Aptiv PLC (NYSE:APTV) – Research analysts at Seaport Global Securities reduced their Q3 2019 earnings per share estimates for shares of Aptiv in a report issued on Thursday, May 2nd, Zacks Investment Research reports. Seaport Global Securities analyst M. Ward now forecasts that the auto parts company will earn $1.36 per share for the quarter, down from their prior forecast of $1.39. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Aptiv’s Q4 2019 earnings at $1.41 EPS, FY2019 earnings at $4.95 EPS, Q1 2020 earnings at $1.24 EPS, Q2 2020 earnings at $1.45 EPS, Q3 2020 earnings at $1.47 EPS, Q4 2020 earnings at $1.54 EPS and FY2020 earnings at $5.70 EPS.
A number of other equities research analysts have also weighed in on the stock. Goldman Sachs Group raised shares of Aptiv from a “buy” rating to a “conviction-buy” rating in a report on Wednesday, February 13th. Morgan Stanley lowered their price target on shares of Aptiv from $70.00 to $69.00 and set an “underweight” rating for the company in a report on Monday, April 15th. Wolfe Research lowered shares of Aptiv from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 18th. Oppenheimer started coverage on shares of Aptiv in a report on Thursday, March 28th. They set an “outperform” rating and a $93.00 price target for the company. Finally, KeyCorp raised their price target on shares of Aptiv from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $92.80.
Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.05. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.46 billion. Aptiv had a net margin of 6.95% and a return on equity of 35.66%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the business earned $1.29 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, May 7th. Aptiv’s dividend payout ratio is currently 16.73%.
In other Aptiv news, SVP David M. Sherbin sold 19,689 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of APTV. Norges Bank bought a new position in shares of Aptiv in the 4th quarter worth about $380,134,000. Oregon Public Employees Retirement Fund lifted its position in shares of Aptiv by 3,023.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,974,550 shares of the auto parts company’s stock worth $32,000 after buying an additional 1,911,334 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Aptiv by 11.6% in 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 buying an additional 1,234,844 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Aptiv by 316.4% in the 4th quarter. Two Sigma Investments LP now owns 1,391,166 shares of the auto parts company’s stock worth $85,654,000 after buying an additional 1,057,043 shares during the last quarter. Finally, Nordea Investment Management AB bought a new position in shares of Aptiv in the 3rd quarter worth about $71,602,000. Institutional investors own 94.51% of the company’s stock.
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.
Further Reading: Gross Domestic Product (GDP)
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