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

Aptiv PLC (NYSE:APTV) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 7,450,000 shares, a growth of 11.2% from the June 30th total of 6,700,000 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average trading volume of 2,960,000 shares, the short-interest ratio is currently 2.5 days.

Aptiv Stock Up 0.2 %

Shares of NYSE:APTV traded up $0.15 during trading hours on Monday, hitting $68.89. The company’s stock had a trading volume of 2,412,482 shares, compared to its average volume of 2,812,394. Aptiv has a 52 week low of $65.13 and a 52 week high of $113.14. 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 company has a market capitalization of $18.74 billion, a price-to-earnings ratio of 6.49, a P/E/G ratio of 0.66 and a beta of 1.79. The firm’s fifty day moving average price is $74.31 and its 200 day moving average price is $77.12.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating 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 business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, research analysts expect that Aptiv will post 5.94 EPS for the current year.

Insider Activity at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of Aptiv stock in a transaction dated Wednesday, June 12th. The shares were 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 of the company’s stock, valued at approximately $1,049,699.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Aptiv by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,697,555 shares of the auto parts company’s stock worth $2,843,905,000 after acquiring an additional 325,550 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Aptiv by 17.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,520,838 shares of the auto parts company’s stock worth $854,210,000 after acquiring an additional 1,405,569 shares in the last quarter. Impax Asset Management Group plc raised its stake in shares of Aptiv by 7.1% during the 4th quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock worth $651,978,000 after acquiring an additional 483,157 shares in the last quarter. Capital World Investors bought a new position in shares of Aptiv during the 1st quarter worth approximately $343,760,000. Finally, Clearbridge Investments LLC raised its stake in shares of Aptiv by 3.1% during the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock worth $343,728,000 after acquiring an additional 131,431 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

APTV has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Barclays decreased their price objective on shares of Aptiv from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. The Goldman Sachs Group decreased their price objective on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Guggenheim lifted their price objective on shares of Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Evercore ISI decreased their price objective on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.71.

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.