Eagle Global Advisors LLC Acquires New Stake in Delphi Automotive PLC (DLPH)
Eagle Global Advisors LLC acquired a new stake in shares of Delphi Automotive PLC (NYSE:DLPH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,460 shares of the auto parts company’s stock, valued at approximately $216,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in Delphi Automotive PLC during the fourth quarter valued at approximately $855,000. Chevy Chase Trust Holdings Inc. increased its position in Delphi Automotive PLC by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 232,531 shares of the auto parts company’s stock valued at $18,716,000 after buying an additional 6,215 shares during the period. Creative Planning increased its position in Delphi Automotive PLC by 9.1% in the first quarter. Creative Planning now owns 9,374 shares of the auto parts company’s stock valued at $755,000 after buying an additional 785 shares during the period. Augustine Asset Management Inc. increased its position in Delphi Automotive PLC by 3.9% in the first quarter. Augustine Asset Management Inc. now owns 68,400 shares of the auto parts company’s stock valued at $5,505,000 after buying an additional 2,555 shares during the period. Finally, Bank of Montreal Can increased its position in Delphi Automotive PLC by 28.2% in the first quarter. Bank of Montreal Can now owns 623,327 shares of the auto parts company’s stock valued at $50,171,000 after buying an additional 137,065 shares during the period. 92.12% of the stock is owned by institutional investors and hedge funds.
Shares of Delphi Automotive PLC (NYSE:DLPH) opened at 93.19 on Monday. The stock has a market capitalization of $24.92 billion, a price-to-earnings ratio of 19.72 and a beta of 1.37. Delphi Automotive PLC has a 52-week low of $60.50 and a 52-week high of $93.44. The company has a 50-day moving average of $88.84 and a 200-day moving average of $81.67.
Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.06. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.20 billion. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. Delphi Automotive PLC’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.59 EPS. Equities research analysts anticipate that Delphi Automotive PLC will post $6.67 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be issued a $0.29 dividend. The ex-dividend date is Monday, August 7th. This represents a $1.16 annualized dividend and a yield of 1.24%. Delphi Automotive PLC’s payout ratio is 24.58%.
WARNING: “Eagle Global Advisors LLC Acquires New Stake in Delphi Automotive PLC (DLPH)” was originally published by Daily Political and is the property of of Daily Political. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/08/07/eagle-global-advisors-llc-acquires-new-stake-in-delphi-automotive-plc-dlph.html.
A number of research analysts recently commented on DLPH shares. Zacks Investment Research raised shares of Delphi Automotive PLC from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, April 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $100.00 price target (up previously from $86.00) on shares of Delphi Automotive PLC in a report on Tuesday, April 25th. Bank of America Corporation raised shares of Delphi Automotive PLC from an “underperform” rating to a “neutral” rating and increased their price target for the company from $62.00 to $95.00 in a report on Thursday, May 4th. BMO Capital Markets lowered their price target on shares of Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating for the company in a report on Friday, May 5th. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Delphi Automotive PLC in a report on Friday, May 5th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $92.03.
In other news, Director Sean O. Mahoney sold 1,949 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $87.41, for a total value of $170,362.09. Following the transaction, the director now directly owns 11,767 shares in the company, valued at approximately $1,028,553.47. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Joseph R. Massaro sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $85.79, for a total transaction of $257,370.00. Following the completion of the transaction, the chief financial officer now owns 55,779 shares in the company, valued at $4,785,280.41. The disclosure for this sale can be found here. Insiders sold a total of 20,449 shares of company stock worth $1,770,497 over the last quarter. 0.32% of the stock is currently owned by company insiders.
About Delphi Automotive PLC
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.
Want to see what other hedge funds are holding DLPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delphi Automotive PLC (NYSE:DLPH).
Receive News & Ratings for Delphi Automotive PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delphi Automotive PLC and related companies with MarketBeat.com's FREE daily email newsletter.