Shares of Aptiv PLC (NYSE:APTV) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $69.00 and last traded at $69.89, with a volume of 103837 shares changing hands. The stock had previously closed at $71.58.
A number of analysts have issued reports on APTV shares. Buckingham Research cut their price objective on shares of Aptiv from $110.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, October 3rd. Citigroup dropped their target price on shares of Aptiv from $112.50 to $99.00 and set a “buy” rating for the company in a research report on Friday, October 12th. Morgan Stanley dropped their target price on shares of Aptiv from $81.00 to $72.00 and set an “underweight” rating for the company in a research report on Wednesday, November 14th. Wells Fargo & Co dropped their target price on shares of Aptiv from $106.00 to $98.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. Finally, Macquarie began coverage on shares of Aptiv in a research report on Monday, October 8th. They issued an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating and eighteen have assigned a buy rating to the company’s stock. Aptiv currently has a consensus rating of “Buy” and an average target price of $101.82.
The stock has a market cap of $18.41 billion, a P/E ratio of 14.46, a P/E/G ratio of 1.06 and a beta of 1.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.14 and a current ratio of 1.54.
Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, October 31st. The auto parts company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Aptiv had a net margin of 7.56% and a return on equity of 37.53%. The firm’s revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts forecast that Aptiv PLC will post 5.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, November 6th. Aptiv’s dividend payout ratio is 18.97%.
In related news, CFO Joseph R. Massaro sold 2,800 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were 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 Securities & Exchange Commission, which is available through this link. 0.32% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. acquired a new position in Aptiv during the 3rd quarter worth approximately $201,000. Vanguard Group Inc. increased its position in Aptiv by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 22,946,461 shares of the auto parts company’s stock worth $1,925,209,000 after purchasing an additional 360,751 shares in the last quarter. Morgan Stanley increased its position in Aptiv by 49.9% during the 3rd quarter. Morgan Stanley now owns 589,299 shares of the auto parts company’s stock worth $49,442,000 after purchasing an additional 196,115 shares in the last quarter. Legal & General Group Plc acquired a new position in Aptiv during the 3rd quarter worth approximately $12,037,000. Finally, Rehmann Capital Advisory Group increased its position in Aptiv by 9,146.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 107,811 shares of the auto parts company’s stock worth $1,285,000 after purchasing an additional 106,645 shares in the last quarter. Institutional investors and hedge funds own 93.34% of the company’s stock.
Aptiv Company Profile (NYSE:APTV)
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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