Aptiv (APTV) Given a $110.00 Price Target by Longbow Research Analysts

Longbow Research set a $110.00 price objective on Aptiv (NYSE:APTV) in a report released on Friday morning. The brokerage currently has a buy rating on the auto parts company’s stock.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Aptiv from a buy rating to a hold rating in a report on Wednesday, July 18th. Wells Fargo & Co increased their price target on Aptiv from $105.00 to $118.00 and gave the stock an outperform rating in a report on Tuesday, June 5th. Citigroup increased their price target on Aptiv to $110.00 and gave the stock a buy rating in a report on Tuesday, May 8th. Morgan Stanley increased their price target on Aptiv from $79.00 to $81.00 and gave the stock an underweight rating in a report on Monday, August 13th. Finally, ValuEngine raised Aptiv from a hold rating to a buy rating in a report on Tuesday, July 31st. Two 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’s stock. The stock currently has an average rating of Buy and a consensus price target of $100.52.

APTV stock opened at $92.05 on Friday. The company has a market capitalization of $23.42 billion, a PE ratio of 19.84, a PEG ratio of 1.23 and a beta of 1.58. Aptiv has a twelve month low of $78.65 and a twelve month high of $103.23. 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 (NYSE:APTV) last posted its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.03. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.54 billion. Aptiv had a return on equity of 41.16% and a net margin of 8.28%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 earnings per share. sell-side analysts predict that Aptiv will post 5.36 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 8th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.96%. The ex-dividend date was Tuesday, August 7th. Aptiv’s payout ratio is 18.97%.

In other news, Director Mark P. Frissora sold 7,826 shares of the firm’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $102.59, for a total value of $802,869.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Susan M. Suver sold 1,174 shares of the firm’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total value of $111,530.00. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.

Several hedge funds have recently made changes to their positions in APTV. Massey Quick Simon & CO. LLC increased its position in shares of Aptiv by 272.6% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,725 shares of the auto parts company’s stock valued at $147,000 after buying an additional 1,262 shares in the last quarter. First Mercantile Trust Co. purchased a new position in shares of Aptiv in the second quarter valued at $159,000. Cranbrook Wealth Management LLC purchased a new position in shares of Aptiv in the second quarter valued at $162,000. RNC Capital Management LLC purchased a new position in shares of Aptiv in the second quarter valued at $202,000. Finally, Neumann Capital Management LLC purchased a new position in shares of Aptiv in the first quarter valued at $203,000. Institutional investors and hedge funds own 90.96% 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 segments, Signal and Power Solutions; and Advanced Safety and User Experience.

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