Aptiv PLC (NYSE:APTV) Short Interest Update

Aptiv PLC (NYSE:APTV - Get Free Report) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 6,580,000 shares, a growth of 11.0% from the April 15th total of 5,930,000 shares. Based on an average daily volume of 2,560,000 shares, the short-interest ratio is currently 2.6 days. Approximately 2.4% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley downgraded Aptiv from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $90.00 to $74.00 in a report on Wednesday, February 7th. Barclays reduced their price target on shares of Aptiv from $112.00 to $110.00 and set an "overweight" rating for the company in a report on Thursday, April 11th. Citigroup cut their price objective on shares of Aptiv from $150.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. JPMorgan Chase & Co. upped their target price on shares of Aptiv from $109.00 to $113.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 7th. Finally, Wells Fargo & Company cut their price target on Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $108.31.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares of the company's stock, valued at $7,396,942.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Riverview Trust Co purchased a new stake in shares of Aptiv during the first quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Aptiv during the fourth quarter valued at $29,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Aptiv during the first quarter valued at $28,000. GAMMA Investing LLC purchased a new stake in shares of Aptiv during the fourth quarter valued at $32,000. Finally, Clearstead Trust LLC lifted its holdings in shares of Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company's stock valued at $32,000 after purchasing an additional 305 shares during the last quarter. Institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

APTV stock traded down $0.18 during trading hours on Friday, hitting $82.11. 1,821,957 shares of the stock traded hands, compared to its average volume of 2,668,172. The stock has a 50-day simple moving average of $76.89 and a 200 day simple moving average of $80.23. The company has a market cap of $22.34 billion, a P/E ratio of 7.75, a P/E/G ratio of 0.83 and a beta of 1.90. Aptiv has a one year low of $68.84 and a one year high of $113.60. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share 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 company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the firm posted $0.91 EPS. The business's revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts forecast that Aptiv will post 6.01 earnings per share for the current year.

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.

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