According to Zacks, “Aptiv 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 the past year. 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.”
Several other equities research analysts have also recently issued reports on the stock. Goldman Sachs Group raised shares of Aptiv from a buy rating to a conviction-buy rating in a research report on Wednesday, February 13th. Barclays reissued a buy rating and issued a $80.00 price target on shares of Aptiv in a research report on Sunday, January 6th. Longbow Research reissued a buy rating and issued a $110.00 price target on shares of Aptiv in a research report on Monday, January 28th. Nomura started coverage on shares of Aptiv in a research report on Friday, January 25th. They issued a neutral rating and a $68.00 price target for the company. Finally, Oppenheimer started coverage on shares of Aptiv in a research report on Thursday, March 28th. They issued an outperform rating and a $93.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $92.25.
Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, January 31st. The auto parts company reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.13. The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Aptiv had a net margin of 7.39% and a return on equity of 37.39%. As a group, sell-side analysts forecast that Aptiv will post 5.32 earnings per share for the current year.
In other Aptiv news, SVP Majdi Abulaban sold 25,130 shares of Aptiv stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $80.00, for a total value of $2,010,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP David M. Sherbin sold 19,689 shares of Aptiv 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 disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. PRW Wealth Management LLC acquired a new position in Aptiv in the fourth quarter valued at $28,000. Laurel Wealth Advisors LLC acquired a new position in Aptiv in the fourth quarter valued at $34,000. Resources Investment Advisors Inc. acquired a new position in Aptiv in the fourth quarter valued at $34,000. Enlightenment Research LLC acquired a new position in Aptiv in the fourth quarter valued at $36,000. Finally, Truvestments Capital LLC acquired a new position in Aptiv in the first quarter valued at $50,000. Institutional investors own 96.62% 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.
See Also: Stock Symbol
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.