Fifth Third Bancorp Sells 541 Shares of Aptiv PLC (NYSE:APTV)

Fifth Third Bancorp decreased its position in Aptiv PLC (NYSE:APTV) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,423 shares of the auto parts company’s stock after selling 541 shares during the quarter. Fifth Third Bancorp’s holdings in Aptiv were worth $620,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. South Dakota Investment Council grew its stake in shares of Aptiv by 32.9% in the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after buying an additional 31,941 shares in the last quarter. Diametric Capital LP acquired a new stake in Aptiv in the 4th quarter worth approximately $972,000. Asset Management One Co. Ltd. lifted its holdings in Aptiv by 0.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 101,901 shares of the auto parts company’s stock worth $6,149,000 after purchasing an additional 475 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Aptiv by 8.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company’s stock worth $28,700,000 after purchasing an additional 35,426 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in Aptiv by 37.4% in the 4th quarter. D.A. Davidson & CO. now owns 23,241 shares of the auto parts company’s stock worth $1,406,000 after purchasing an additional 6,329 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on APTV shares. UBS Group boosted their target price on Aptiv from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Guggenheim lowered Aptiv from a “buy” rating to a “neutral” rating in a report on Wednesday, June 4th. Morgan Stanley reduced their target price on Aptiv from $60.00 to $55.00 and set an “underweight” rating for the company in a report on Monday, May 19th. Robert W. Baird reduced their target price on Aptiv from $84.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Finally, Piper Sandler set a $70.00 price target on Aptiv and gave the stock a “neutral” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $81.56.

Aptiv Stock Performance

Shares of NYSE APTV opened at $67.59 on Wednesday. The business has a fifty day simple moving average of $61.72 and a 200 day simple moving average of $61.49. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $14.72 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.73 and a beta of 1.47. Aptiv PLC has a one year low of $47.19 and a one year high of $80.95.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The firm had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. Sell-side analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Aptiv Company Profile

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.