Piper Jaffray Companies Weighs in on Aptiv PLC’s Q2 2021 Earnings (NYSE:APTV)
Aptiv PLC (NYSE:APTV) – Research analysts at Piper Jaffray Companies issued their Q2 2021 earnings per share (EPS) estimates for shares of Aptiv in a note issued to investors on Monday, December 2nd. Piper Jaffray Companies analyst A. Potter forecasts that the auto parts company will post earnings per share of $1.55 for the quarter. Piper Jaffray Companies has a “Overweight” rating and a $114.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Aptiv’s Q3 2021 earnings at $1.50 EPS.
Aptiv (NYSE:APTV) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $1.27 EPS for the quarter, hitting the consensus estimate of $1.27. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.61 billion. Aptiv had a return on equity of 34.88% and a net margin of 6.99%. Aptiv’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share.
APTV opened at $91.83 on Wednesday. The firm has a fifty day moving average price of $91.95 and a 200 day moving average price of $83.29. Aptiv has a 1 year low of $58.80 and a 1 year high of $97.64. The stock has a market cap of $23.97 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.81 and a beta of 2.03. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.39 and a quick ratio of 1.04.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a $0.22 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.88 annualized dividend and a yield of 0.96%. Aptiv’s dividend payout ratio is currently 16.73%.
In other Aptiv news, CFO Joseph R. Massaro sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $89.56, for a total transaction of $250,768.00. Also, CAO Allan J. Brazier sold 4,752 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $90.00, for a total value of $427,680.00. 0.40% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Aptiv by 6.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 45,290,324 shares of the auto parts company’s stock valued at $3,660,817,000 after buying an additional 2,805,856 shares during the last quarter. State Street Corp raised its stake in shares of Aptiv by 0.9% during the third quarter. State Street Corp now owns 10,883,663 shares of the auto parts company’s stock worth $951,451,000 after buying an additional 94,635 shares during the last quarter. Generation Investment Management LLP raised its stake in shares of Aptiv by 34.0% during the second quarter. Generation Investment Management LLP now owns 5,659,743 shares of the auto parts company’s stock worth $457,477,000 after buying an additional 1,437,306 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Aptiv by 0.9% during the second quarter. Janus Henderson Group PLC now owns 4,511,620 shares of the auto parts company’s stock worth $365,003,000 after buying an additional 41,542 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Aptiv by 11.5% in the second quarter. Invesco Ltd. now owns 3,821,137 shares of the auto parts company’s stock valued at $308,864,000 after buying an additional 395,530 shares during the period. 93.52% of the stock is owned by institutional investors and hedge funds.
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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