Delphi Automotive PLC (NYSE:DLPH) Stake Reduced by Retirement Systems of Alabama
Retirement Systems of Alabama reduced its position in Delphi Automotive PLC (NYSE:DLPH) by 64.6% during the second quarter, Holdings Channel reports. The institutional investor owned 129,889 shares of the auto parts company’s stock after selling 236,912 shares during the period. Retirement Systems of Alabama’s holdings in Delphi Automotive PLC were worth $11,385,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of DLPH. BlackRock Inc. raised its position 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 in the last quarter. Harris Associates L P purchased a new position in Delphi Automotive PLC during the first quarter worth approximately $180,826,000. OppenheimerFunds Inc. raised its position in Delphi Automotive PLC by 72.5% in the first quarter. OppenheimerFunds Inc. now owns 2,143,459 shares of the auto parts company’s stock worth $172,527,000 after buying an additional 900,514 shares in the last quarter. Vanguard Group Inc. raised its position 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position 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 in the last quarter. 92.12% of the stock is owned by hedge funds and other institutional investors.
Delphi Automotive PLC (DLPH) opened at 91.15 on Friday. The firm has a market capitalization of $24.32 billion, a price-to-earnings ratio of 19.29 and a beta of 1.37. The firm has a 50-day moving average of $90.22 and a 200-day moving average of $82.51. Delphi Automotive PLC has a 52-week low of $60.50 and a 52-week high of $94.63.
Delphi Automotive PLC (NYSE:DLPH) last released its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.65 by $0.06. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the firm earned $1.59 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that Delphi Automotive PLC will post $6.69 EPS for the current fiscal 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. This represents a $1.16 annualized dividend and a yield of 1.27%. The ex-dividend date is Monday, August 7th. Delphi Automotive PLC’s dividend payout ratio is currently 24.58%.
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A number of equities 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 $87.00 price objective for the company in a research note on Friday, April 21st. Barclays PLC reaffirmed a “buy” rating on shares of Delphi Automotive PLC in a research note on Friday, May 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Delphi Automotive PLC in a research note on Friday, July 7th. Bank of America Corporation reaffirmed an “underperform” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Delphi Automotive PLC in a research note on Friday, June 16th. Finally, BMO Capital Markets decreased their price objective on shares of Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $92.82.
In other Delphi Automotive PLC news, Director Sean O. Mahoney sold 1,949 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,028,553.47. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Joseph R. Massaro sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were 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 directly owns 55,779 shares in the company, valued at $4,785,280.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,449 shares of company stock worth $1,770,497. Insiders own 0.32% of the company’s stock.
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.
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