Aptiv (NYSE:APTV) Lowered to “Neutral” at Bank of America

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Bank of America downgraded shares of Aptiv (NYSE:APTV) from a buy rating to a neutral rating in a research note published on Friday, BenzingaRatingsTable reports.

Other research analysts have also recently issued reports about the stock. Buckingham Research increased their target price on shares of Aptiv from $76.00 to $79.00 and gave the company a neutral rating in a report on Thursday, August 1st. Citigroup increased their target price on shares of Aptiv from $90.00 to $102.00 and gave the company a buy rating in a report on Thursday, August 1st. Credit Suisse Group increased their target price on shares of Aptiv from $90.00 to $96.00 and gave the company an outperform rating in a report on Thursday, August 1st. UBS Group increased their target price on shares of Aptiv from $87.00 to $92.00 and gave the company a neutral rating in a report on Thursday. Finally, Jefferies Financial Group reaffirmed a buy rating and issued a $108.00 target price (up from $99.00) on shares of Aptiv in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. Aptiv currently has a consensus rating of Buy and an average target price of $92.50.

Shares of NYSE:APTV opened at $90.18 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.22 and a debt-to-equity ratio of 1.16. The company has a market cap of $23.35 billion, a P/E ratio of 17.14, a PEG ratio of 1.60 and a beta of 2.08. Aptiv has a 52 week low of $58.80 and a 52 week high of $92.98. The company has a 50-day moving average price of $83.60 and a 200 day moving average price of $80.67.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.20. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. Aptiv had a net margin of 6.86% and a return on equity of 34.92%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 earnings per share. Analysts expect that Aptiv will post 5.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.98%. Aptiv’s dividend payout ratio (DPR) is 16.73%.

In other news, CAO Allan J. Brazier sold 4,752 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $90.00, for a total transaction of $427,680.00. Company insiders own 0.40% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Davis Rea LTD. boosted its position in Aptiv by 0.9% during the second quarter. Davis Rea LTD. now owns 15,666 shares of the auto parts company’s stock worth $1,266,000 after acquiring an additional 141 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Aptiv by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 27,563 shares of the auto parts company’s stock worth $2,228,000 after acquiring an additional 162 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in Aptiv by 30.6% during the second quarter. Cornerstone Advisors Inc. now owns 692 shares of the auto parts company’s stock worth $56,000 after acquiring an additional 162 shares during the last quarter. ETF Managers Group LLC boosted its position in Aptiv by 10.8% during the first quarter. ETF Managers Group LLC now owns 1,696 shares of the auto parts company’s stock worth $135,000 after acquiring an additional 166 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Aptiv by 22.0% during the first quarter. Signaturefd LLC now owns 1,016 shares of the auto parts company’s stock worth $81,000 after acquiring an additional 183 shares during the last quarter. 95.19% of the stock is owned by institutional investors and hedge funds.

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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