Aptiv (NYSE:APTV) had its price objective boosted by Robert W. Baird from $103.00 to $109.00 in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. Robert W. Baird currently has an outperform rating on the auto parts company’s stock.
A number of other research analysts also recently issued reports on the stock. Goldman Sachs Group upgraded shares of Aptiv from a buy rating to a conviction-buy rating in a research report on Wednesday, February 13th. Morgan Stanley dropped their price target on shares of Aptiv from $70.00 to $69.00 and set an underweight rating on the stock in a research report on Monday, April 15th. Wolfe Research downgraded shares of Aptiv from an outperform rating to a peer perform rating in a research report on Thursday, April 18th. Oppenheimer started coverage on shares of Aptiv in a research report on Thursday, March 28th. They issued an outperform rating and a $93.00 price target on the stock. Finally, KeyCorp boosted their price target on shares of Aptiv from $95.00 to $105.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Aptiv currently has an average rating of Buy and an average target price of $92.40.
NYSE:APTV opened at $76.09 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 1.20. Aptiv has a one year low of $58.80 and a one year high of $103.23. The company has a market cap of $19.31 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 1.34 and a beta of 1.93.
Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.05. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.46 billion. Aptiv had a net margin of 6.95% and a return on equity of 35.66%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.29 EPS. On average, analysts expect that Aptiv will post 5.03 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.88 annualized dividend and a dividend yield of 1.16%. Aptiv’s dividend payout ratio is currently 16.73%.
In other news, SVP David M. Sherbin sold 19,689 shares of Aptiv stock in a transaction on Friday, April 5th. The shares were sold at an average price of $86.79, for a total value of $1,708,808.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in APTV. PRW Wealth Management LLC bought a new stake in shares of Aptiv in the 4th quarter valued at $28,000. Oregon Public Employees Retirement Fund increased its stake in shares of Aptiv by 3,023.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,974,550 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 1,911,334 shares in the last quarter. Thor Advisors LLC bought a new stake in shares of Aptiv in the 1st quarter valued at $33,000. Laurel Wealth Advisors LLC bought a new stake in shares of Aptiv in the 4th quarter valued at $34,000. Finally, Resources Investment Advisors Inc. bought a new stake in shares of Aptiv in the 4th quarter valued at $34,000. Institutional investors own 94.51% 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 segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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