Short Interest in Aptiv PLC (NYSE:APTV) Expands By 13.5%

Aptiv PLC (NYSE:APTV) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 9,721,700 shares, an increase of 13.5% from the May 15th total of 8,563,800 shares. Based on an average daily trading volume, of 1,510,000 shares, the short-interest ratio is presently 6.4 days. Approximately 3.8% of the shares of the company are sold short.

Shares of APTV stock traded up $1.44 during trading hours on Friday, reaching $80.09. The company had a trading volume of 1,190,998 shares, compared to its average volume of 1,341,046. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 1.20. Aptiv has a twelve month low of $58.80 and a twelve month high of $98.77. The stock has a market capitalization of $20.28 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.42 and a beta of 2.06. The company’s fifty day simple moving average is $76.60.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. Aptiv had a return on equity of 35.66% and a net margin of 6.95%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter last year, the firm earned $1.29 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts forecast that Aptiv will post 4.98 earnings per share for the current year.

A number of research analysts have recently issued reports on the company. Jefferies Financial Group set a $80.00 target price on Foot Locker and gave the company a “buy” rating in a report on Friday, April 12th. Morgan Stanley set a $103.00 target price on Nike and gave the stock a “buy” rating in a research report on Friday, June 28th. Robert W. Baird boosted their target price on Aptiv from $103.00 to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 11th. Zacks Investment Research upgraded HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Finally, Wolfe Research lowered Southwestern Energy from a “peer perform” rating to an “underperform” rating in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Aptiv has a consensus rating of “Buy” and a consensus price target of $90.76.

Hedge funds have recently bought and sold shares of the company. Artisan Partners Limited Partnership boosted its holdings in Aptiv by 7.2% in the first quarter. Artisan Partners Limited Partnership now owns 7,567,450 shares of the auto parts company’s stock valued at $601,537,000 after purchasing an additional 507,774 shares during the last quarter. Norges Bank bought a new position in Aptiv during the 4th quarter worth approximately $380,134,000. Lazard Asset Management LLC lifted its holdings in Aptiv by 1.4% during the 1st quarter. Lazard Asset Management LLC now owns 5,879,004 shares of the auto parts company’s stock worth $467,321,000 after buying an additional 83,653 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Aptiv by 5.4% during the 1st quarter. Janus Henderson Group PLC now owns 4,470,078 shares of the auto parts company’s stock worth $355,335,000 after buying an additional 230,647 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in Aptiv by 1.6% during the 1st quarter. Neuberger Berman Group LLC now owns 3,854,860 shares of the auto parts company’s stock worth $306,363,000 after buying an additional 61,182 shares during the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

About Aptiv

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

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