Aptiv PLC (NYSE:APTV) Short Interest Down 9.4% in November

Aptiv PLC (NYSE:APTV) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 15,910,000 shares, a decrease of 9.4% from the November 15th total of 17,560,000 shares. Currently, 6.8% of the shares of the company are sold short. Based on an average trading volume of 3,740,000 shares, the days-to-cover ratio is presently 4.3 days.

Analysts Set New Price Targets

Several research firms recently weighed in on APTV. Barclays decreased their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Morgan Stanley reduced their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Oppenheimer lowered their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Robert W. Baird decreased their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Bank of America dropped their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Aptiv by 1,390.6% in 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 valued at $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Harris Associates L P bought a new position in Aptiv in the 3rd quarter valued at approximately $162,640,000. Point72 Asset Management L.P. acquired a new stake in Aptiv in the third quarter valued at approximately $143,909,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after buying an additional 1,764,844 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after buying an additional 1,294,670 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Down 1.0 %

Shares of NYSE APTV traded down $0.57 during mid-day trading on Friday, hitting $57.97. The company had a trading volume of 3,350,667 shares, compared to its average volume of 3,168,490. Aptiv has a one year low of $51.47 and a one year high of $91.66. The company has a market capitalization of $13.63 billion, a PE ratio of 6.47, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The firm has a 50-day simple moving average of $60.90 and a two-hundred day simple moving average of $67.74.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 EPS. On average, equities analysts expect that Aptiv will post 6.15 EPS 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.