Aptiv Sees Unusually High Options Volume (NYSE:APTV)

Aptiv PLC (NYSE:APTV) was the target of some unusual options trading on Thursday. Stock traders purchased 8,809 call options on the company. This represents an increase of 387% compared to the average daily volume of 1,810 call options.

Aptiv Trading Up 2.1 %

Aptiv stock opened at $68.98 on Friday. The stock has a 50-day moving average of $77.61 and a two-hundred day moving average of $79.82. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. Aptiv has a one year low of $65.13 and a one year high of $113.60. The stock has a market cap of $18.77 billion, a PE ratio of 6.50, a price-to-earnings-growth ratio of 0.70 and a beta of 1.87.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period last year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, research analysts anticipate that Aptiv will post 6.01 EPS for the current fiscal year.

Insider Buying and Selling at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the transaction, the director now directly owns 13,636 shares in the company, valued at approximately $1,049,699.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Aptiv

Several hedge funds and other institutional investors have recently bought and sold shares of APTV. Financial Advocates Investment Management grew its holdings in Aptiv by 5.9% in the fourth quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock valued at $211,000 after purchasing an additional 132 shares during the period. Broderick Brian C raised its position in Aptiv by 0.6% in the first quarter. Broderick Brian C now owns 21,728 shares of the auto parts company’s stock valued at $1,731,000 after purchasing an additional 132 shares during the period. Sequoia Financial Advisors LLC raised its position in Aptiv by 2.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock valued at $578,000 after purchasing an additional 145 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Aptiv by 11.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock valued at $130,000 after buying an additional 146 shares during the period. Finally, Bangor Savings Bank raised its holdings in shares of Aptiv by 1.4% in the 4th quarter. Bangor Savings Bank now owns 11,648 shares of the auto parts company’s stock valued at $1,045,000 after buying an additional 163 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on APTV shares. JPMorgan Chase & Co. boosted their price target on Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Robert W. Baird increased their price target on Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. StockNews.com downgraded Aptiv from a “buy” rating to a “hold” rating in a research report on Wednesday. Guggenheim upped their price objective on Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Piper Sandler downgraded Aptiv from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $78.00 to $63.00 in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $105.08.

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.