According to Zacks, “Aptiv posted strong first-quarter 2019 results, surpassing the Zacks Consensus estimate on both counts. The company is well poised to gain from secular trends toward connected cars and investments in advanced technology. The company has ramped up investments in advanced technology and collaborations to make the most of the lucrative opportunities offered by the rapidly evolving automotive sector. Acquisitions have been a key growth catalyst for Aptiv. The company has a strong presence in China with a major manufacturing base and healthy customer relationships. Shares of Aptiv have outperformed its industry in year to date. On the flipside, costs continue to rise at Aptiv due to significant investments in organic as well as inorganic growth, and litigation. Fluctuation in automotive production and sales continue to weigh on the company’s business performance. Seasonality is another headwind.”
Other analysts also recently issued research reports about the stock. Jefferies Financial Group increased their price objective on shares of Aptiv from $100.00 to $107.00 and gave the company a buy rating in a report on Friday, April 12th. Buckingham Research dropped their price target on shares of Aptiv from $80.00 to $76.00 and set a neutral rating for the company in a research note on Tuesday, May 7th. Wolfe Research cut shares of Aptiv from an outperform rating to a peer perform rating in a research note on Thursday, April 18th. Cowen reissued a buy rating on shares of Aptiv in a research note on Monday, February 4th. Finally, Barclays increased their price target on shares of Aptiv to $90.00 and gave the company an overweight rating in a research note on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $92.93.
Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.05. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.46 billion. Aptiv had a net margin of 6.95% and a return on equity of 35.66%. Aptiv’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 EPS. On average, sell-side analysts expect that Aptiv will post 5.01 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.88 annualized dividend and a dividend yield of 1.20%. Aptiv’s dividend payout ratio (DPR) is 16.73%.
In related news, SVP David M. Sherbin sold 19,689 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $86.79, for a total transaction of $1,708,808.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Majdi Abulaban sold 25,130 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $2,010,400.00. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc boosted its position in shares of Aptiv by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 22,946,461 shares of the auto parts company’s stock worth $1,925,209,000 after purchasing an additional 360,751 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Aptiv by 11.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,838,589 shares of the auto parts company’s stock worth $728,902,000 after purchasing an additional 1,234,844 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Aptiv by 7.2% during the 1st quarter. Artisan Partners Limited Partnership now owns 7,567,450 shares of the auto parts company’s stock worth $601,537,000 after purchasing an additional 507,774 shares during the period. Norges Bank purchased a new position in shares of Aptiv during the 4th quarter worth approximately $380,134,000. Finally, Lazard Asset Management LLC boosted its position in shares of Aptiv by 1.4% during the 1st quarter. Lazard Asset Management LLC now owns 5,879,004 shares of the auto parts company’s stock worth $467,321,000 after purchasing an additional 83,653 shares during the period. 96.45% of the stock is owned by hedge funds and other institutional investors.
Aptiv Company Profile
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.
Featured Story: Fundamental Analysis
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.