate that Aptiv will post 4.74 earnings per share for the current fiscal year.
The business also recently announced a Not Available dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be given a $0.22 dividend. The ex-dividend date is Friday, February 2nd. Aptiv’s dividend payout ratio (DPR) is 29.04%.
In other Aptiv news, Director Frank J. Dellaquila purchased 1,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average cost of $83.88 per share, for a total transaction of $83,880.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bernd Wiedemann sold 17,000 shares of the business’s 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 owns 7,975 shares in the company, valued at $809,781.50. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Appleton Partners Inc. MA acquired a new position in Aptiv in the 4th quarter valued at about $823,000. Nisa Investment Advisors LLC acquired a new position in Aptiv in the 4th quarter valued at about $1,857,000. Exxonmobil Investment Management Inc. TX acquired a new position in Aptiv in the 4th quarter valued at about $3,586,000. Finally, American National Bank acquired a new position in Aptiv in the 4th quarter valued at about $3,632,000. Institutional investors own 90.78% 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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