Fulton Bank N.A. Decreases Stock Holdings in Aptiv PLC (NYSE:APTV)

Fulton Bank N.A. reduced its holdings in shares of Aptiv PLC (NYSE:APTV) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,565 shares of the auto parts company’s stock after selling 590 shares during the quarter. Fulton Bank N.A.’s holdings in Aptiv were worth $2,653,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Salem Investment Counselors Inc. lifted its position in shares of Aptiv by 176.0% during the second quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 176 shares in the last quarter. West Tower Group LLC acquired a new position in shares of Aptiv during the second quarter worth $29,000. FWL Investment Management LLC acquired a new position in shares of Aptiv during the fourth quarter worth $30,000. Farther Finance Advisors LLC lifted its position in shares of Aptiv by 49.7% during the second quarter. Farther Finance Advisors LLC now owns 518 shares of the auto parts company’s stock worth $53,000 after purchasing an additional 172 shares in the last quarter. Finally, BluePath Capital Management LLC acquired a new position in shares of Aptiv during the third quarter worth $55,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on APTV. Morgan Stanley cut shares of Aptiv from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. Royal Bank of Canada cut their price target on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Oppenheimer cut their price target on shares of Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. JPMorgan Chase & Co. cut their price target on shares of Aptiv from $135.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Finally, Citigroup dropped their target price on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.57.

Aptiv Stock Down 0.7 %

Shares of NYSE APTV traded down $0.53 during mid-day trading on Friday, reaching $74.74. The company had a trading volume of 2,315,760 shares, compared to its average volume of 2,753,900. The stock has a fifty day moving average of $79.67 and a two-hundred day moving average of $84.33. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. The company has a market capitalization of $20.38 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 1.00 and a beta of 1.90. Aptiv PLC has a 12-month low of $71.01 and a 12-month high of $113.60.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.95 billion. As a group, equities research analysts expect that Aptiv PLC will post 5.67 EPS for the current year.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.34% of the company’s stock.

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.