Robert W. Baird reiterated their buy rating on shares of Aptiv (NYSE:APTV) in a report released on Tuesday morning. Robert W. Baird currently has a $104.00 target price on the auto parts company’s stock.
A number of other equities analysts have also recently issued reports on the stock. Longbow Research began coverage on shares of Aptiv in a research report on Friday, January 5th. They set a buy rating and a $105.00 target price for the company. BMO Capital Markets cut their target price on shares of Aptiv to $96.00 and set an outperform rating for the company in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. Jefferies Group set a $100.00 target price on shares of Aptiv and gave the stock a buy rating in a research report on Monday, December 18th. Evercore ISI began coverage on shares of Aptiv in a research report on Wednesday, December 13th. They set an outperform rating and a $92.00 target price for the company. Finally, Zacks Investment Research cut shares of Aptiv from a hold rating to a strong sell rating in a research report on Monday, December 11th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $93.43.
Shares of Aptiv (NYSE APTV) traded up $0.85 during midday trading on Tuesday, hitting $92.91. 1,401,989 shares of the company traded hands, compared to its average volume of 1,923,954. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.62 and a quick ratio of 1.22. Aptiv has a 12-month low of $58.02 and a 12-month high of $93.69. The firm has a market capitalization of $24,700.00, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.64 and a beta of 1.38.
Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.10. The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.10 billion. Aptiv had a net margin of 8.00% and a return on equity of 57.92%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.50 earnings per share. research analysts forecast that Aptiv will post 4.74 earnings per share for the current fiscal year.
The company 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 is Friday, February 2nd. Aptiv’s dividend payout ratio (DPR) is presently 29.04%.
In other news, Director Bernd Wiedemann sold 17,000 shares of Aptiv stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $101.54, for a total transaction of $1,726,180.00. Following the completion of the sale, the director now directly owns 7,975 shares in the company, valued at $809,781.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frank J. Dellaquila purchased 1,000 shares of the stock in a transaction dated Friday, December 15th. The shares were purchased 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. Insiders own 0.31% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Exxonmobil Investment Management Inc. TX purchased a new stake in Aptiv in the fourth quarter valued at approximately $3,586,000. American National Bank purchased a new stake in Aptiv in the fourth quarter valued at approximately $3,632,000. Appleton Partners Inc. MA purchased a new stake in Aptiv in the fourth quarter valued at approximately $823,000. Finally, Nisa Investment Advisors LLC purchased a new stake in Aptiv in the fourth quarter valued at approximately $1,857,000. Institutional investors and hedge funds own 90.78% of the company’s stock.
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Aptiv Company Profile
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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