Aptiv PLC (NYSE:APTV) Short Interest Down 22.7% in January

Aptiv PLC (NYSE:APTV) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 8,490,000 shares, a drop of 22.7% from the January 15th total of 10,990,000 shares. Based on an average daily volume of 3,850,000 shares, the short-interest ratio is currently 2.2 days. Currently, 3.7% of the company’s shares are short sold.

Hedge Funds Weigh In On Aptiv

Institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after acquiring an additional 5,002,090 shares during the period. Harris Associates L P acquired a new stake in shares of Aptiv during the third quarter worth $162,640,000. Point72 Asset Management L.P. purchased a new position in Aptiv in the 3rd quarter valued at $143,909,000. Norges Bank purchased a new position in Aptiv in the 4th quarter valued at $106,492,000. Finally, Pictet Asset Management Holding SA increased its stake in Aptiv by 1,018.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock valued at $102,262,000 after buying an additional 1,539,724 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Price Performance

APTV stock opened at $67.06 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $15.76 billion, a P/E ratio of 9.75, a PEG ratio of 0.54 and a beta of 1.74. The business has a 50 day simple moving average of $61.15 and a 200-day simple moving average of $64.08. Aptiv has a twelve month low of $51.47 and a twelve month high of $85.56.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping 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, equities analysts anticipate that Aptiv will post 7.14 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on APTV shares. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. StockNews.com began coverage on Aptiv in a report on Saturday. They set a “hold” rating for the company. TD Cowen dropped their target price on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company increased their price target on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.