Cooper Financial Group Acquires Shares of 9,142 Aptiv PLC (NYSE:APTV)

Key Points

• Cooper Financial Group acquired a new stake in Aptiv PLC during the first quarter, purchasing 9,142 shares valued at approximately $544,000.
• Large investors such as Middleton & Co. and Principal Financial Group have significantly increased their positions in Aptiv, contributing to a strong institutional ownership of 94.21% of the stock.
• Aptiv's recent earnings report showed an EPS of $2.12, exceeding expectations and reflecting a revenue increase of 3.1% year-over-year.

Cooper Financial Group purchased a new position in shares of Aptiv PLC (NYSE:APTV - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,142 shares of the auto parts company's stock, valued at approximately $544,000.

Other large investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new stake in Aptiv in the 1st quarter valued at $26,000. Mather Group LLC. grew its holdings in Aptiv by 155.2% in the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company's stock valued at $38,000 after buying an additional 385 shares in the last quarter. Eastern Bank purchased a new stake in Aptiv in the 1st quarter valued at $39,000. Versant Capital Management Inc grew its holdings in Aptiv by 201.7% in the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after buying an additional 470 shares in the last quarter. Finally, UMB Bank n.a. purchased a new stake in Aptiv in the 1st quarter valued at $48,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Wall Street Analyst Weigh In

APTV has been the subject of a number of research analyst reports. UBS Group increased their price target on Aptiv from $66.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Guggenheim cut Aptiv from a "buy" rating to a "neutral" rating in a report on Wednesday, June 4th. Robert W. Baird set a $82.00 price target on Aptiv and gave the company an "outperform" rating in a research report on Friday, July 11th. Oppenheimer reaffirmed an "outperform" rating and issued a $88.00 price target (up from $84.00) on shares of Aptiv in a report on Monday, August 4th. Finally, Barclays boosted their price objective on Aptiv from $65.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $81.81.

Aptiv Stock Up 4.1%

Shares of Aptiv stock traded up $2.97 during midday trading on Wednesday, hitting $74.67. The company's stock had a trading volume of 2,878,980 shares, compared to its average volume of 2,767,511. The firm has a market capitalization of $16.26 billion, a P/E ratio of 17.09, a PEG ratio of 0.80 and a beta of 1.48. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $75.41. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. The stock has a 50-day simple moving average of $68.73 and a 200-day simple moving average of $64.07.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Aptiv had a return on equity of 18.46% and a net margin of 5.12%. The firm had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.02 billion. During the same quarter last year, the firm earned $1.58 earnings per share. The business's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

Aptiv 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.