Insider Selling: Aptiv PLC (APTV) CFO Sells 2,800 Shares of Stock

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Aptiv PLC (NYSE:APTV) CFO Joseph R. Massaro sold 2,800 shares of Aptiv stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $86.24, for a total value of $241,472.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE:APTV opened at $86.88 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.55 and a quick ratio of 1.19. Aptiv PLC has a 1 year low of $79.46 and a 1 year high of $103.23. The stock has a market cap of $22.47 billion, a PE ratio of 18.72, a PEG ratio of 1.18 and a beta of 1.57.

Aptiv (NYSE:APTV) last issued its earnings results on Tuesday, July 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.03. Aptiv had a return on equity of 41.16% and a net margin of 8.28%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter in the previous year, the business earned $1.13 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. sell-side analysts forecast that Aptiv PLC will post 5.36 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Investors of record on Wednesday, August 8th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, August 7th. Aptiv’s dividend payout ratio (DPR) is presently 18.97%.

Several analysts have commented on the company. Wells Fargo & Co lifted their price target on Aptiv from $105.00 to $118.00 and gave the company an “outperform” rating in a report on Tuesday, June 5th. BMO Capital Markets set a $113.00 price target on Aptiv and gave the company a “buy” rating in a report on Wednesday, August 1st. ValuEngine upgraded Aptiv from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Royal Bank of Canada lifted their price target on Aptiv to $115.00 and gave the company an “outperform” rating in a report on Friday, June 22nd. Finally, Zacks Investment Research cut Aptiv from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $100.52.

Institutional investors have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. acquired a new position in Aptiv during the 2nd quarter worth approximately $159,000. Cranbrook Wealth Management LLC acquired a new position in Aptiv during the 2nd quarter worth approximately $162,000. RNC Capital Management LLC acquired a new position in Aptiv during the 2nd quarter worth approximately $202,000. Neumann Capital Management LLC acquired a new position in Aptiv during the 1st quarter worth approximately $203,000. Finally, CWM Advisors LLC acquired a new position in Aptiv during the 2nd quarter worth approximately $223,000. 91.04% of the stock is currently owned by hedge funds and other institutional investors.

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 segments, Signal and Power Solutions; and Advanced Safety and User Experience.

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Insider Buying and Selling by Quarter for Aptiv (NYSE:APTV)

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