Fifth Third Bancorp Has $663,000 Holdings in Aptiv PLC (NYSE:APTV)

Fifth Third Bancorp cut its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 64.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of APTV. Exchange Traded Concepts LLC boosted its holdings in Aptiv by 23.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 200,924 shares of the auto parts company's stock valued at $12,152,000 after purchasing an additional 38,554 shares during the period. Dakota Wealth Management bought a new stake in shares of Aptiv in the fourth quarter valued at about $596,000. Nisa Investment Advisors LLC grew its position in Aptiv by 44.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 37,289 shares of the auto parts company's stock worth $2,255,000 after buying an additional 11,469 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Aptiv by 5.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 11,826 shares of the auto parts company's stock valued at $715,000 after acquiring an additional 624 shares in the last quarter. Finally, Gilman Hill Asset Management LLC lifted its position in shares of Aptiv by 169.1% in the 4th quarter. Gilman Hill Asset Management LLC now owns 45,875 shares of the auto parts company's stock worth $2,775,000 after acquiring an additional 28,828 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APTV has been the subject of a number of recent research reports. Morgan Stanley cut their target price on Aptiv from $68.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised their target price on Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Oppenheimer lowered their price target on Aptiv from $147.00 to $83.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Bank of America reduced their target price on shares of Aptiv from $105.00 to $102.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Finally, StockNews.com began coverage on shares of Aptiv in a research report on Thursday. They issued a "hold" rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.47.

Aptiv Stock Up 1.7 %

Shares of Aptiv stock traded up $1.07 during trading hours on Thursday, reaching $63.75. 612,095 shares of the company's stock were exchanged, compared to its average volume of 3,046,270. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $88.89. The stock has a market cap of $14.98 billion, a P/E ratio of 7.10, a P/E/G ratio of 0.56 and a beta of 1.75. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The company has a 50 day moving average of $59.25 and a two-hundred day moving average of $64.59.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv's revenue was down 5.1% on a year-over-year basis. During the same period last year, the business posted $1.30 EPS. On average, sell-side analysts forecast that Aptiv PLC will post 6.15 EPS for the current fiscal year.

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.