Zacks Investment Research upgraded shares of Aptiv (NYSE:APTV) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning.
According to Zacks, “Aptiv PLC is a 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. Its segments include Electrical/Electronic Architecture and Electronics & Safety. Aptiv PLC, formerly known as Delphi Automotive PLC, is based in GILLINGHAM, United Kingdom. “
A number of other equities analysts have also commented on APTV. UBS Group lowered shares of Aptiv from a buy rating to a neutral rating and set a $102.00 price target on the stock. in a research report on Tuesday, October 10th. BidaskClub lowered shares of Aptiv from a buy rating to a hold rating in a research report on Wednesday, October 11th. Deutsche Bank lowered shares of Aptiv from a buy rating to a hold rating and dropped their price target for the company from $108.00 to $107.00 in a research report on Thursday, October 12th. KeyCorp lifted their price target on shares of Aptiv from $100.00 to $106.00 and gave the company a buy rating in a research report on Friday, October 13th. Finally, Barclays set a $114.00 price target on shares of Aptiv and gave the company a buy rating in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $97.84.
Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 1st. The auto parts company reported $1.28 EPS for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.05). Aptiv had a net margin of 8.27% and a return on equity of 50.01%. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the business earned $1.83 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities research analysts predict that Aptiv will post 5.15 EPS for the current fiscal year.
The business also recently announced a Not Available dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, February 5th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, February 2nd. Aptiv’s dividend payout ratio (DPR) is currently 23.10%.
In related news, Director Frank J. Dellaquila bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average price of $83.88 per share, with a total value of $83,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin P. Clark bought 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were bought at an average cost of $87.88 per share, for a total transaction of $1,977,300.00. The disclosure for this purchase can be found here. Insiders own 0.31% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Cerebellum GP LLC bought a new position in Aptiv during the fourth quarter worth $127,000. Huntington National Bank bought a new position in Aptiv during the fourth quarter worth $138,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Aptiv during the fourth quarter worth $144,000. IFP Advisors Inc acquired a new stake in Aptiv during the fourth quarter worth $162,000. Finally, Meeder Asset Management Inc. acquired a new stake in Aptiv during the fourth quarter worth $163,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.
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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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