Fifth Third Bancorp Has $4.67 Million Stock Position in Aptiv PLC (NYSE:APTV)

Fifth Third Bancorp cut its position in Aptiv PLC (NYSE:APTVFree Report) by 16.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,072 shares of the auto parts company’s stock after selling 9,911 shares during the quarter. Fifth Third Bancorp’s holdings in Aptiv were worth $4,672,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of APTV. Salem Investment Counselors Inc. increased its stake in shares of Aptiv by 176.0% in the second quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 176 shares during the period. West Tower Group LLC acquired a new position in shares of Aptiv during the second quarter worth approximately $29,000. FWL Investment Management LLC bought a new stake in shares of Aptiv in the fourth quarter valued at approximately $30,000. Farther Finance Advisors LLC grew its stake in shares of Aptiv by 49.7% in the second quarter. Farther Finance Advisors LLC now owns 518 shares of the auto parts company’s stock worth $53,000 after acquiring an additional 172 shares during the last quarter. Finally, BluePath Capital Management LLC bought a new position in Aptiv during the third quarter worth $55,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Down 1.1 %

Shares of APTV opened at $78.79 on Tuesday. The business’s 50 day simple moving average is $80.08 and its 200-day simple moving average is $84.78. Aptiv PLC has a one year low of $71.01 and a one year high of $113.60. The company has a market capitalization of $21.48 billion, a P/E ratio of 7.61, a PEG ratio of 1.02 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22.

Aptiv (NYSE:APTVGet Free Report) last announced its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. As a group, sell-side analysts predict that Aptiv PLC will post 5.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Robert W. Baird lowered shares of Aptiv from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $105.00 to $96.00 in a research report on Wednesday, January 3rd. Oppenheimer cut their price target on Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Citigroup decreased their price objective on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Piper Sandler cut their target price on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Finally, Morgan Stanley lowered shares of Aptiv from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.57.

Get Our Latest Report on APTV

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 18,680 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the sale, the senior vice president now owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

Aptiv Company Profile

(Free Report)

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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