Aptiv PLC (NYSE:APTV) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 3,340,000 shares, a decrease of 19.3% from the March 31st total of 4,140,000 shares. Based on an average daily volume of 1,790,000 shares, the days-to-cover ratio is presently 1.9 days.

APTV has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on shares of Aptiv in a report on Wednesday, March 31st. They issued an “underweight” rating and a $119.00 target price on the stock. Morgan Stanley upped their price target on shares of Aptiv from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, February 4th. JPMorgan Chase & Co. downgraded shares of Aptiv from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $110.00 to $134.00 in a research report on Friday, January 22nd. They noted that the move was a valuation call. Robert W. Baird reiterated a “buy” rating on shares of Aptiv in a research report on Friday, March 5th. Finally, Raymond James upped their price target on shares of Aptiv from $109.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, February 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $130.25.

Shares of APTV stock traded down $3.70 on Tuesday, reaching $139.74. The company had a trading volume of 1,776,009 shares, compared to its average volume of 1,809,997. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. The stock has a market cap of $37.79 billion, a PE ratio of 20.98, a PEG ratio of 3.26 and a beta of 2.25. The company has a 50-day moving average of $142.70 and a 200-day moving average of $132.95. Aptiv has a 12 month low of $57.26 and a 12 month high of $160.14.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Tuesday, February 2nd. The auto parts company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.12. The company had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Aptiv had a return on equity of 8.42% and a net margin of 13.94%. Aptiv’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 EPS. Sell-side analysts anticipate that Aptiv will post 1.75 earnings per share for the current year.

In other news, SVP Vos Glen W. De sold 2,056 shares of the company’s stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $146.23, for a total value of $300,648.88. Following the sale, the senior vice president now owns 59,700 shares of the company’s stock, valued at approximately $8,729,931. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in APTV. Norges Bank bought a new stake in shares of Aptiv in the 4th quarter valued at about $576,344,000. Hardman Johnston Global Advisors LLC bought a new stake in Aptiv during the 4th quarter worth approximately $317,186,000. Artisan Partners Limited Partnership increased its stake in Aptiv by 10.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 6,551,433 shares of the auto parts company’s stock worth $853,586,000 after purchasing an additional 616,858 shares in the last quarter. Morgan Stanley increased its stake in Aptiv by 81.4% during the 4th quarter. Morgan Stanley now owns 1,367,200 shares of the auto parts company’s stock worth $178,134,000 after purchasing an additional 613,672 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Aptiv by 183.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 570,182 shares of the auto parts company’s stock worth $78,628,000 after purchasing an additional 369,220 shares in the last quarter. 93.78% of the stock is owned by institutional investors.

About Aptiv

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

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