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

Aptiv PLC (NYSE:APTV) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 6,640,000 shares, a drop 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 short-interest ratio is currently 2.6 days.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Robert W. Baird raised their target price on Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. boosted their price objective on Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. StockNews.com lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Wells Fargo & Company lowered their price target on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 25th. Finally, Guggenheim upped their price target on shares of Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $105.08.

Aptiv Price Performance

Aptiv stock opened at $69.45 on Wednesday. The stock has a market cap of $18.89 billion, a price-to-earnings ratio of 6.55, a PEG ratio of 0.67 and a beta of 1.79. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $77.58 and a 200 day simple moving average of $79.51. Aptiv has a 52 week low of $65.13 and a 52 week high of $113.60.

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

Insider Buying and Selling at Aptiv

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the company’s stock in a transaction 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 transaction, the director now owns 13,636 shares in the company, valued at approximately $1,049,699.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Aptiv

A number of hedge funds have recently made changes to their positions in APTV. Riverview Trust Co bought a new stake in Aptiv in the first quarter worth $25,000. Hazlett Burt & Watson Inc. bought a new stake in Aptiv in the 1st quarter worth $28,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Aptiv in the fourth quarter valued at about $29,000. GAMMA Investing LLC bought a new position in Aptiv during the 4th quarter valued at approximately $32,000. Finally, Clearstead Trust LLC lifted its stake in Aptiv by 305.0% in the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 305 shares during the period. 94.21% of the stock is owned by institutional investors.

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.