Aptiv PLC (NYSE:APTV) Sees Large Decline in Short Interest

Aptiv PLC (NYSE:APTV) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 6,640,000 shares, a decline of 5.0% from the May 31st total of 6,990,000 shares. Based on an average daily trading volume, of 2,560,000 shares, the days-to-cover ratio is presently 2.6 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on APTV shares. Guggenheim upped their target price on Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. upped their target price on Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Oppenheimer decreased their target price on Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Wells Fargo & Company reduced their price objective on Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 25th. Finally, Barclays reduced their price objective on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Aptiv presently has a consensus rating of “Hold” and an average target price of $105.08.

Insider Activity 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 value of $30,330.12. Following the completion of the sale, the director now owns 13,636 shares of the company’s stock, valued at approximately $1,049,699.28. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.34% of the stock is currently owned by company insiders.

Institutional Trading of Aptiv

Hedge funds and other institutional investors have recently made changes to their positions in the business. Riverview Trust Co acquired a new stake in shares of Aptiv in the first quarter valued at $25,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of Aptiv in the first quarter valued at $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Aptiv in the fourth quarter valued at $29,000. GAMMA Investing LLC acquired a new stake in shares of Aptiv in the fourth quarter valued at $32,000. Finally, Clearstead Trust LLC increased its stake in shares of Aptiv by 305.0% in the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after buying an additional 305 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Performance

Aptiv stock opened at $69.45 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. The stock has a fifty day moving average price of $77.58 and a two-hundred day moving average price of $79.51. Aptiv has a 52-week low of $65.13 and a 52-week high of $113.60. The firm has a market capitalization of $18.89 billion, a P/E ratio of 6.55, a P/E/G ratio of 0.67 and a beta of 1.79.

Aptiv (NYSE:APTV) last released 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 analyst estimates of $4.99 billion. During the same period in the prior year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, analysts anticipate that Aptiv will post 6.01 EPS 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.