Aptiv (NYSE:APTV) Releases Earnings Results, Misses Expectations By $0.36 EPS

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

Aptiv Price Performance

Shares of APTV opened at $98.41 on Friday. The company has a market capitalization of $26.66 billion, a P/E ratio of 234.31, a price-to-earnings-growth ratio of 2.28 and a beta of 2.00. The company has a quick ratio of 2.04, a current ratio of 2.63 and a debt-to-equity ratio of 0.78. The firm has a 50 day moving average of $97.32 and a 200 day moving average of $110.01. Aptiv has a twelve month low of $84.14 and a twelve month high of $180.81.

Analyst Ratings Changes

A number of research firms have recently weighed in on APTV. Raymond James dropped their target price on shares of Aptiv from $158.00 to $145.00 in a report on Friday. Guggenheim decreased their price target on shares of Aptiv from $180.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. Morgan Stanley decreased their price target on shares of Aptiv from $155.00 to $149.00 and set an “overweight” rating for the company in a research note on Thursday, July 14th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Aptiv from $136.00 to $132.00 and set a “buy” rating for the company in a research note on Friday. Finally, Piper Sandler downgraded shares of Aptiv from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $177.00 to $90.00 in a research note on Monday, April 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $155.53.

Insider Activity at Aptiv

In related news, 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 value of $734,868.00. Following the sale, 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 Securities & Exchange Commission, which is available at the SEC website. In related news, 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 value of $734,868.00. Following the sale, 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 Securities & Exchange Commission, which is available at the SEC website. Also, SVP William T. Presley sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $108.52, for a total transaction of $217,040.00. Following the completion of the sale, the senior vice president now owns 45,681 shares in the company, valued at approximately $4,957,302.12. The disclosure for this sale can be found here. Insiders sold 15,370 shares of company stock valued at $1,547,492 over the last 90 days. Corporate insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of APTV. Founders Financial Securities LLC raised its position in shares of Aptiv by 6.2% during the 1st quarter. Founders Financial Securities LLC now owns 2,565 shares of the auto parts company’s stock valued at $307,000 after purchasing an additional 149 shares during the period. Kinneret Advisory LLC raised its position in shares of Aptiv by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 7,637 shares of the auto parts company’s stock valued at $914,000 after purchasing an additional 170 shares during the period. Lido Advisors LLC raised 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 valued at $268,000 after purchasing an additional 354 shares during the period. United Capital Financial Advisers LLC raised its position in shares of Aptiv by 0.9% during the 1st quarter. United Capital Financial Advisers LLC now owns 47,261 shares of the auto parts company’s stock valued at $5,658,000 after purchasing an additional 408 shares during the period. Finally, Synovus Financial Corp raised its position in shares of Aptiv by 15.0% during the 1st quarter. Synovus Financial Corp now owns 3,395 shares of the auto parts company’s stock valued at $406,000 after purchasing an additional 443 shares during the period. Hedge funds and other institutional investors own 91.08% of the company’s stock.

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.