LMR Partners LLP Takes Position in Delphi Automotive PLC (DLPH)
LMR Partners LLP acquired a new stake in Delphi Automotive PLC (NYSE:DLPH) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 11,459 shares of the company’s stock, valued at approximately $717,000.
Several other institutional investors have also modified their holdings of DLPH. IFP Advisors Inc boosted its stake in Delphi Automotive PLC by 405.2% in the first quarter. IFP Advisors Inc now owns 1,743 shares of the company’s stock worth $131,000 after buying an additional 1,398 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Delphi Automotive PLC during the first quarter worth approximately $157,000. Citizens Financial Group Inc RI purchased a new stake in Delphi Automotive PLC during the first quarter worth approximately $189,000. Palladium Partners LLC purchased a new stake in Delphi Automotive PLC during the second quarter worth approximately $200,000. Finally, Zions Bancorporation boosted its stake in Delphi Automotive PLC by 2,150.0% in the first quarter. Zions Bancorporation now owns 3,330 shares of the company’s stock worth $250,000 after buying an additional 3,182 shares during the last quarter. Hedge funds and other institutional investors own 93.08% of the company’s stock.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded down 0.23% during mid-day trading on Monday, hitting $69.96. 823,031 shares of the stock were exchanged. Delphi Automotive PLC has a 12 month low of $55.59 and a 12 month high of $88.89. The stock has a market cap of $19.08 billion, a price-to-earnings ratio of 15.26 and a beta of 1.39. The company has a 50-day moving average price of $69.51 and a 200-day moving average price of $68.99.
Delphi Automotive PLC (NYSE:DLPH) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.04. Delphi Automotive PLC had a return on equity of 57.43% and a net margin of 8.11%. The firm earned $4.21 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the company earned $1.34 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. Equities analysts expect that Delphi Automotive PLC will post $5.99 earnings per share for the current year.
DLPH has been the topic of several recent analyst reports. Barclays PLC reduced their price objective on shares of Delphi Automotive PLC from $85.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, August 4th. Deutsche Bank AG lifted their price objective on shares of Delphi Automotive PLC from $99.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Citigroup Inc. reduced their price objective on shares of Delphi Automotive PLC from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. Royal Bank Of Canada reiterated a “buy” rating on shares of Delphi Automotive PLC in a research report on Monday, June 20th. Finally, Zacks Investment Research cut shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $84.54.
About Delphi Automotive PLC
Delphi Automotive PLC is a vehicle components manufacturer. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. It serves automotive and commercial vehicle markets. Its Electrical/Electronic Architecture segment includes electrical architecture and component products.
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