Aptiv PLC (NYSE:APTV) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 5,813,800 shares, a drop of 32.0% from the June 30th total of 8,553,100 shares. Based on an average daily trading volume, of 1,600,000 shares, the days-to-cover ratio is currently 3.6 days. Approximately 2.3% of the company’s shares are sold short.

A number of brokerages recently issued reports on APTV. Robert W. Baird raised their price target on Aptiv from $96.00 to $99.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Wolfe Research downgraded Aptiv from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 18th. Citigroup raised their price target on Aptiv from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Aptiv from a “sell” rating to a “hold” rating and set a $89.00 price target for the company in a research report on Friday, August 2nd. Finally, ValuEngine upgraded Aptiv from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $92.16.

NYSE:APTV opened at $83.56 on Wednesday. Aptiv has a twelve month low of $58.80 and a twelve month high of $95.00. The company has a market capitalization of $21.41 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 1.47 and a beta of 2.06. The stock’s fifty day simple moving average is $81.02. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.89 and a current ratio of 1.22.

Aptiv (NYSE:APTV) last released its earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.20. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period last year, the company earned $1.40 earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts forecast that Aptiv will post 5.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, August 6th. This represents a $0.88 annualized dividend and a dividend yield of 1.05%. Aptiv’s dividend payout ratio (DPR) is 16.73%.

Several large investors have recently added to or reduced their stakes in APTV. Artisan Partners Limited Partnership increased its stake in shares of Aptiv by 7.2% during 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 buying an additional 507,774 shares during the period. Lazard Asset Management LLC grew its stake in Aptiv by 1.4% in the first quarter. Lazard Asset Management LLC now owns 5,879,004 shares of the auto parts company’s stock valued at $467,321,000 after purchasing an additional 83,653 shares during the last quarter. Janus Henderson Group PLC grew its stake in Aptiv by 0.9% in the second quarter. Janus Henderson Group PLC now owns 4,511,620 shares of the auto parts company’s stock valued at $365,003,000 after purchasing an additional 41,542 shares during the last quarter. Neuberger Berman Group LLC grew its stake in Aptiv by 1.6% in the first quarter. Neuberger Berman Group LLC now owns 3,854,860 shares of the auto parts company’s stock valued at $306,363,000 after purchasing an additional 61,182 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Aptiv by 1.0% in the second quarter. Northern Trust Corp now owns 3,025,128 shares of the auto parts company’s stock valued at $244,521,000 after purchasing an additional 30,177 shares during the last quarter. Institutional investors and hedge funds own 94.70% of the company’s stock.

Aptiv Company Profile

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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