Aptiv PLC (NYSE:APTV) Short Interest Update

Aptiv PLC (NYSE:APTV - Get Free Report) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 22,750,000 shares, a decline of 11.1% from the October 15th total of 25,580,000 shares. Based on an average daily volume of 3,450,000 shares, the days-to-cover ratio is currently 6.6 days. Currently, 10.0% of the company's stock are short sold.

Hedge Funds Weigh In On Aptiv

Several institutional investors have recently made changes to their positions in APTV. Independence Bank of Kentucky bought a new position in Aptiv in the 2nd quarter worth approximately $25,000. Crewe Advisors LLC lifted its position in Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company's stock worth $31,000 after purchasing an additional 215 shares during the period. Brown Brothers Harriman & Co. lifted its position in Aptiv by 1,410.3% in 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 during the period. Wolff Wiese Magana LLC lifted its position in Aptiv by 44.3% in the third 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 during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in Aptiv in the second quarter worth approximately $38,000. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Down 2.0 %

Aptiv stock traded down $1.10 during midday trading on Friday, hitting $52.93. The stock had a trading volume of 7,780,257 shares, compared to its average volume of 4,458,853. The stock has a market cap of $12.44 billion, a P/E ratio of 5.91, a P/E/G ratio of 0.47 and a beta of 1.81. The business has a fifty day moving average price of $66.50 and a 200 day moving average price of $71.34. Aptiv has a 12 month low of $52.14 and a 12 month high of $91.66. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business's revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 earnings per share. Research analysts predict that Aptiv will post 6.18 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on APTV. JPMorgan Chase & Co. boosted their price objective on Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Nomura Securities upgraded Aptiv from a "strong sell" rating to a "hold" rating in a research note on Monday, August 19th. TD Cowen reduced their price objective on Aptiv from $95.00 to $74.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Barclays cut their price target on Aptiv from $100.00 to $80.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. Finally, Wells Fargo & Company upgraded Aptiv from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $78.00 to $87.00 in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.53.

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.