Short Interest in Aptiv PLC (NYSE:APTV) Increases By 37.8%

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 trading volume, of 3,540,000 shares, the short-interest ratio is presently 3.3 days. Approximately 5.1% of the company’s stock are short sold.

Aptiv Stock Up 3.6 %

Shares of NYSE APTV traded up $2.28 during midday trading on Wednesday, reaching $65.08. 1,507,877 shares of the company’s stock were exchanged, compared to its average volume of 3,315,583. The stock has a market capitalization of $14.93 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. Aptiv has a 52-week low of $51.47 and a 52-week 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 business’s fifty day moving average price is $63.00 and its two-hundred day moving average price is $63.81.

Aptiv (NYSE:APTV) last announced 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%. Analysts forecast that Aptiv will post 7.2 EPS for the current year.

Hedge Funds Weigh In On Aptiv

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its stake in Aptiv by 16.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock valued at $88,000 after acquiring an additional 176 shares in the last quarter. Covestor Ltd increased its stake in shares of Aptiv by 11.4% during the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock valued at $110,000 after acquiring an additional 186 shares during the period. Boston Common Asset Management LLC raised its holdings in Aptiv by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock worth $249,000 after purchasing an additional 188 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Aptiv by 4.9% in the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock worth $334,000 after purchasing an additional 218 shares during the period. Finally, Horizon Investments LLC boosted its stake in Aptiv by 6.1% during the 4th quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock valued at $231,000 after purchasing an additional 219 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APTV has been the subject of several recent research reports. StockNews.com assumed coverage on shares of Aptiv in a report on Monday. They set a “hold” rating for the company. Wells Fargo & Company raised their price objective on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and lifted their price target for the company from $63.00 to $77.00 in a research report on Tuesday, February 4th. Finally, Barclays upped their price target on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $85.61.

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.