Investors Buy Aptiv (APTV) on Weakness

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Investors bought shares of Aptiv PLC (NYSE:APTV) on weakness during trading on Wednesday. $31.93 million flowed into the stock on the tick-up and $14.83 million flowed out of the stock on the tick-down, for a money net flow of $17.10 million into the stock. Of all companies tracked, Aptiv had the 23rd highest net in-flow for the day. Aptiv traded down ($0.12) for the day and closed at $82.35

APTV has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Aptiv from a “hold” rating to a “sell” rating in a report on Friday, November 16th. Jefferies Financial Group initiated coverage on shares of Aptiv in a report on Tuesday, December 4th. They issued a “buy” rating and a $100.00 price objective on the stock. KeyCorp initiated coverage on shares of Aptiv in a report on Monday, December 10th. They issued an “overweight” rating and a $95.00 price objective on the stock. Deutsche Bank initiated coverage on shares of Aptiv in a report on Thursday, December 13th. They issued a “buy” rating on the stock. Finally, Barclays restated a “buy” rating and issued a $80.00 price objective on shares of Aptiv in a report on Sunday, January 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $92.94.

The stock has a market cap of $20.92 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 1.20 and a beta of 1.80. The company has a quick ratio of 0.95, a current ratio of 1.29 and a debt-to-equity ratio of 1.10.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, January 31st. The auto parts company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.13. Aptiv had a return on equity of 37.39% and a net margin of 7.39%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.53 billion. On average, research analysts predict that Aptiv PLC will post 5.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 20th. Stockholders of record on Wednesday, February 6th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Tuesday, February 5th. Aptiv’s dividend payout ratio is presently 16.73%.

In other news, SVP Majdi Abulaban sold 25,130 shares of the business’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $2,010,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.32% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. PRW Wealth Management LLC acquired a new position in shares of Aptiv during the fourth quarter worth about $28,000. Laurel Wealth Advisors LLC acquired a new position in shares of Aptiv during the fourth quarter worth about $34,000. Resources Investment Advisors Inc. acquired a new position in shares of Aptiv during the fourth quarter worth about $34,000. Enlightenment Research LLC acquired a new position in shares of Aptiv during the fourth quarter worth about $36,000. Finally, Athena Capital Advisors LLC acquired a new position in shares of Aptiv during the fourth quarter worth about $40,000. 93.57% of the stock is owned by institutional investors and hedge funds.

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Aptiv Company Profile (NYSE:APTV)

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.

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