Aptiv PLC (NYSE:APTV) Short Interest Down 9.4% in November

Aptiv PLC (NYSE:APTV - Get Free Report) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 15,910,000 shares, a drop of 9.4% from the November 15th total of 17,560,000 shares. Approximately 6.8% of the shares of the stock are sold short. Based on an average trading volume of 3,740,000 shares, the short-interest ratio is currently 4.3 days.

Analyst Ratings Changes

APTV has been the topic of several research reports. Guggenheim reissued a "buy" rating and issued a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. Royal Bank of Canada dropped their target price on shares of Aptiv from $82.00 to $72.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Nomura Securities raised shares of Aptiv from a "strong sell" rating to a "hold" rating in a report on Monday, August 19th. Bank of America dropped their price objective on shares of Aptiv from $105.00 to $102.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Finally, Fox Advisors lowered Aptiv from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Aptiv has a consensus rating of "Moderate Buy" and an average price target of $85.29.

Hedge Funds Weigh In On Aptiv

Large investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company's stock worth $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Harris Associates L P acquired a new stake in shares of Aptiv in the third quarter worth $162,640,000. Point72 Asset Management L.P. purchased a new position in shares of Aptiv in the 3rd quarter valued at $143,909,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Aptiv by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company's stock valued at $905,681,000 after acquiring an additional 1,764,844 shares in the last quarter. Finally, FMR LLC boosted its position in Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Trading Down 1.0 %

Aptiv stock traded down $0.57 during trading on Friday, reaching $57.97. The company had a trading volume of 3,350,667 shares, compared to its average volume of 3,168,490. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The firm has a market capitalization of $13.63 billion, a price-to-earnings ratio of 6.47, a PEG ratio of 0.59 and a beta of 1.78. Aptiv has a 12-month low of $51.47 and a 12-month high of $91.66. The stock's 50 day moving average price is $60.90 and its two-hundred day moving average price is $67.74.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the firm posted $1.30 EPS. The business's revenue for the quarter was down 5.1% on a year-over-year basis. As a group, equities analysts expect that Aptiv will post 6.15 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.