Healthy Upside Potential: Aptiv PLC (APTV)

Aptiv PLC (NYSE: APTV) stock jumped 1.20% on Friday to $109.74 against a previous-day closing price of $108.44. With 2.29 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.05 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $110.35 whereas the lowest price it dropped to was $108.24. The 52-week range on APTV shows that it touched its highest point at $180.81 and its lowest point at $84.14 during that stretch. It currently has a 1-year price target of $138.41. Beta for the stock currently stands at 2.01.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of APTV was up-trending over the past week, with a rise of 9.42%, but this was up by 21.09% over a month. Three-month performance surged to 1.98% while six-month performance fell -21.61%. The stock lost -35.12% in the past year, while it has lost -33.47% so far this year. A look at the trailing 12-month EPS for APTV yields 1.18 with Next year EPS estimates of 5.72. For the next quarter, that number is 0.58. This implies an EPS growth rate of -70.30% for this year and 48.61% for next year. EPS is expected to grow by 49.34% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -8.60%.

Float and Shares Shorts:

At present, 270.79 million APTV shares are outstanding with a float of 269.75 million shares on hand for trading. On Jul 14, 2022, short shares totaled 4.29 million, which was 1.58% higher than short shares on Jun 14, 2022. In addition to Mr. Kevin P. Clark as the firm’s Pres, Chairman & CEO, Mr. Joseph R. Massaro serves as its Sr. VP of Bus. Operations & CFO.

Institutional Ownership:

Through their ownership of 98.50% of APTV’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.26% of APTV, in contrast to 35.28% held by mutual funds. Shares owned by individuals account for 0.80%. As the largest shareholder in APTV with 10.24% of the stake, The Vanguard Group, Inc. holds 27,748,522 shares worth 27,748,522. A second-largest stockholder of APTV, BlackRock Fund Advisors, holds 12,878,365 shares, controlling over 4.75% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in APTV, holding 10,953,523 shares or 4.04% stake. With a 2.95% stake in APTV, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 7,990,930 shares are owned by the mutual fund manager. The Vanguard Mid Cap Index Fund, which owns about 2.30% of APTV stock, is the second-largest Mutual Fund holder. It holds 6,237,552 shares valued at 555.58 million. Vanguard 500 Index Fund holds 2.21% of the stake in APTV, owning 5,997,199 shares worth 534.17 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for APTV since 26 analysts follow the stock currently. There are 15 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 4 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With APTV analysts setting a high price target of $181.00 and a low target of $72.00, the average target price over the next 12 months is $139.68. Based on these targets, APTV could surge 64.94% to reach the target high and fall by -34.39% to reach the target low. Reaching the average price target will result in a growth of 27.28% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. APTV will report FY 2022 earnings on 02/02/2023. Analysts have provided yearly estimates in a range of $4.20 being high and $3.40 being low. For APTV, this leads to a yearly average estimate of $3.84. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Aptiv PLC surprised analysts by $0.02 when it reported $0.63 EPS against a consensus estimate of $0.61. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $1.16 and the low estimate is $0.37. The average estimate for the next quarter is thus $0.60.

Summary of Insider Activity:

Insiders traded APTV stock several times over the past three months with 0 Buys and 27 Sells. In these transactions, 0 shares were bought while 40,440 shares were sold. The number of buy transactions has increased to 35 while that of sell transactions has risen to 124 over the past year. The total number of shares bought during that period was 243,866 while 317,328 shares were sold.

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