Aptiv PLC (NYSE:APTV) Sees Significant Increase in Short Interest

Aptiv PLC (NYSE:APTV) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 7,960,000 shares, an increase of 6.8% from the July 15th total of 7,450,000 shares. Based on an average daily trading volume, of 3,190,000 shares, the short-interest ratio is presently 2.5 days. Approximately 3.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several research firms have recently commented on APTV. Guggenheim raised their target price on shares of Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Barclays lowered their price target on Aptiv from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Oppenheimer reissued an “outperform” rating and set a $145.00 price objective on shares of Aptiv in a research report on Tuesday, July 9th. UBS Group lowered their price objective on Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company cut their price objective on Aptiv from $82.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $96.64.

Insider Activity at Aptiv

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the sale, the director now directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aptiv

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Riverview Trust Co acquired a new position in shares of Aptiv in the first quarter valued at approximately $25,000. Independence Bank of Kentucky acquired a new position in shares of Aptiv in the second quarter worth $25,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Aptiv during the first quarter worth $28,000. Crewe Advisors LLC raised its stake in shares of Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 215 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in Aptiv in the fourth quarter valued at $32,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Trading Up 0.3 %

Aptiv stock traded up $0.24 during trading on Friday, reaching $68.93. 2,273,896 shares of the company were exchanged, compared to its average volume of 2,959,237. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $70.51 and its two-hundred day simple moving average is $75.83. The company has a market capitalization of $18.75 billion, a P/E ratio of 6.50, a PEG ratio of 0.66 and a beta of 1.79. Aptiv has a 52-week low of $65.13 and a 52-week high of $104.72.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.42 by $0.16. The firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 EPS. On average, equities research analysts expect that Aptiv will post 6.3 earnings per share for the current fiscal year.

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.