Why Are APTV Shares Falling Today?

This afternoon we watched Aptiv PLC drop -4.5% to a price of $92.22 per share. The large-cap Auto Parts company is now trading -28.0% below its average target price of $128.09. Analysts have set target prices ranging from $82.0 to $156.0 per share for Aptiv PLC, and have given the stock an average rating of buy.

Aptiv PLC's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.3%. The stock's short ratio is 1.83. The company's insiders own 0.42% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 95.4%. In conclusion, we believe there is positive market sentiment regarding Aptiv PLC.

Institutions Invested in Aptiv PLC

Date Reported Holder Percentage Shares Value
2023-06-30 Vanguard Group Inc 11% 30,106,231 $2,776,547,108
2023-06-30 Blackrock Inc. 8% 22,256,811 $2,052,634,360
2023-06-30 State Street Corporation 4% 10,441,884 $963,002,735
2023-06-30 Massachusetts Financial Services Co. 3% 8,266,330 $762,362,271
2023-06-30 Alliancebernstein L.P. 3% 7,919,985 $730,420,604
2023-06-30 Impax Asset Management Group Plc 2% 6,133,380 $565,650,961
2023-06-30 Geode Capital Management, LLC 2% 5,734,978 $528,908,337
2023-06-30 Barrow, Hanley Mewhinney & Strauss, LLC 2% 5,439,821 $501,687,483
2023-06-30 Capital Research Global Investors 2% 5,164,597 $476,304,950
2023-06-30 American Century Companies, Inc. 2% 4,984,814 $459,724,463
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.