Aptiv Sees Unusually Large Options Volume (APTV)

Aptiv PLC (NYSE:APTV) was the target of unusually large options trading on Tuesday. Traders bought 2,546 call options on the company. This is an increase of approximately 708% compared to the typical volume of 315 call options.

A number of analysts have commented on APTV shares. Guggenheim started coverage on Aptiv in a report on Monday, November 27th. They issued a “buy” rating and a $70.00 target price for the company. Jefferies Group set a $100.00 price objective on Aptiv and gave the stock a “buy” rating in a report on Monday, December 18th. Royal Bank of Canada started coverage on Aptiv in a report on Monday, December 4th. They issued an “outperform” rating and a $60.00 price objective for the company. Barclays set a $114.00 price objective on Aptiv and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Citigroup lifted their price objective on Aptiv from $115.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $97.84.

In other Aptiv news, Director Frank J. Dellaquila bought 500 shares of Aptiv stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $86.50 per share, with a total value of $43,250.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frank J. Dellaquila bought 1,000 shares of Aptiv stock in a transaction on Friday, December 15th. The stock was acquired at an average cost of $83.88 per share, with a total value of $83,880.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 24,000 shares of company stock valued at $2,104,430. Corporate insiders own 0.31% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in APTV. Two Sigma Investments LP purchased a new position in shares of Aptiv in the fourth quarter valued at about $3,722,000. Two Sigma Advisers LP purchased a new position in shares of Aptiv in the fourth quarter valued at about $17,886,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Aptiv in the fourth quarter valued at about $13,054,000. Kendall Capital Management purchased a new position in shares of Aptiv in the fourth quarter valued at about $991,000. Finally, Cornercap Investment Counsel Inc. purchased a new position in shares of Aptiv in the fourth quarter valued at about $943,000. 88.20% of the stock is owned by institutional investors and hedge funds.

Aptiv (NYSE APTV) traded up $1.92 during trading hours on Wednesday, reaching $92.69. The company’s stock had a trading volume of 1,674,978 shares, compared to its average volume of 2,166,853. Aptiv has a twelve month low of $61.73 and a twelve month high of $96.91. The company has a quick ratio of 1.29, a current ratio of 1.59 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $24,308.39, a price-to-earnings ratio of 18.28, a PEG ratio of 1.43 and a beta of 1.49.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 1st. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.05). Aptiv had a net margin of 8.27% and a return on equity of 50.01%. The company had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the firm posted $1.83 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. equities analysts anticipate that Aptiv will post 5.15 earnings per share for the current year.

The business also recently declared a Not Available dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, February 2nd. Aptiv’s dividend payout ratio is presently 17.43%.

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Aptiv Company Profile

Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.

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