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

Fulton Bank N.A. boosted its position in Aptiv PLC (NYSE:APTV) by 28.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,862 shares of the auto parts company’s stock after purchasing 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 & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Caprock Group LLC grew its stake in shares of Aptiv by 80.2% during the 4th quarter. Caprock Group LLC now owns 9,774 shares of the auto parts company’s stock worth $591,000 after purchasing an additional 4,351 shares during the period. CENTRAL TRUST Co boosted its holdings in Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after buying an additional 677 shares in the last quarter. abrdn plc acquired a new position in Aptiv during the fourth quarter worth about $30,374,000. Ninety One North America Inc. increased its holdings in Aptiv by 2.6% in the fourth quarter. Ninety One North America Inc. now owns 189,967 shares of the auto parts company’s stock valued at $11,489,000 after buying an additional 4,884 shares in the last quarter. Finally, Ninety One SA PTY Ltd acquired a new stake in shares of Aptiv during the 4th quarter valued at approximately $351,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on APTV. Wall Street Zen initiated coverage on Aptiv in a research note on Thursday, May 22nd. They issued a “hold” rating for the company. Evercore ISI cut their price target on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Argus upgraded shares of Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Finally, Barclays upped their price target on shares of Aptiv from $55.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.50.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the company’s 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 completion of the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.

Aptiv Trading Down 2.3%

APTV stock opened at $65.25 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a market cap of $14.21 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 0.62 and a beta of 1.44. The business has a fifty day simple moving average of $59.11 and a 200-day simple moving average of $60.50. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $85.35.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 earnings per share. On average, equities research analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

About Aptiv

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.