Fifth Third Bancorp Decreases Stock Position in Aptiv PLC (NYSE:APTV)

Fifth Third Bancorp decreased its position in shares of Aptiv PLC (NYSE:APTVFree Report) by 64.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,964 shares of the auto parts company’s stock after selling 19,488 shares during the period. Fifth Third Bancorp’s holdings in Aptiv were worth $663,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its stake in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Aptiv in the third quarter worth $43,000. Brooklyn Investment Group bought a new stake in Aptiv in the third quarter worth $43,000. Finally, Mather Group LLC. raised its stake in Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 176 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on APTV. JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company boosted their price objective on Aptiv from $70.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. StockNews.com assumed coverage on Aptiv in a research note on Thursday. They issued a “hold” rating for the company. Royal Bank of Canada cut their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Morgan Stanley lowered their price target on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.47.

Get Our Latest Stock Report on Aptiv

Aptiv Trading Down 0.1 %

APTV opened at $62.72 on Thursday. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $88.89. The company has a market capitalization of $14.74 billion, a P/E ratio of 7.00, a PEG ratio of 0.56 and a beta of 1.75. The stock’s fifty day moving average is $59.04 and its two-hundred day moving average is $64.61. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTVGet Free Report) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.30 earnings per share. Analysts forecast that Aptiv PLC will post 6.15 earnings per share for the current year.

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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