Aptiv PLC (NYSE:APTV) Sees Significant Growth in Short Interest

Aptiv PLC (NYSE:APTV) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 11,700,000 shares, an increase of 37.8% from the January 31st total of 8,490,000 shares. Based on an average daily volume of 3,540,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 5.1% of the shares of the stock are short sold.

Aptiv Trading Down 2.0 %

NYSE:APTV traded down $1.27 on Tuesday, reaching $62.74. The company’s stock had a trading volume of 5,651,454 shares, compared to its average volume of 3,362,565. Aptiv has a 1-year low of $51.47 and a 1-year high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm has a market cap of $14.40 billion, a PE ratio of 9.12, a PEG ratio of 0.62 and a beta of 1.74. The business’s 50-day moving average price is $63.00 and its two-hundred day moving average price is $63.81.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Equities research analysts anticipate that Aptiv will post 7.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. South Dakota Investment Council grew its stake in Aptiv by 32.9% in the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after acquiring an additional 31,941 shares during the period. Proactive Wealth Strategies LLC acquired a new position in shares of Aptiv during the third quarter worth about $1,815,000. Focus Financial Network Inc. acquired a new position in shares of Aptiv during the fourth quarter worth about $379,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Aptiv by 73.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after buying an additional 47,215 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Aptiv during the third quarter worth about $14,893,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Argus upgraded Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. Morgan Stanley cut their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. Oppenheimer lifted their price objective on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $75.00 to $82.00 in a research report on Monday, January 27th. Finally, Barclays boosted their target price on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.61.

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.