Delphi Automotive PLC (DLPH) Shares Bought by Eqis Capital Management Inc.
Eqis Capital Management Inc. raised its position in Delphi Automotive PLC (NYSE:DLPH) by 29.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,450 shares of the auto parts company’s stock after buying an additional 3,282 shares during the period. Eqis Capital Management Inc.’s holdings in Delphi Automotive PLC were worth $1,267,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Delphi Automotive PLC by 3.2% in the first quarter. Vanguard Group Inc. now owns 21,456,887 shares of the auto parts company’s stock worth $1,727,065,000 after buying an additional 667,244 shares during the last quarter. BlackRock Inc. raised its stake in Delphi Automotive PLC by 2,138.9% in the first quarter. BlackRock Inc. now owns 16,893,002 shares of the auto parts company’s stock worth $1,359,718,000 after buying an additional 16,138,486 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Delphi Automotive PLC by 3.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 16,841,567 shares of the auto parts company’s stock worth $1,355,577,000 after buying an additional 552,921 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in Delphi Automotive PLC by 2.4% in the first quarter. Artisan Partners Limited Partnership now owns 3,087,017 shares of the auto parts company’s stock worth $248,474,000 after buying an additional 72,845 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Delphi Automotive PLC by 17.8% in the first quarter. Bank of New York Mellon Corp now owns 3,006,288 shares of the auto parts company’s stock worth $241,975,000 after buying an additional 454,935 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.
Delphi Automotive PLC (NYSE DLPH) opened at 91.43 on Friday. The stock has a market capitalization of $24.49 billion, a P/E ratio of 21.30 and a beta of 1.38. The company’s 50-day moving average price is $86.60 and its 200 day moving average price is $78.12. Delphi Automotive PLC has a 52-week low of $58.97 and a 52-week high of $91.91.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Wednesday, May 3rd. The auto parts company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.13. The business had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Delphi Automotive PLC had a net margin of 6.90% and a return on equity of 62.09%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 EPS. On average, equities research analysts predict that Delphi Automotive PLC will post $6.62 earnings per share for the current fiscal year.
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A number of analysts have commented on DLPH shares. Jefferies Group LLC lifted their target price on Delphi Automotive PLC from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Bank of America Corporation reissued an “underperform” rating and issued a $90.00 target price (down previously from $95.00) on shares of Delphi Automotive PLC in a report on Friday, June 16th. BidaskClub raised Delphi Automotive PLC from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 target price on shares of Delphi Automotive PLC in a report on Friday, July 7th. Finally, Zacks Investment Research lowered Delphi Automotive PLC from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $90.73.
In related news, CFO Joseph R. Massaro sold 3,000 shares of Delphi Automotive PLC stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $85.79, for a total transaction of $257,370.00. Following the sale, the chief financial officer now directly owns 55,779 shares in the company, valued at approximately $4,785,280.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David M. Sherbin sold 15,500 shares of Delphi Automotive PLC stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $86.63, for a total transaction of $1,342,765.00. Following the sale, the senior vice president now owns 70,766 shares in the company, valued at $6,130,458.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,449 shares of company stock valued at $1,770,497. Corporate insiders own 0.32% of the company’s stock.
Delphi Automotive PLC Company Profile
Delphi Automotive PLC is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.
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