Aptiv PLC (NYSE:APTV) – Equities researchers at Piper Sandler dropped their Q1 2020 earnings estimates for shares of Aptiv in a note issued to investors on Tuesday, February 4th. Piper Sandler analyst A. Potter now anticipates that the auto parts company will post earnings of $0.90 per share for the quarter, down from their prior estimate of $1.36. Piper Sandler also issued estimates for Aptiv’s Q4 2020 earnings at $1.63 EPS, FY2020 earnings at $4.91 EPS, FY2022 earnings at $6.65 EPS and FY2023 earnings at $8.18 EPS.
Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, January 30th. The auto parts company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.13. Aptiv had a net margin of 6.90% and a return on equity of 32.61%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the business posted $1.34 earnings per share. Aptiv’s revenue was down 1.1% compared to the same quarter last year.
Several other equities analysts have also weighed in on APTV. Credit Suisse Group cut their price objective on shares of Aptiv from $98.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Guggenheim assumed coverage on shares of Aptiv in a report on Tuesday, October 15th. They issued a “buy” rating and a $98.00 price objective on the stock. Piper Jaffray Companies upgraded shares of Aptiv from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $81.00 to $114.00 in a report on Tuesday, December 3rd. Benchmark assumed coverage on shares of Aptiv in a report on Thursday, January 9th. They issued a “buy” rating and a $110.00 target price on the stock. Finally, Royal Bank of Canada cut their target price on shares of Aptiv from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $97.94.
Shares of NYSE APTV opened at $88.24 on Thursday. The company’s 50 day simple moving average is $91.92 and its 200 day simple moving average is $88.90. Aptiv has a fifty-two week low of $63.36 and a fifty-two week high of $99.04. The firm has a market capitalization of $22.74 billion, a P/E ratio of 22.92, a P/E/G ratio of 1.64 and a beta of 2.04. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.31 and a quick ratio of 0.99.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $0.88 annualized dividend and a yield of 1.00%. Aptiv’s dividend payout ratio (DPR) is presently 18.33%.
In related news, SVP Vos Glen W. De sold 2,700 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $88.73, for a total transaction of $239,571.00. Following the sale, the senior vice president now directly owns 47,462 shares in the company, valued at $4,211,303.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David M. Sherbin sold 5,500 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $93.38, for a total transaction of $513,590.00. Company insiders own 0.40% of the company’s stock.
Several large investors have recently modified their holdings of APTV. Nikko Asset Management Americas Inc. raised its holdings in shares of Aptiv by 74.9% during the third quarter. Nikko Asset Management Americas Inc. now owns 592,704 shares of the auto parts company’s stock worth $51,814,000 after acquiring an additional 253,843 shares during the period. Calamos Advisors LLC raised its holdings in shares of Aptiv by 95.6% during the fourth quarter. Calamos Advisors LLC now owns 491,419 shares of the auto parts company’s stock worth $46,670,000 after acquiring an additional 240,213 shares during the period. Sanders Capital LLC raised its holdings in shares of Aptiv by 24.1% during the fourth quarter. Sanders Capital LLC now owns 1,095,992 shares of the auto parts company’s stock worth $104,086,000 after acquiring an additional 212,571 shares during the period. California Public Employees Retirement System raised its holdings in shares of Aptiv by 31.8% during the third quarter. California Public Employees Retirement System now owns 534,779 shares of the auto parts company’s stock worth $46,750,000 after acquiring an additional 128,997 shares during the period. Finally, State Street Corp raised its holdings in shares of Aptiv by 0.9% during the third quarter. State Street Corp now owns 10,883,663 shares of the auto parts company’s stock worth $951,451,000 after acquiring an additional 94,635 shares during the period. Institutional investors and hedge funds own 93.56% 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 segment, Signal and Power Solutions, and Advanced Safety and User Experience.