Short Interest in Aptiv PLC (NYSE:APTV) Decreases By 22.7%

Aptiv PLC (NYSE:APTV - Get Free Report) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 8,490,000 shares, a drop of 22.7% from the January 15th total of 10,990,000 shares. Based on an average daily volume of 3,850,000 shares, the short-interest ratio is presently 2.2 days. Approximately 3.7% of the company's shares are sold short.

Institutional Trading of Aptiv

Large investors have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC boosted its stake in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock worth $36,000 after purchasing an additional 155 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Aptiv by 16.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company's stock valued at $88,000 after buying an additional 176 shares in the last quarter. Covestor Ltd grew its holdings in Aptiv by 11.4% during the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after buying an additional 186 shares in the last quarter. Boston Common Asset Management LLC grew its holdings in shares of Aptiv by 4.8% in the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock valued at $249,000 after purchasing an additional 188 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Aptiv by 4.9% in the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company's stock valued at $334,000 after purchasing an additional 218 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

Analyst Ratings Changes

APTV has been the topic of a number of research analyst reports. Argus upgraded shares of Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. UBS Group raised their target price on shares of Aptiv from $82.00 to $91.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Robert W. Baird raised shares of Aptiv from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $75.00 to $82.00 in a research report on Monday, January 27th. HSBC raised shares of Aptiv from a "hold" rating to a "buy" rating and lifted their target price for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. Finally, Oppenheimer lifted their target price on shares of Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $85.61.

Aptiv Stock Performance

NYSE:APTV traded down $0.21 on Wednesday, reaching $66.67. 1,828,123 shares of the company's stock were exchanged, compared to its average volume of 3,270,723. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 9.69, a P/E/G ratio of 0.62 and a beta of 1.74. Aptiv has a 52 week low of $51.47 and a 52 week high of $85.56. The stock has a fifty day simple moving average of $61.51 and a 200-day simple moving average of $63.98.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, sell-side analysts predict that Aptiv will post 7.2 earnings per share for the current year.

About Aptiv

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.