Aptiv PLC (NYSE:APTV) Short Interest Update

Aptiv PLC (NYSE:APTV - Get Free Report) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 10,100,000 shares, a decrease of 13.7% from the February 13th total of 11,700,000 shares. Based on an average daily trading volume, of 3,630,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 4.5% of the company's stock are sold short.

Aptiv Stock Performance

NYSE:APTV traded down $0.09 during trading hours on Friday, reaching $62.40. The company had a trading volume of 9,010,698 shares, compared to its average volume of 3,270,812. The firm has a market cap of $14.32 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. Aptiv has a 1-year low of $51.47 and a 1-year high of $85.56. The business's 50 day moving average price is $63.82 and its 200-day moving average price is $63.19. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

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

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Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.45% of the company's stock.

Hedge Funds Weigh In On Aptiv

Institutional investors and hedge funds have recently modified their holdings of the business. Brown Brothers Harriman & Co. boosted its position in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after purchasing an additional 409 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Aptiv during the 4th quarter valued at approximately $37,000. Brooklyn Investment Group acquired a new stake in Aptiv in the 3rd quarter valued at $43,000. CENTRAL TRUST Co increased its holdings in Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock worth $52,000 after acquiring an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in Aptiv during the third quarter worth $64,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Analyst Upgrades and Downgrades

APTV has been the topic of several recent analyst reports. StockNews.com initiated coverage on Aptiv in a research report on Wednesday. They set a "hold" rating on the stock. HSBC upgraded Aptiv from a "hold" rating to a "buy" rating and boosted their price target for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. Raymond James reaffirmed a "market perform" rating on shares of Aptiv in a research report on Monday, February 3rd. Wells Fargo & Company boosted their target price on shares of Aptiv from $76.00 to $86.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $73.00 price target on shares of Aptiv in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.61.

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.