Fulton Bank N.A. Buys 9,815 Shares of Aptiv PLC (NYSE:APTV)

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

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Aptiv in the fourth quarter valued at $106,492,000. Pictet Asset Management Holding SA boosted its stake in shares of Aptiv by 1,018.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $102,262,000 after buying an additional 1,539,724 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Aptiv by 11.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock valued at $864,206,000 after acquiring an additional 1,517,104 shares in the last quarter. Franklin Resources Inc. raised its holdings in Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after acquiring an additional 1,408,433 shares in the last quarter. Finally, Paloma Partners Management Co raised its holdings in Aptiv by 968.7% during the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock worth $55,007,000 after acquiring an additional 824,400 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Price Performance

Shares of NYSE APTV traded up $1.21 during midday trading on Friday, reaching $66.69. The company's stock had a trading volume of 1,430,254 shares, compared to its average volume of 3,494,093. The company has a market cap of $14.52 billion, a P/E ratio of 9.69, a P/E/G ratio of 0.62 and a beta of 1.47. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $81.87. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The business's 50 day moving average price is $59.58 and its two-hundred day moving average price is $60.77.

Aptiv (NYSE:APTV - Get Free Report) last released its 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 15.63% and a net margin of 9.07%. The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the company posted $1.16 EPS. The company's revenue was down 1.6% compared to the same quarter last year. On average, analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Argus raised Aptiv to a "strong-buy" rating in a research report on Tuesday, February 11th. Wells Fargo & Company upped their price target on shares of Aptiv from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target for the company in a research note on Friday, February 7th. Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Finally, Evercore ISI dropped their target price on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.50.

Insider Buying and Selling at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.45% of the company's stock.

Aptiv 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.