Aptiv PLC (NYSE:APTV) – Analysts at KeyCorp issued their Q4 2018 earnings per share estimates for shares of Aptiv in a research note issued to investors on Monday, December 10th. KeyCorp analyst J. Picariello anticipates that the auto parts company will post earnings of $1.22 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $95.00 target price on the stock. KeyCorp also issued estimates for Aptiv’s Q1 2019 earnings at $1.31 EPS, Q2 2019 earnings at $1.50 EPS, Q3 2019 earnings at $1.39 EPS, Q4 2019 earnings at $1.45 EPS and FY2020 earnings at $6.50 EPS.
Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, October 31st. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Aptiv had a return on equity of 37.53% and a net margin of 7.56%. The business’s revenue was up 10.7% compared to the same quarter last year.
A number of other equities research analysts have also recently issued reports on the company. Jefferies Financial Group assumed coverage on Aptiv in a research report on Tuesday, December 4th. They set a “buy” rating and a $100.00 target price for the company. Zacks Investment Research cut Aptiv from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. Morgan Stanley reduced their price objective on Aptiv from $81.00 to $72.00 and set an “underweight” rating for the company in a research report on Wednesday, November 14th. Citigroup reduced their price objective on Aptiv from $99.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Finally, TheStreet cut Aptiv from a “b” rating to a “c+” rating in a research report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $101.44.
Shares of Aptiv stock opened at $67.37 on Wednesday. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.02 and a beta of 1.59. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.54 and a quick ratio of 1.14. Aptiv has a 12-month low of $64.89 and a 12-month high of $103.23.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th were given a $0.22 dividend. The ex-dividend date was Tuesday, November 6th. This represents a $0.88 annualized dividend and a dividend yield of 1.31%. Aptiv’s dividend payout ratio is 18.97%.
In other news, insider Kevin P. Clark bought 11,310 shares of the business’s stock in a transaction that occurred on Tuesday, December 11th. The stock was acquired at an average cost of $67.43 per share, for a total transaction of $762,633.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Joseph R. Massaro sold 2,800 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $86.24, for a total value of $241,472.00. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of APTV. Nordea Investment Management AB acquired a new position in shares of Aptiv in the third quarter valued at $71,602,000. Senator Investment Group LP raised its stake in Aptiv by 25.0% during the second quarter. Senator Investment Group LP now owns 4,000,000 shares of the auto parts company’s stock worth $366,520,000 after acquiring an additional 800,000 shares in the last quarter. Eaton Vance Management raised its stake in Aptiv by 51.6% during the third quarter. Eaton Vance Management now owns 2,248,398 shares of the auto parts company’s stock worth $188,640,000 after acquiring an additional 765,193 shares in the last quarter. Voya Investment Management LLC raised its stake in Aptiv by 449.8% during the second quarter. Voya Investment Management LLC now owns 893,891 shares of the auto parts company’s stock worth $81,908,000 after acquiring an additional 731,302 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in Aptiv by 11.7% during the third quarter. Neuberger Berman Group LLC now owns 6,083,604 shares of the auto parts company’s stock worth $510,434,000 after acquiring an additional 638,972 shares in the last quarter. 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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