Aptiv (NYSE:APTV – Get Rating) is scheduled to announce its earnings results before the market opens on Thursday, August 4th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Aptiv has set its FY22 guidance at $3.90-$4.80 EPS.Investors that wish to register for the company’s conference call can do so using this link.
Aptiv (NYSE:APTV – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The auto parts company reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. The company had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Aptiv had a return on equity of 7.23% and a net margin of 2.43%. Aptiv’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $1.06 earnings per share. On average, analysts expect Aptiv to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Aptiv Trading Up 4.2 %
NYSE:APTV opened at $100.29 on Thursday. Aptiv has a 1 year low of $84.14 and a 1 year high of $180.81. The stock has a market cap of $27.17 billion, a P/E ratio of 84.28, a P/E/G ratio of 2.28 and a beta of 2.00. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.04 and a current ratio of 2.60. The stock has a 50-day simple moving average of $96.17 and a 200-day simple moving average of $112.56.
Insider Transactions at Aptiv
In other news, SVP William T. Presley sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $108.52, for a total transaction of $217,040.00. Following the completion of the sale, the senior vice president now owns 45,681 shares in the company, valued at $4,957,302.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Kevin P. Clark sold 6,705 shares of the company’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $109.60, for a total transaction of $734,868.00. Following the transaction, the chief executive officer now owns 652,547 shares of the company’s stock, valued at $71,519,151.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William T. Presley sold 2,000 shares of the company’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $108.52, for a total value of $217,040.00. Following the transaction, the senior vice president now directly owns 45,681 shares in the company, valued at approximately $4,957,302.12. The disclosure for this sale can be found here. Insiders sold 15,370 shares of company stock worth $1,547,492 over the last 90 days. 0.41% of the stock is currently owned by insiders.
Institutional Trading of Aptiv
Several large investors have recently bought and sold shares of APTV. Sender Co & Partners Inc. purchased a new stake in shares of Aptiv in the first quarter valued at $221,000. Enlightenment Research LLC purchased a new position in Aptiv during the first quarter worth about $239,000. XTX Topco Ltd lifted its position in Aptiv by 42.3% during the first quarter. XTX Topco Ltd now owns 2,151 shares of the auto parts company’s stock worth $257,000 after buying an additional 639 shares during the period. Sequoia Financial Advisors LLC lifted its position in Aptiv by 32.6% during the first quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company’s stock worth $268,000 after buying an additional 551 shares during the period. Finally, Lido Advisors LLC lifted its position in Aptiv by 18.7% during the first quarter. Lido Advisors LLC now owns 2,247 shares of the auto parts company’s stock worth $268,000 after buying an additional 354 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on APTV shares. Cowen decreased their target price on Aptiv from $150.00 to $144.00 in a research note on Friday, May 6th. Wells Fargo & Company decreased their target price on Aptiv from $112.00 to $102.00 and set an “equal weight” rating for the company in a research note on Monday, July 11th. Deutsche Bank Aktiengesellschaft decreased their target price on Aptiv from $137.00 to $136.00 in a research note on Monday, July 18th. Morgan Stanley decreased their target price on Aptiv from $155.00 to $149.00 and set an “overweight” rating for the company in a research note on Thursday, July 14th. Finally, Exane BNP Paribas started coverage on Aptiv in a research note on Monday, April 11th. They set an “outperform” rating and a $160.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.42.
About Aptiv
Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle’s electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.