Abbrea Capital LLC Sells 125 Shares of Delphi Automotive PLC (DLPH)
Abbrea Capital LLC cut its stake in Delphi Automotive PLC (NYSE:DLPH) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,620 shares of the auto parts company’s stock after selling 125 shares during the period. Abbrea Capital LLC’s holdings in Delphi Automotive PLC were worth $317,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in DLPH. BlackRock Inc. raised its stake in shares of 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 valued at $1,359,718,000 after buying an additional 16,138,486 shares during the period. Harris Associates L P bought a new position in Delphi Automotive PLC during the first quarter worth $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 during the last quarter. Pioneer Investment Management Inc. bought a new position in Delphi Automotive PLC during the second quarter worth $73,985,000. Finally, 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 during the last quarter. 92.12% of the stock is owned by institutional investors.
Delphi Automotive PLC (NYSE:DLPH) opened at 92.34 on Friday. The stock’s 50 day moving average price is $90.41 and its 200 day moving average price is $82.67. Delphi Automotive PLC has a one year low of $60.50 and a one year high of $94.63. The stock has a market cap of $24.64 billion, a price-to-earnings ratio of 19.54 and a beta of 1.37.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly 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 business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 EPS. Equities analysts predict that Delphi Automotive PLC will post $6.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.26%. The ex-dividend date is Monday, August 7th. Delphi Automotive PLC’s dividend payout ratio is presently 24.58%.
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A number of research analysts have weighed in on DLPH shares. Jefferies Group LLC lifted their target price on Delphi Automotive PLC from $100.00 to $106.00 and gave the company a “buy” rating in a report on Monday, May 15th. Bank of America Corporation reaffirmed an “underperform” rating and set 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 reaffirmed a “buy” rating and set 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. Three analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Delphi Automotive PLC presently has a consensus rating of “Buy” and a consensus target price of $92.82.
In other Delphi Automotive PLC news, SVP Vos Glen W. De sold 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $91.35, for a total transaction of $191,835.00. Following the completion of the transaction, the senior vice president now owns 22,994 shares in the company, valued at approximately $2,100,501.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joseph R. Massaro sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $85.79, for a total value of $257,370.00. Following the transaction, the chief financial officer now owns 55,779 shares of the company’s stock, valued at approximately $4,785,280.41. The disclosure for this sale can be found here. Insiders have sold a total of 22,549 shares of company stock valued at $1,962,332 in the last 90 days. 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.
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