Delphi Automotive PLC (NYSE:DLPH) Stake Decreased by BTC Capital Management Inc.
BTC Capital Management Inc. cut its stake in Delphi Automotive PLC (NYSE:DLPH) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 3,749 shares of the auto parts company’s stock after selling 5 shares during the period. BTC Capital Management Inc.’s holdings in Delphi Automotive PLC were worth $329,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of 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 valued at $1,727,065,000 after buying an additional 667,244 shares during the period. BlackRock Inc. boosted 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. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 valued at $1,355,577,000 after buying an additional 552,921 shares during the period. Longview Partners Guernsey LTD boosted its stake in shares of Delphi Automotive PLC by 3.2% in the second quarter. Longview Partners Guernsey LTD now owns 9,772,666 shares of the auto parts company’s stock valued at $856,574,000 after buying an additional 300,071 shares during the period. Finally, Artisan Partners Limited Partnership boosted its stake in shares of 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 valued at $248,474,000 after buying an additional 72,845 shares during the period. 92.12% of the stock is owned by institutional investors and hedge funds.
Delphi Automotive PLC (DLPH) opened at 92.34 on Friday. The company has a market capitalization of $24.64 billion, a price-to-earnings ratio of 19.54 and a beta of 1.37. Delphi Automotive PLC has a 12-month low of $60.50 and a 12-month high of $94.63. The firm’s 50-day moving average price is $90.41 and its 200 day moving average price is $82.67.
Delphi Automotive PLC (NYSE:DLPH) last announced its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the business earned $1.59 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that Delphi Automotive PLC will post $6.69 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, August 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.26%. Delphi Automotive PLC’s dividend payout ratio is 24.58%.
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Several analysts have recently commented on DLPH shares. Jefferies Group LLC raised their target price on Delphi Automotive PLC from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Bank of America Corporation reaffirmed an “underperform” rating and issued a $90.00 target price (down previously from $95.00) on shares of Delphi Automotive PLC in a research report on Friday, June 16th. BidaskClub raised Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $95.00 target price on shares of Delphi Automotive PLC in a research report on Friday, July 7th. Finally, Zacks Investment Research cut Delphi Automotive PLC from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $92.82.
In other news, SVP David M. Sherbin sold 15,500 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $86.63, for a total transaction of $1,342,765.00. Following the completion of the transaction, the senior vice president now directly owns 70,766 shares in the company, valued at approximately $6,130,458.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Vos Glen W. De sold 2,100 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $91.35, for a total transaction of $191,835.00. Following the transaction, the senior vice president now owns 22,994 shares of the company’s stock, valued at $2,100,501.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,549 shares of company stock valued at $1,962,332. Company 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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