Short Interest in Aptiv PLC (NYSE:APTV) Declines By 13.7%

Aptiv PLC (NYSE:APTV) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 10,100,000 shares, a decrease of 13.7% from the February 13th total of 11,700,000 shares. Based on an average trading volume of 3,630,000 shares, the short-interest ratio is currently 2.8 days. Currently, 4.5% of the shares of the company are sold short.

Aptiv Trading Down 0.5 %

APTV stock traded down $0.29 during mid-day trading on Wednesday, reaching $62.53. 1,265,826 shares of the stock traded hands, compared to its average volume of 3,224,353. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv has a 52-week low of $51.47 and a 52-week high of $85.56. The company has a market cap of $14.35 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.62 and a beta of 1.78. The stock’s fifty day moving average is $63.69 and its 200-day moving average is $63.31.

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

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 the stock. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Aptiv in the fourth quarter worth approximately $5,428,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Aptiv in the fourth quarter worth approximately $2,891,000. Mackenzie Financial Corp lifted its position in shares of Aptiv by 0.7% in the fourth quarter. Mackenzie Financial Corp now owns 98,241 shares of the auto parts company’s stock worth $5,942,000 after purchasing an additional 666 shares in the last quarter. Formidable Asset Management LLC purchased a new stake in shares of Aptiv in the fourth quarter worth approximately $460,000. Finally, GTS Securities LLC lifted its position in shares of Aptiv by 224.8% in the fourth quarter. GTS Securities LLC now owns 7,769 shares of the auto parts company’s stock worth $470,000 after purchasing an additional 13,993 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on APTV. Raymond James restated a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. Barclays increased their target price on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. UBS Group increased their target price on shares of Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, February 7th. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and increased their target price for the company from $63.00 to $77.00 in a research report on Tuesday, February 4th. Finally, StockNews.com initiated coverage on shares of Aptiv in a research report on Wednesday. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $86.50.

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.