Investors Buy Shares of Aptiv (APTV) on Weakness

Investors purchased shares of Aptiv PLC (NYSE:APTV) on weakness during trading hours on Wednesday. $31.93 million flowed into the stock on the tick-up and $14.83 million flowed out of the stock on the tick-down, for a money net flow of $17.10 million into the stock. Of all stocks tracked, Aptiv had the 23rd highest net in-flow for the day. Aptiv traded down ($0.12) for the day and closed at $82.35

A number of research firms have commented on APTV. Goldman Sachs Group raised shares of Aptiv from a “buy” rating to a “conviction-buy” rating in a research report on Wednesday, February 13th. Royal Bank of Canada upped their target price on shares of Aptiv to $88.00 and gave the company an “outperform” rating in a research report on Friday, February 1st. Barclays upped their target price on shares of Aptiv to $90.00 and gave the company an “overweight” rating in a research report on Friday, February 1st. TheStreet raised shares of Aptiv from a “c+” rating to a “b-” rating in a research report on Tuesday, February 5th. Finally, BMO Capital Markets boosted their price target on shares of Aptiv from $84.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $93.82.

The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.95 and a current ratio of 1.29. The company has a market capitalization of $21.45 billion, a PE ratio of 15.66, a PEG ratio of 1.20 and a beta of 1.81.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, January 31st. The auto parts company reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.13. Aptiv had a net margin of 7.39% and a return on equity of 37.39%. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.53 billion. On average, analysts expect that Aptiv PLC will post 5.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 20th. Investors of record on Wednesday, February 6th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, February 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.07%. Aptiv’s payout ratio is 16.73%.

In related news, SVP Majdi Abulaban sold 25,130 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $2,010,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in APTV. PRW Wealth Management LLC purchased a new position in Aptiv in the fourth quarter valued at approximately $28,000. Oregon Public Employees Retirement Fund increased its stake in Aptiv by 3,023.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,974,550 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 1,911,334 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in Aptiv in the fourth quarter valued at approximately $34,000. Resources Investment Advisors Inc. purchased a new position in Aptiv in the fourth quarter valued at approximately $34,000. Finally, Enlightenment Research LLC purchased a new position in Aptiv in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.

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Aptiv Company Profile (NYSE:APTV)

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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