Aptiv’s (APTV) “Buy” Rating Reaffirmed at Jefferies Financial Group

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Jefferies Financial Group reiterated their buy rating on shares of Aptiv (NYSE:APTV) in a research report report published on Thursday, The Fly reports. The firm currently has a $108.00 target price on the auto parts company’s stock, up from their previous target price of $99.00.

A number of other equities research analysts have also recently commented on APTV. Morgan Stanley lowered their target price on Aptiv from $67.00 to $65.00 and set an underweight rating on the stock in a report on Friday, June 28th. Buckingham Research lowered their target price on Aptiv from $80.00 to $76.00 and set a neutral rating on the stock in a report on Tuesday, May 7th. Citigroup increased their target price on Aptiv from $90.00 to $102.00 and gave the company a buy rating in a report on Thursday. KeyCorp increased their target price on Aptiv from $95.00 to $105.00 and gave the company an overweight rating in a report on Monday, April 22nd. Finally, Zacks Investment Research cut Aptiv from a hold rating to a sell rating and set a $80.00 target price on the stock. in a report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $92.16.

Shares of NYSE:APTV opened at $81.33 on Thursday. The company’s fifty day moving average is $79.66. The firm has a market cap of $21.33 billion, a PE ratio of 15.46, a PEG ratio of 1.46 and a beta of 2.06. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 1.16. Aptiv has a one year low of $58.80 and a one year high of $98.77.

Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.20. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. Aptiv’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 EPS. As a group, equities analysts anticipate that Aptiv will post 5.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Tuesday, August 6th. Aptiv’s dividend payout ratio (DPR) is 16.73%.

Several hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can raised its position in shares of Aptiv by 10.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 1,724 shares of the auto parts company’s stock worth $107,000 after purchasing an additional 163 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Aptiv by 37.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,401,723 shares of the auto parts company’s stock worth $86,306,000 after buying an additional 384,616 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in Aptiv in the 4th quarter worth about $432,000. Legal & General Group Plc raised its position in Aptiv by 0.9% in the 4th quarter. Legal & General Group Plc now owns 144,816 shares of the auto parts company’s stock worth $8,916,000 after buying an additional 1,345 shares during the last quarter. Finally, FMR LLC raised its position in Aptiv by 11.9% in the 4th quarter. FMR LLC now owns 3,383,091 shares of the auto parts company’s stock worth $208,296,000 after buying an additional 360,089 shares during the last quarter. Institutional investors and hedge funds own 94.49% 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.

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Analyst Recommendations for Aptiv (NYSE:APTV)

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