Cooper Creek Partners Management LLC Invests $48.17 Million in Aptiv PLC $APTV

Cooper Creek Partners Management LLC purchased a new position in shares of Aptiv PLC (NYSE:APTV) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 693,637 shares of the auto parts company’s stock, valued at approximately $48,166,000. Aptiv makes up approximately 1.6% of Cooper Creek Partners Management LLC’s investment portfolio, making the stock its 22nd largest position.

Other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in Aptiv by 240.0% during the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 252 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after buying an additional 398 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Aptiv in the 4th quarter valued at approximately $33,000. DV Equities LLC acquired a new stake in shares of Aptiv in the 4th quarter valued at approximately $33,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Aptiv by 60.0% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 480 shares of the auto parts company’s stock valued at $37,000 after buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 0.8%

Shares of NYSE:APTV opened at $56.56 on Friday. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $11.97 billion, a P/E ratio of 33.47, a P/E/G ratio of 1.05 and a beta of 1.46. Aptiv PLC has a 52-week low of $51.68 and a 52-week high of $88.93. The stock’s fifty day simple moving average is $61.80 and its 200-day simple moving average is $67.82.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The firm had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter last year, the business posted $1.69 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts forecast that Aptiv PLC will post 5.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

APTV has been the topic of a number of recent analyst reports. Royal Bank Of Canada upped their price objective on Aptiv from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft raised their target price on Aptiv from $74.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Barclays decreased their target price on shares of Aptiv from $77.00 to $73.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Morgan Stanley upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 price target for the company in a report on Friday, May 8th. Finally, The Goldman Sachs Group raised their price objective on shares of Aptiv from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.50.

Insider Activity

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the sale, the executive vice president directly owned 163,752 shares of the company’s stock, valued at $12,821,781.60. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by corporate insiders.

Aptiv Company Profile

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.