Aptiv PLC (NYSE:APTV) Shares Purchased by Fulton Bank N.A.

Fulton Bank N.A. boosted its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 28.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,862 shares of the auto parts company's stock after acquiring an additional 9,815 shares during the period. Fulton Bank N.A.'s holdings in Aptiv were worth $2,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. South Dakota Investment Council raised its position 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 purchasing an additional 31,941 shares during the last quarter. Focus Financial Network Inc. acquired a new stake in shares of Aptiv during the fourth quarter worth $379,000. Diametric Capital LP acquired a new stake in shares of Aptiv during the fourth quarter worth $972,000. abrdn plc acquired a new stake in shares of Aptiv during the fourth quarter worth $30,374,000. Finally, Ninety One North America Inc. lifted its stake in shares of Aptiv by 2.6% during the fourth quarter. Ninety One North America Inc. now owns 189,967 shares of the auto parts company's stock worth $11,489,000 after buying an additional 4,884 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares of the company's stock, valued at $8,203,023.50. The trade was a 10.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Aptiv Price Performance

Aptiv stock traded down $0.97 during trading on Wednesday, reaching $65.92. The company had a trading volume of 2,386,869 shares, compared to its average volume of 3,493,911. The firm's 50-day simple moving average is $59.20 and its 200 day simple moving average is $60.55. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $85.04. The firm has a market capitalization of $14.35 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter last year, the company earned $1.16 EPS. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on APTV shares. Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday. Barclays raised their price target on shares of Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Argus raised shares of Aptiv to a "strong-buy" rating in a research report on Tuesday, February 11th. TD Cowen started coverage on shares of Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 price target for the company. Finally, Wall Street Zen started coverage on shares of Aptiv in a research report on Thursday, May 22nd. They set a "hold" rating for the company. One research 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 stock. Based on data from MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and an average target price of $82.50.

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.