APTV - Aptiv PLC
| Previous Close | 86.59 |
| Open | 86.80 |
| Bid | 88.17 x 800 |
| Ask | 88.17 x 1200 |
| Day's Range | 86.78 - 88.73 |
| 52 Week Range | 58.80 - 91.57 |
| Volume | 347,293 |
| Avg. Volume | 1,146,680 |
| Market Cap | 22.674B |
| Beta (3Y Monthly) | 2.27 |
| PE Ratio (TTM) | 23.56 |
| EPS (TTM) | 3.76 |
| Earnings Date | Oct 30, 2019 |
| Forward Dividend & Yield | 0.88 (1.02%) |
| Ex-Dividend Date | 2019-08-06 |
| 1y Target Est | 93.64 |
- Yahoo Finance Video
U.S. blacklists Chinese entities over human rights concerns
The Trump administration placed 28 Chinese entities on a blacklist, citing alleged human rights violations against Muslim minorities in the country. Firms on the list include surveillance companies and artificial intelligence startups. Tony Nash, Founder & CEO of Complete Intelligence, joins Akiko Fujita on The Ticker to discuss.
- Simply Wall St.
Despite Its High P/E Ratio, Is Aptiv PLC (NYSE:APTV) Still Undervalued?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll...
- Bloomberg
South Korea Speeds Up Plans for Autonomous, Electric and Flying Cars
(Bloomberg) -- South Korea unveiled plans to speed up the adoption of electric cars, self-driving vehicles and even flying automobiles in the coming years to help revive a sagging economy.President Moon Jae-in said in a speech Tuesday Korean companies will invest 60 trillion won ($50 billion) over the next decade into the future of transportation. The government will spend 2.2 trillion won to help develop related technology and help lay the groundwork for the infrastructure needed for things such as robocars, he said. Commercialization of fully autonomous vehicles will occur by 2027, or three years earlier than planned, he said.Moon is betting that the investments will create jobs and spur an export-dependent economy that’s been among the hardest hit from global trade tensions, with the central Bank of Korea warning as recently as this month that it will be difficult to achieve 2.2% growth this year.Moon also predicted that electric and hydrogen-fueled vehicles will account for 33% of automobiles sold in 2030, compared with about 2.6% in 2019. By comparison, China has said it is targeting all-electric cars, plugin hybrids and fuel-celled vehicles to account for 40% of all sales by 2030, a person familiar with the matter has said.To promote sales of these vehicles, the government will consider extending subsidies to buyers and slashing hydrogen prices in half by 2030 from current levels, according to a joint statement by the Ministry of Trade, Industry and Energy and other ministries Tuesday.The government will also encourage operators of buses and trucks to switch to electric and hydrogen vehicles. It will increase the number of EV charging stations to 15,000 locations by 2030 from the current 5,427, while hydrogen refueling spots will increase to 660 from 31, according to the statement.For autonomous driving, the government plans to set up regulations by 2024 so robocars will be able to operate on local roads — with varying degrees of driver supervision.Korea also plans to set up a route system and safety rules by 2023 to start services of personal air vehicles from 2025, it said.In line with the government’s plan, Hyundai Motor Group plans to invest 41 trillion won by 2025 in autonomous vehicles, with some cars being rolled out as soon as 2021. It’s also planning to have a line-up of 23 EVs by 2025.Hyundai last month agreed on an autonomous-driving joint-venture with Aptiv Plc to develop technology needed to put robotaxis on the road by 2022. It also set up a new urban air mobility division to come up with smart products within the aviation industry.(Updates with statement from ministry from fifth paragraph)To contact the reporter on this story: Kyunghee Park in Singapore at kpark3@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Will DaviesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Insider Monkey
Hedge Funds Gave Up On Aptiv PLC (APTV) A Little Bit Too Early
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
- Zacks
Aptiv (APTV) to Benefit From gabocom Buyout: Here's How
The acquisition is expected to help Aptiv (APTV) strengthen its Signal and Power Solutions segment.
- Zacks
Here's Why You Should Retain Aptiv (APTV) in Your Portfolio
Aptiv (APTV) is well positioned to leverage on electrification, connectivity and autonomy trends in the automotive sector.
- PR Newswire
Aptiv to Release Third Quarter 2019 Financial Results
DUBLIN , Oct. 2, 2019 /PRNewswire/ -- Aptiv PLC (NYSE: APTV) will release its third quarter 2019 financial results on October 30 , and will hold an investor call the same day at 8:00 a.m. EDT . The call ...
- Benzinga
Aptiv To Acquire Gabocom For $310M
Aptiv PLC (NYSE: APTV ) will acquire Gabo Systemtechnik GmbH from funds managed by Bregal Unternehmerkapital for $310 million. Based in Germany, Gabocom is a cable management company for the telecommunications ...
- PR Newswire
Aptiv to Acquire gabocom
DUBLIN, Oct. 2, 2019 /PRNewswire/ -- Aptiv PLC (APTV), a global technology company enabling the future of mobility, announced today that it has entered into a definitive agreement to acquire gabo Systemtechnik GmbH ("gabocom") from funds managed by Bregal Unternehmerkapital for approximately $310 million. Based in Germany, gabocom is a leading provider of highly-engineered, high-quality cable management and protection solutions for the telecommunications industry. "gabocom is a strong strategic fit for Aptiv and highly complementary to our HellermannTyton business," said Kevin Clark, President and CEO of Aptiv.
- Simply Wall St.
Aptiv (NYSE:APTV) Shareholders Booked A 41% Gain In The Last Five Years
If you buy and hold a stock for many years, you'd hope to be making a profit. Better yet, you'd like to see the share...
- Moody's
Hyundai Mobis Co., Ltd. -- Moody's: Hyundai Motor group entities' autonomous driving joint venture with Aptiv is credit positive
Moody's Investors Service says that the proposed joint venture (JV) between Hyundai Motor group entities and Aptiv Plc (Baa2 stable) to develop autonomous driving is credit positive for the three affected group companies, namely Hyundai Motor Company (Baa1 negative), Kia Motors Corporation (Baa1 negative) and Hyundai Mobis Co., Ltd. (Baa1 negative). "The proposed JV with Aptiv will provide the Hyundai Motor group companies earlier access to level 4 and 5 autonomous driving technologies, with the potential for accelerated commercialization of such products," says Wan Hee Yoo, a Moody's Vice President and Senior Credit Officer.
- Bloomberg
The Driverless Car Is Dead. Long Live the Driverless Car
(Bloomberg Opinion) -- A $4 billion joint venture between Hyundai Motor Group and Aptiv Plc to develop autonomous cars might look like evidence that the promised land of self-driving vehicles is closer than we thought. In fact, it’s just the opposite.The deal is certainly more than just fine words. Hyundai will be contributing $1.6 billion in cash and $400 million in services, R&D and intellectual property for its 50% share. Aptiv will hand over intellectual property and 700 employees, and the two promise they’ll have an autonomous-driving platform by 2022. Yet for all of Aptiv’s reputation as a leader in advanced autonomous cars – the sort that may eventually dispense with drivers altogether – it’s worth remembering how marginal that target is to the company’s existing business.Don’t get too excited by that 2022 deadline either. It’s easy to miss that it’s not a promise to have fully self-driving cars in widespread use by that date, but merely the first major step down a road of testing and refinement that will only reach its destination nearly a decade later, as the new venture’s head Karl Iagnemma told an investor briefing in June.At first, vehicles will only be able to navigate tightly defined areas of cities in the best driving conditions, and systems will be based on off-the-shelf components, Iagnemma forecast. Areas of deployment will increase in the second half of the 2020s and bespoke components will result in better hardware, he said, but the point when self-driving cars capable of handling most driving situations start coming out of factories will be further off. “2030 is an interesting period, this is when we see it all coming together,” Iagnemma said.So why commit all this money now? For Hyundai, it’s a decent use of the funds sitting around doing nothing on the balance sheets of group companies. Parts-maker Hyundai Mobis Co. alone had 7.88 trillion won ($6.6 billion) in net cash at the end of June while Kia Motors Corp. had 1.23 trillion won. (Hyundai Motor Co., on the other hand, has 49.55 trillion won in net debt; and Hyundai didn’t specify how the funding for the venture would be split among those three companies.) With the yield on 10-year Korean government bonds slipping to a record-low 1.18% last month, the hurdle rate for improving the return on those funds is remarkably low. For Aptiv, it allows the company to hive off its moonshot plans and focus on the places where it actually makes money. Much of that is in surprisingly mundane businesses like cable harnesses for cars’ internal wiring, as well as more future-oriented activities like sensors and data systems. Only about $943 million of its $14.4 billion revenue last year was in “active safety,” and even that category includes technologies that are relatively routine these days, such as automated collision-avoidance braking and sensors to monitor a driver’s alertness. Those 700 employees being transferred over to the new autonomous unit doesn’t sound quite so impressive when compared with Aptiv’s total workforce of 143,000, of which 25,000 are salaried staff.Considering the fervent excitement of a few years ago – when Tesla Inc. was promising full autonomy by, er, 2018, and a conservative industry stalwart like Ford Motor Co. had a target date of 2021 – the current prospects for self-driving cars look bleak. (Ford is still sticking to the 2021 date but says any vehicles produced by that date will be “geo-fenced” – a fancy way of saying they’ll hardly be able to go anywhere.)That might push the pendulum too far, though. What Hyundai and Aptiv are planning is a foot in the door of developing a software and hardware platform for whatever autonomous-driving technologies eventually emerge.With capital and R&D expenditures over the next five years likely to amount to $50 billion or so at the three Hyundai Motor companies alone, this investment is a relatively modest option on becoming the market leader in that category.The hype has gone out of the driverless car business. Now engineers and designers can get to work on the long task of making vehicles truly autonomous.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Reuters
Hyundai Motor Group, Aptiv to set up $4 billion self-driving car venture
SEOUL/NEW YORK (Reuters) - Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv , the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market. Global carmakers and their suppliers are forging alliances to develop autonomous car technologies partly due to the need to share the huge financial and technical burdens. Hyundai has lagged global rivals who have invested heavily into developing new technologies for electrified and autonomous vehicles.
- Reuters
UPDATE 3-Hyundai Motor Group, Aptiv to set up $4 bln self-driving car venture
SEOUL/NEW YORK, Sept 23 (Reuters) - Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv, the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market. Global carmakers and their suppliers are forging alliances to develop autonomous car technologies partly due to the need to share the huge financial and technical burdens.
- Benzinga
Aptiv, Hyundai Motor Form $4B JV To Test Driverless Systems In 2020
Aptiv (NYSE: APTV ) and Hyundai Motor Group have teamed up to form an autonomous driving joint venture which will see the two companies test fully driverless systems in 2020. The companies will aim to ...
- MarketWatch
Aptiv and Hyundai Motor form self-driving venture valued at $4 billion
Aptiv PLC and Hyundai Motor Co. Ltd. said Monday they are forming a self-driving car venture valued at $4 billion. The new entity will work to design, develop and commercialize autonomous vehicles of SAE Level 4 and 5, the companies said in a joint statement. The venture is expected to start testing cars in 2020 and have a production-ready self-driving platform available for robotaxi providers, fleet operators and automotive manufacturers in 2022. The companies each own a 50% stake in the ventures with Dublin-based Aptiv contributing autonomous driving technology, IP and about 700 employees focused on developing products. "Hyundai Motor Group affiliates -- Hyundai Motor, Kia Motors and Hyundai Mobis -- will collectively contribute $1.6 billion in cash at closing and !0.4 billion in vehicle engineering services, R&D resources, and access to intellectual property," said the statement. The venture will be headed by Karl Iagnemma, president of Aptiv Autonomous Mobility and based in Boston. The deal is expected to close in the second quarter of 2020. Aptiv shares were slightly lower premarket, but have gained 41% in 2019, while the S&P 500 has gained 19%.
- PR Newswire
Aptiv and Hyundai Motor Group to Form Autonomous Driving Joint Venture
DUBLIN and SEOUL, South Korea and BOSTON, Sept. 23, 2019 /PRNewswire/ -- Aptiv (APTV) and Hyundai Motor Group announced today that they will be forming an autonomous driving joint venture. This partnership brings together one of the industry's most innovative vehicle technology providers and one of the world's largest vehicle manufacturers.
- Zacks
IQV or APTV: Which Technology Services Stock Should You Hold?
Despite a fast share price rally on a year-to-date basis, Aptiv (APTV)'s valuation is cheap compared with IQVIA Holdings (IQV).
