Aptiv PLC (NYSE:APTV) Short Interest Update
by Amy Steele · The Cerbat GemAptiv PLC (NYSE:APTV – Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 6,360,642 shares, a growth of 24.5% from the November 30th total of 5,109,599 shares. Based on an average daily volume of 1,974,043 shares, the days-to-cover ratio is currently 3.2 days. Approximately 3.0% of the company’s shares are short sold. Approximately 3.0% of the company’s shares are short sold. Based on an average daily volume of 1,974,043 shares, the days-to-cover ratio is currently 3.2 days.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on APTV shares. Daiwa Capital Markets increased their price target on Aptiv from $79.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Bank of America increased their target price on shares of Aptiv from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Wall Street Zen downgraded shares of Aptiv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. Evercore ISI increased their price objective on shares of Aptiv from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Aptiv in a report on Monday. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.63.
View Our Latest Analysis on Aptiv
Aptiv Stock Down 1.1%
APTV traded down $0.81 during trading hours on Thursday, hitting $76.09. 958,690 shares of the company’s stock were exchanged, compared to its average volume of 1,883,283. The company has a current ratio of 1.79, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. Aptiv has a 12-month low of $47.19 and a 12-month high of $88.80. The firm has a market cap of $16.44 billion, a P/E ratio of 60.39, a price-to-earnings-growth ratio of 0.97 and a beta of 1.51. The firm has a 50 day moving average of $78.81 and a 200 day moving average of $77.05.
Aptiv (NYSE:APTV – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.81 by $0.36. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.05 billion. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.83 earnings per share. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS and its Q4 2025 guidance at 1.600-1.900 EPS. Analysts predict that Aptiv will post 7.2 EPS for the current fiscal year.
Institutional Trading of Aptiv
A number of large investors have recently made changes to their positions in APTV. Hudson Bay Capital Management LP lifted its stake in Aptiv by 12.1% in the third quarter. Hudson Bay Capital Management LP now owns 68,377 shares of the auto parts company’s stock worth $5,895,000 after acquiring an additional 7,368 shares during the last quarter. Saranac Partners Ltd acquired a new stake in shares of Aptiv in the 3rd quarter valued at $25,000. Allworth Financial LP lifted its position in shares of Aptiv by 118.0% during the 3rd quarter. Allworth Financial LP now owns 1,221 shares of the auto parts company’s stock worth $105,000 after purchasing an additional 661 shares during the last quarter. Swiss Life Asset Management Ltd grew its stake in shares of Aptiv by 90.7% during the third quarter. Swiss Life Asset Management Ltd now owns 58,527 shares of the auto parts company’s stock worth $5,046,000 after purchasing an additional 27,844 shares in the last quarter. Finally, Groupama Asset Managment purchased a new position in Aptiv in the third quarter valued at $288,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.
About Aptiv
Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.
Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.