Cobalt Capital Management Inc. Has $1.52 Million Holdings in Aptiv PLC $APTV

Cobalt Capital Management Inc. cut its holdings in Aptiv PLC (NYSE:APTV) by 60.0% during the 4th quarter, HoldingsChannel reports. The fund owned 20,000 shares of the auto parts company’s stock after selling 30,000 shares during the quarter. Aptiv accounts for approximately 0.7% of Cobalt Capital Management Inc.’s holdings, making the stock its 22nd largest position. Cobalt Capital Management Inc.’s holdings in Aptiv were worth $1,522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of APTV. Saranac Partners Ltd acquired a new stake in Aptiv during the third quarter worth about $25,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Aptiv during the third quarter worth about $30,000. Larson Financial Group LLC grew its stake in Aptiv by 240.0% during the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after buying an additional 252 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in Aptiv during the fourth quarter worth about $33,000. Finally, DV Equities LLC acquired a new stake in Aptiv during the fourth quarter worth about $33,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Down 4.3%

Shares of NYSE APTV opened at $62.85 on Thursday. The company has a 50 day simple moving average of $61.12 and a 200 day simple moving average of $71.09. The firm has a market cap of $13.30 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 1.10 and a beta of 1.45. Aptiv PLC has a 1 year low of $51.68 and a 1 year high of $88.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $1.69 EPS. On average, research analysts forecast that Aptiv PLC will post 6.37 EPS for the current year.

Insider Transactions at Aptiv

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the transaction, the executive vice president owned 163,752 shares in the company, valued at $12,821,781.60. This trade represents a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on APTV. Evercore reduced their price objective on shares of Aptiv from $100.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Oppenheimer reduced their price objective on shares of Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Zacks Research downgraded shares of Aptiv from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Piper Sandler reduced their price target on shares of Aptiv from $106.00 to $94.00 and set an “overweight” rating on the stock in a research note on Monday, June 8th. Twenty-two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $82.67.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.