Aptiv PLC (NYSE:APTV) Short Interest Update

Aptiv PLC (NYSE:APTV) saw a significant growth in short interest in February. As of February 29th, there was short interest totalling 6,380,000 shares, a growth of 6.2% from the February 14th total of 6,010,000 shares. Based on an average daily volume of 2,850,000 shares, the short-interest ratio is presently 2.2 days.

Aptiv Stock Up 0.7 %

APTV stock traded up $0.57 during trading on Monday, reaching $77.81. The stock had a trading volume of 1,753,379 shares, compared to its average volume of 2,912,004. The company has a market capitalization of $21.22 billion, a P/E ratio of 7.51, a PEG ratio of 0.99 and a beta of 1.90. The firm has a fifty day moving average price of $80.45 and a 200 day moving average price of $86.26. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. Aptiv has a 1-year low of $71.01 and a 1-year high of $113.60.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. On average, equities analysts anticipate that Aptiv will post 5.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on APTV shares. Piper Sandler reduced their price target on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Wells Fargo & Company lifted their target price on shares of Aptiv from $79.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. lowered their target price on shares of Aptiv from $135.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Morgan Stanley cut shares of Aptiv from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $90.00 to $74.00 in a research note on Wednesday, February 7th. Finally, Robert W. Baird cut shares of Aptiv from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $105.00 to $96.00 in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $113.57.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the sale, the senior vice president now directly owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by insiders.

Institutional Trading of Aptiv

A number of institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. lifted its position in shares of Aptiv by 5.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,839 shares of the auto parts company’s stock valued at $1,657,000 after acquiring an additional 732 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Aptiv by 127.8% in the 1st quarter. Panagora Asset Management Inc. now owns 10,798 shares of the auto parts company’s stock worth $1,293,000 after acquiring an additional 6,057 shares during the period. Synovus Financial Corp grew its position in Aptiv by 15.0% in the 1st quarter. Synovus Financial Corp now owns 3,395 shares of the auto parts company’s stock worth $406,000 after purchasing an additional 443 shares during the last quarter. Cibc World Market Inc. grew its position in Aptiv by 25.4% in the 1st quarter. Cibc World Market Inc. now owns 5,600 shares of the auto parts company’s stock worth $670,000 after purchasing an additional 1,133 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Aptiv by 32.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company’s stock worth $268,000 after purchasing an additional 551 shares during the last quarter. 89.13% of the stock is owned by institutional investors and hedge funds.

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.