Aptiv PLC (NYSE:APTV) to Post Q4 2022 Earnings of $1.19 Per Share, Jefferies Financial Group Forecasts

Aptiv PLC (NYSE:APTVGet Rating) – Equities research analysts at Jefferies Financial Group lowered their Q4 2022 earnings estimates for shares of Aptiv in a report issued on Sunday, January 22nd. Jefferies Financial Group analyst D. Kelley now anticipates that the auto parts company will earn $1.19 per share for the quarter, down from their previous estimate of $1.30. The consensus estimate for Aptiv’s current full-year earnings is $3.35 per share.

Aptiv (NYSE:APTVGet Rating) last issued its earnings results on Thursday, November 3rd. The auto parts company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.24. The company had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.30 billion. Aptiv had a net margin of 2.21% and a return on equity of 9.06%. Aptiv’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS.

Several other analysts have also recently commented on APTV. StockNews.com assumed coverage on shares of Aptiv in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Citigroup decreased their price target on shares of Aptiv from $150.00 to $128.00 and set a “buy” rating on the stock in a research note on Wednesday, September 28th. Morgan Stanley cut shares of Aptiv from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $120.00 to $105.00 in a research note on Monday, November 28th. Royal Bank of Canada decreased their price target on shares of Aptiv from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, December 15th. Finally, Bank of America cut shares of Aptiv from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $151.00 to $120.00 in a research note on Monday, January 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $137.44.

Aptiv Trading Down 1.2 %

Shares of Aptiv stock opened at $106.02 on Tuesday. The company has a market capitalization of $28.73 billion, a P/E ratio of 92.19, a P/E/G ratio of 1.93 and a beta of 2.01. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.10 and a current ratio of 2.66. The company has a fifty day moving average of $99.32 and a 200 day moving average of $96.22. Aptiv has a fifty-two week low of $77.96 and a fifty-two week high of $147.05.

Insiders Place Their Bets

In other Aptiv news, CEO Kevin P. Clark sold 6,665 shares of the company’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $95.34, for a total value of $635,441.10. Following the transaction, the chief executive officer now directly owns 559,237 shares in the company, valued at approximately $53,317,655.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Aptiv

A number of hedge funds have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. boosted its stake in shares of Aptiv by 176.0% during the second quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 176 shares in the last quarter. Guardian Wealth Advisors LLC bought a new position in shares of Aptiv during the third quarter valued at approximately $28,000. Lindbrook Capital LLC boosted its stake in shares of Aptiv by 82.7% during the second quarter. Lindbrook Capital LLC now owns 349 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 158 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Aptiv by 147.7% during the second quarter. First Horizon Advisors Inc. now owns 384 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 229 shares in the last quarter. Finally, Riverview Trust Co boosted its stake in shares of Aptiv by 122.9% during the second quarter. Riverview Trust Co now owns 399 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 220 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

Aptiv Company Profile

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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.

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