Aptiv PLC (NYSE:APTV) Short Interest Down 14.1% in March

Aptiv PLC (NYSE:APTV) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 8,680,000 shares, a decline of 14.1% from the February 28th total of 10,100,000 shares. Approximately 3.8% of the shares of the company are sold short. Based on an average trading volume of 3,650,000 shares, the short-interest ratio is presently 2.4 days.

Insider Buying and Selling

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aptiv

A number of hedge funds have recently bought and sold shares of the business. Picton Mahoney Asset Management acquired a new stake in Aptiv in the 4th quarter valued at $37,000. CENTRAL TRUST Co lifted its position in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after acquiring an additional 677 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Aptiv by 164.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company’s stock worth $81,000 after purchasing an additional 848 shares in the last quarter. GeoWealth Management LLC lifted its holdings in Aptiv by 203.2% in the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock valued at $92,000 after purchasing an additional 1,022 shares in the last quarter. Finally, Quarry LP acquired a new stake in Aptiv during the 4th quarter worth $105,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Aptiv stock traded down $5.23 during midday trading on Thursday, hitting $55.55. 1,726,684 shares of the company were exchanged, compared to its average volume of 3,416,777. The business has a fifty day simple moving average of $63.92 and a two-hundred day simple moving average of $62.85. 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 capitalization of $12.75 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. Aptiv has a fifty-two week low of $51.47 and a fifty-two week high of $85.56.

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 the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, sell-side analysts forecast that Aptiv will post 7.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on APTV shares. Evercore ISI reduced their price target on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Barclays upped their price objective on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Royal Bank of Canada boosted their price target on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Oppenheimer lifted their target price on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and an average price target of $86.61.

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.