Short Interest in Aptiv PLC (NYSE:APTV) Expands By 8.6%

Aptiv PLC (NYSE:APTV) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 4,440,000 shares, an increase of 8.6% from the September 30th total of 4,090,000 shares. Based on an average daily volume of 1,090,000 shares, the short-interest ratio is currently 4.1 days. Currently, 1.8% of the shares of the stock are sold short.

In other Aptiv news, CAO Allan J. Brazier sold 4,752 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $90.00, for a total value of $427,680.00. Also, CFO Joseph R. Massaro sold 2,800 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $89.56, for a total transaction of $250,768.00. 0.40% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of APTV. Cornerstone Advisors Inc. lifted its holdings in Aptiv by 30.6% during the 2nd quarter. Cornerstone Advisors Inc. now owns 692 shares of the auto parts company’s stock worth $56,000 after buying an additional 162 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Aptiv by 10.4% during the 2nd quarter. Mackenzie Financial Corp now owns 46,819 shares of the auto parts company’s stock worth $3,784,000 after buying an additional 4,394 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Aptiv by 3.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 40,527 shares of the auto parts company’s stock worth $3,275,000 after buying an additional 1,447 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Aptiv by 618.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 58,559 shares of the auto parts company’s stock worth $4,733,000 after buying an additional 50,407 shares in the last quarter. Finally, Cibc World Markets Corp lifted its holdings in Aptiv by 30.1% during the 2nd quarter. Cibc World Markets Corp now owns 44,808 shares of the auto parts company’s stock worth $3,622,000 after buying an additional 10,374 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on the stock. Buckingham Research increased their price objective on shares of Aptiv from $79.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. ValuEngine downgraded shares of Aptiv from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a $108.00 price objective (up previously from $99.00) on shares of Aptiv in a report on Thursday, August 1st. Bank of America downgraded shares of Aptiv from a “buy” rating to a “neutral” rating in a report on Friday, September 13th. Finally, Citigroup increased their price objective on shares of Aptiv from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Aptiv presently has an average rating of “Buy” and a consensus target price of $92.65.

NYSE:APTV opened at $92.31 on Monday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.04 and a current ratio of 1.39. The stock has a market capitalization of $23.55 billion, a P/E ratio of 17.55, a PEG ratio of 1.78 and a beta of 2.03. The company has a 50 day moving average price of $89.13 and a 200 day moving average price of $82.14. Aptiv has a fifty-two week low of $58.80 and a fifty-two week high of $97.64.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.27 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.27. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Aptiv had a net margin of 6.99% and a return on equity of 34.88%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.24 EPS. Research analysts forecast that Aptiv will post 4.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.95%. Aptiv’s payout ratio is currently 16.73%.

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.

Read More: Why do companies engage in swaps?

Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.