South Dakota Investment Council Holds Stake in Delphi Automotive PLC (DLPH)
South Dakota Investment Council continued to hold its position in Delphi Automotive PLC (NYSE:DLPH) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,900 shares of the auto parts company’s stock at the end of the 2nd quarter. South Dakota Investment Council’s holdings in Delphi Automotive PLC were worth $955,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in shares of Delphi Automotive PLC by 45.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,750,370 shares of the auto parts company’s stock valued at $140,888,000 after buying an additional 545,896 shares during the last quarter. Atwood & Palmer Inc. boosted its holdings in Delphi Automotive PLC by 1.2% in the second quarter. Atwood & Palmer Inc. now owns 207,435 shares of the auto parts company’s stock worth $18,182,000 after purchasing an additional 2,552 shares during the last quarter. Swiss National Bank boosted its holdings in Delphi Automotive PLC by 2.6% in the second quarter. Swiss National Bank now owns 984,900 shares of the auto parts company’s stock worth $86,326,000 after purchasing an additional 25,200 shares during the last quarter. Patten Group Inc. boosted its holdings in Delphi Automotive PLC by 3.3% in the first quarter. Patten Group Inc. now owns 24,207 shares of the auto parts company’s stock worth $1,819,000 after purchasing an additional 771 shares during the last quarter. Finally, AXA boosted its holdings in Delphi Automotive PLC by 21.7% in the first quarter. AXA now owns 621,706 shares of the auto parts company’s stock worth $50,041,000 after purchasing an additional 111,016 shares during the last quarter. Hedge funds and other institutional investors own 90.10% of the company’s stock.
Shares of Delphi Automotive PLC (NYSE:DLPH) opened at 97.92 on Friday. Delphi Automotive PLC has a 12 month low of $60.50 and a 12 month high of $98.83. The company has a market capitalization of $26.13 billion, a P/E ratio of 20.72 and a beta of 1.35. The stock’s 50 day moving average is $94.09 and its 200 day moving average is $86.18.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data 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. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.20 billion. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 EPS. On average, equities analysts predict that Delphi Automotive PLC will post $6.69 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, August 7th. Delphi Automotive PLC’s dividend payout ratio (DPR) is currently 24.58%.
Several equities research analysts recently issued reports on DLPH shares. Bank of America Corporation restated an “underperform” rating and issued a $90.00 target price (down previously from $95.00) on shares of Delphi Automotive PLC in a report on Friday, June 16th. BidaskClub upgraded shares of Delphi Automotive PLC from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Royal Bank Of Canada restated a “buy” rating and issued a $95.00 target price on shares of Delphi Automotive PLC in a report on Friday, July 7th. Piper Jaffray Companies set a $112.00 target price on shares of Delphi Automotive PLC and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, BMO Capital Markets raised their target price on shares of Delphi Automotive PLC from $104.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $93.78.
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In related news, CFO Joseph R. Massaro sold 3,000 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $85.79, for a total transaction of $257,370.00. Following the sale, the chief financial officer now directly owns 55,779 shares of the company’s stock, valued at $4,785,280.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Vos Glen W. De sold 2,100 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 22,994 shares in the company, valued at $2,100,501.90. The disclosure for this sale can be found here. 0.32% of the stock is owned by corporate 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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