Aptiv (NYSE:APTV) Posts Quarterly Earnings Results, Misses Estimates By $0.36 EPS

Aptiv (NYSE:APTV – Get Rating) issued its quarterly earnings data on Thursday. The auto parts company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.36), Briefing.com reports. Aptiv had a return on equity of 6.01% and a net margin of 1.10%. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the company earned $0.60 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Aptiv updated its FY22 guidance to $3.05-$3.55 EPS.

Aptiv Stock Performance

Shares of NYSE:APTV traded down $0.66 during midday trading on Friday, hitting $98.41. The company’s stock had a trading volume of 3,269,530 shares, compared to its average volume of 1,985,066. The stock has a market capitalization of $26.66 billion, a price-to-earnings ratio of 234.31, a PEG ratio of 2.28 and a beta of 2.00. The stock’s 50 day simple moving average is $97.32 and its 200 day simple moving average is $110.01. Aptiv has a fifty-two week low of $84.14 and a fifty-two week high of $180.81. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.04 and a current ratio of 2.63.

Insider Activity

In other Aptiv news, CEO Kevin P. Clark sold 6,705 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $109.60, for a total transaction of $734,868.00. Following the completion of the transaction, the chief executive officer now owns 652,547 shares in the company, valued at $71,519,151.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Kevin P. Clark sold 6,665 shares of Aptiv stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $89.36, for a total value of $595,584.40. Following the completion of the transaction, the chief executive officer now owns 639,217 shares in the company, valued at $57,120,431.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin P. Clark sold 6,705 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $109.60, for a total transaction of $734,868.00. Following the completion of the sale, the chief executive officer now directly owns 652,547 shares of the company’s stock, valued at approximately $71,519,151.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,370 shares of company stock valued at $1,547,492. 0.41% of the stock is owned by insiders.

Institutional Trading of Aptiv

Institutional investors have recently bought and sold shares of the business. Sender Co & Partners Inc. bought a new stake in Aptiv during the 1st quarter worth about $221,000. Enlightenment Research LLC bought a new position in shares of Aptiv during the first quarter worth approximately $239,000. XTX Topco Ltd increased its holdings in shares of Aptiv by 42.3% during the first quarter. XTX Topco Ltd now owns 2,151 shares of the auto parts company’s stock worth $257,000 after purchasing an additional 639 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Aptiv by 32.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company’s stock worth $268,000 after acquiring an additional 551 shares in the last quarter. Finally, Lido Advisors LLC boosted its position in shares of Aptiv by 18.7% during the 1st quarter. Lido Advisors LLC now owns 2,247 shares of the auto parts company’s stock worth $268,000 after acquiring an additional 354 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Robert W. Baird decreased their price objective on Aptiv from $155.00 to $148.00 in a report on Friday, May 6th. Piper Sandler lowered Aptiv from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $177.00 to $90.00 in a research note on Monday, April 18th. Wells Fargo & Company cut their price objective on Aptiv from $112.00 to $102.00 and set an “equal weight” rating for the company in a research report on Monday, July 11th. StockNews.com upgraded Aptiv from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, The Goldman Sachs Group cut their price objective on Aptiv from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average price target of $155.53.

About Aptiv

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Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.