Short Interest in Aptiv PLC (NYSE:APTV) Declines By 9.4%

Aptiv PLC (NYSE:APTV) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 15,910,000 shares, a decline of 9.4% from the November 15th total of 17,560,000 shares. Based on an average daily volume of 3,740,000 shares, the short-interest ratio is presently 4.3 days. Approximately 6.8% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several analysts have issued reports on APTV shares. Deutsche Bank Aktiengesellschaft cut their target price on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Bank of America reduced their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Oppenheimer lowered their price target on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Royal Bank of Canada reduced their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Guggenheim reiterated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.29.

Aptiv Trading Down 0.2 %

Shares of APTV traded down $0.13 during trading hours on Tuesday, reaching $57.87. 4,385,711 shares of the company traded hands, compared to its average volume of 3,182,093. Aptiv has a 12 month low of $51.47 and a 12 month high of $91.66. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The company’s fifty day moving average price is $60.65 and its two-hundred day moving average price is $67.48. The company has a market capitalization of $13.60 billion, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the firm posted $1.30 EPS. The business’s revenue was down 5.1% on a year-over-year basis. Equities research analysts predict that Aptiv will post 6.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aptiv

A number of institutional investors have recently added to or reduced their stakes in APTV. Massachusetts Financial Services Co. MA lifted its holdings in shares of Aptiv by 15.9% during the second 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 purchasing an additional 1,764,844 shares during the last quarter. FMR LLC raised its stake in Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after buying an additional 1,294,670 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Aptiv by 13.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after buying an additional 905,431 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Aptiv by 1,390.6% in the third 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 acquiring an additional 5,002,090 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after acquiring an additional 1,090,766 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

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.