Delphi Automotive PLC (NYSE:DLPH) Stake Lowered by Arizona State Retirement System
Arizona State Retirement System lowered its position in Delphi Automotive PLC (NYSE:DLPH) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,400 shares of the auto parts company’s stock after selling 300 shares during the period. Arizona State Retirement System’s holdings in Delphi Automotive PLC were worth $5,820,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of DLPH. Vanguard Group Inc. boosted 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. BlackRock Inc. boosted 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. Massachusetts Financial Services Co. MA boosted 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. Longview Partners Guernsey LTD boosted its position in 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 worth $856,574,000 after buying an additional 300,071 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its position 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 in the last quarter. 92.12% of the stock is owned by institutional investors.
Shares of Delphi Automotive PLC (NYSE DLPH) opened at 92.34 on Friday. The stock’s 50 day moving average is $90.41 and its 200 day moving average is $82.67. Delphi Automotive PLC has a 52-week low of $60.50 and a 52-week high of $94.63. The firm has a market capitalization of $24.64 billion, a PE ratio of 19.54 and a beta of 1.37.
Delphi Automotive PLC (NYSE:DLPH) last announced its quarterly earnings data 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 previous year, the business posted $1.59 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that Delphi Automotive PLC will post $6.69 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, August 7th. Delphi Automotive PLC’s payout ratio is 24.58%.
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A number of research firms recently issued reports on DLPH. KeyCorp lowered their price objective on shares of Delphi Automotive PLC from $100.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, May 8th. Robert W. Baird reiterated an “outperform” rating and set a $107.00 price objective on shares of Delphi Automotive PLC in a research report on Wednesday, May 17th. BMO Capital Markets lowered 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 report on Friday, May 5th. Guggenheim began coverage on shares of Delphi Automotive PLC in a research report on Wednesday, June 21st. They set a “buy” rating and a $104.00 price objective for the company. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $95.00 price objective on shares of Delphi Automotive PLC in a research report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Delphi Automotive PLC presently has a consensus rating of “Buy” and an average target price of $93.78.
In related news, SVP David M. Sherbin sold 15,500 shares of Delphi Automotive PLC stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $86.63, for a total value of $1,342,765.00. Following the transaction, the senior vice president now directly owns 70,766 shares of the company’s stock, valued at $6,130,458.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Joseph R. Massaro sold 3,000 shares of Delphi Automotive PLC stock in a transaction 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 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 ninety days, insiders sold 22,549 shares of company stock worth $1,962,332. 0.32% of the stock is owned by insiders.
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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