Deutsche Bank began coverage on shares of Aptiv (NYSE:APTV) in a research report sent to investors on Thursday, The Fly reports. The brokerage issued a buy rating on the auto parts company’s stock.
APTV has been the subject of several other research reports. Longbow Research set a $110.00 price objective on shares of Aptiv and gave the company a buy rating in a research note on Friday, August 24th. TheStreet downgraded shares of Aptiv from a b rating to a c+ rating in a research note on Wednesday, October 31st. Wolfe Research assumed coverage on shares of Aptiv in a research note on Tuesday, October 2nd. They issued an outperform rating for the company. Citigroup decreased their price objective on shares of Aptiv from $99.00 to $93.00 and set a buy rating for the company in a research note on Friday, November 2nd. Finally, Wells Fargo & Co decreased their price objective on shares of Aptiv from $111.00 to $106.00 and set an outperform rating for the company in a research note on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eighteen have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $102.00.
NYSE:APTV opened at $65.95 on Thursday. The firm has a market capitalization of $17.38 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 1.00 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 has a 12 month low of $64.89 and a 12 month high of $103.23.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, November 6th. This represents a $0.88 annualized dividend and a dividend yield of 1.33%. Aptiv’s dividend payout ratio (DPR) is 18.97%.
In other Aptiv news, insider Kevin P. Clark bought 11,310 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The stock was acquired at an average price of $67.43 per share, for a total transaction of $762,633.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Calamos Advisors LLC boosted its stake in shares of Aptiv by 54.6% during the third quarter. Calamos Advisors LLC now owns 278,577 shares of the auto parts company’s stock worth $23,373,000 after buying an additional 98,350 shares during the period. Telos Capital Management Inc. lifted its position in Aptiv by 4.2% in the third quarter. Telos Capital Management Inc. now owns 18,685 shares of the auto parts company’s stock valued at $1,568,000 after purchasing an additional 756 shares during the period. Douglas Lane & Associates LLC lifted its position in Aptiv by 0.4% in the third quarter. Douglas Lane & Associates LLC now owns 867,691 shares of the auto parts company’s stock valued at $72,799,000 after purchasing an additional 3,766 shares during the period. Global X Management Co LLC lifted its position in Aptiv by 236.1% in the second quarter. Global X Management Co LLC now owns 8,978 shares of the auto parts company’s stock valued at $823,000 after purchasing an additional 6,307 shares during the period. Finally, Ropes Wealth Advisors LLC acquired a new stake in Aptiv in the third quarter valued at about $195,000. Institutional investors and hedge funds own 93.21% of the company’s stock.
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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