Aptiv (NYSE:APTV) Issues Quarterly Earnings Results

Aptiv (NYSE:APTVGet Rating) posted its earnings results on Thursday. The auto parts company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.36), Briefing.com reports. Aptiv had a net margin of 1.10% and a return on equity of 6.01%. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the business posted $0.60 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Aptiv updated its FY22 guidance to $3.05-$3.55 EPS.

Aptiv Stock Performance

Shares of NYSE APTV traded down $0.66 during mid-day trading on Friday, hitting $98.41. 3,269,530 shares of the company were exchanged, compared to its average volume of 1,985,066. Aptiv has a 1-year low of $84.14 and a 1-year high of $180.81. The stock has a 50 day simple moving average of $97.32 and a 200-day simple moving average of $110.01. The firm has a market cap of $26.66 billion, a price-to-earnings ratio of 234.31, a price-to-earnings-growth ratio of 2.28 and a beta of 2.00. The company has a quick ratio of 2.04, a current ratio of 2.63 and a debt-to-equity ratio of 0.78.

Wall Street Analyst Weigh In

APTV has been the topic of a number of research analyst reports. BNP Paribas started coverage on shares of Aptiv in a report on Monday, April 11th. They set an “outperform” rating and a $160.00 price objective on the stock. Cowen reduced their target price on shares of Aptiv from $150.00 to $144.00 in a report on Friday, May 6th. Exane BNP Paribas initiated coverage on shares of Aptiv in a report on Monday, April 11th. They issued an “outperform” rating and a $160.00 price target on the stock. The Goldman Sachs Group dropped their target price on Aptiv from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, June 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Aptiv from $136.00 to $132.00 and set a “buy” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.53.

Insider Buying and Selling

In related news, CEO Kevin P. Clark sold 6,705 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $109.60, for a total value of $734,868.00. Following the transaction, the chief executive officer now owns 652,547 shares in the company, valued at $71,519,151.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Kevin P. Clark sold 6,705 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $109.60, for a total value of $734,868.00. Following the sale, the chief executive officer now directly owns 652,547 shares in the company, valued at approximately $71,519,151.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP William T. Presley sold 2,000 shares of Aptiv stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $108.52, for a total transaction of $217,040.00. Following the completion of the transaction, the senior vice president now directly owns 45,681 shares in the company, valued at approximately $4,957,302.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,370 shares of company stock valued at $1,547,492. Corporate insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Horizon Investments LLC increased its holdings in shares of Aptiv by 10.2% during the 1st quarter. Horizon Investments LLC now owns 4,926 shares of the auto parts company’s stock worth $590,000 after purchasing an additional 457 shares during the period. Virtu Financial LLC bought a new position in Aptiv in the first quarter worth $539,000. PFS Investments Inc. boosted its stake in Aptiv by 38.1% during the first quarter. PFS Investments Inc. now owns 3,964 shares of the auto parts company’s stock worth $474,000 after buying an additional 1,094 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Aptiv by 22.9% in the 1st quarter. Wetherby Asset Management Inc. now owns 3,696 shares of the auto parts company’s stock valued at $442,000 after buying an additional 689 shares in the last quarter. Finally, Synovus Financial Corp boosted its position in shares of Aptiv by 15.0% during the 1st quarter. Synovus Financial Corp now owns 3,395 shares of the auto parts company’s stock valued at $406,000 after acquiring an additional 443 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

About Aptiv

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Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.

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Earnings History for Aptiv (NYSE:APTV)

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