Aptiv PLC (NYSE:APTV) – Jefferies Financial Group reduced their Q3 2019 EPS estimates for shares of Aptiv in a research report issued to clients and investors on Friday, May 3rd. Jefferies Financial Group analyst D. Kelley now anticipates that the auto parts company will post earnings per share of $1.34 for the quarter, down from their previous estimate of $1.46. Jefferies Financial Group currently has a “Buy” rating and a $107.00 target price on the stock. Jefferies Financial Group also issued estimates for Aptiv’s Q1 2020 earnings at $1.24 EPS.
Several other brokerages also recently commented on APTV. KeyCorp set a $95.00 price objective on shares of Aptiv and gave the company a “buy” rating in a research report on Saturday, February 2nd. Piper Jaffray Companies downgraded shares of Aptiv from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $110.00 to $78.00 in a research report on Friday, January 25th. Oppenheimer assumed coverage on shares of Aptiv in a report on Thursday, March 28th. They set an “outperform” rating and a $93.00 price target for the company. Zacks Investment Research downgraded shares of Aptiv from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Finally, Barclays upped their price target on shares of Aptiv to $90.00 and gave the stock an “overweight” rating in a report on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $93.33.
Shares of APTV opened at $79.70 on Monday. Aptiv has a one year low of $58.80 and a one year high of $103.23. The company has a market cap of $20.68 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 1.44 and a beta of 1.79. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 0.95.
Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.00 by $0.05. Aptiv had a net margin of 6.95% and a return on equity of 35.40%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the previous year, the business earned $1.29 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis.
Institutional investors have recently modified their holdings of the stock. PRW Wealth Management LLC bought a new stake in shares of Aptiv in the fourth quarter worth $28,000. Laurel Wealth Advisors LLC bought a new stake in shares of Aptiv in the fourth quarter worth $34,000. Essex Savings Bank grew its stake in shares of Aptiv by 88.1% in the first quarter. Essex Savings Bank now owns 555 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 260 shares during the last quarter. Resources Investment Advisors Inc. bought a new stake in shares of Aptiv in the fourth quarter worth $34,000. Finally, Enlightenment Research LLC bought a new stake in shares of Aptiv in the fourth quarter worth $36,000. 96.41% of the stock is currently owned by institutional investors.
In related news, SVP Majdi Abulaban sold 25,130 shares of the business’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $80.00, for a total value of $2,010,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David M. Sherbin sold 19,689 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $86.79, for a total transaction of $1,708,808.31. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.88 annualized dividend and a dividend yield of 1.10%. Aptiv’s dividend payout ratio (DPR) is presently 16.73%.
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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