Aptiv PLC (NYSE:APTV) Short Interest Update

Aptiv PLC (NYSE:APTV) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 8,680,000 shares, a decrease of 14.1% from the February 28th total of 10,100,000 shares. Based on an average daily trading volume, of 3,650,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.8% of the shares of the company are sold short.

Wall Street Analyst Weigh In

APTV has been the topic of several research analyst reports. Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Barclays boosted their target price on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Friday, February 7th. Wells Fargo & Company increased their target price on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Evercore ISI lowered their price target on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.61.

Aptiv Stock Down 8.6 %

Shares of APTV traded down $5.23 during trading hours on Thursday, reaching $55.55. The stock had a trading volume of 1,726,684 shares, compared to its average volume of 3,416,777. The company has a market capitalization of $12.75 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 0.62 and a beta of 1.78. The firm has a 50-day simple moving average of $63.92 and a 200 day simple moving average of $62.85. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv has a 12 month low of $51.47 and a 12 month high of $85.56.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Equities research analysts predict that Aptiv will post 7.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.45% of the stock is owned by company insiders.

Institutional Trading of Aptiv

Several hedge funds have recently added to or reduced their stakes in APTV. South Dakota Investment Council increased its position in shares of Aptiv by 32.9% during the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after buying an additional 31,941 shares during the period. Focus Financial Network Inc. purchased a new position in Aptiv during the fourth quarter valued at $379,000. Public Employees Retirement System of Ohio bought a new position in Aptiv in the 3rd quarter worth about $14,893,000. Shorepath Capital Management LLC lifted its stake in shares of Aptiv by 21.8% in the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after buying an additional 11,835 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in Aptiv by 10.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 109,504 shares of the auto parts company’s stock worth $7,885,000 after acquiring an additional 10,226 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.