Ativo Capital Management LLC Has $3.40 Million Holdings in Delphi Automotive PLC (DLPH)
Ativo Capital Management LLC lowered its holdings in Delphi Automotive PLC (NYSE:DLPH) by 67.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,841 shares of the auto parts company’s stock after selling 80,505 shares during the quarter. Delphi Automotive PLC accounts for 0.9% of Ativo Capital Management LLC’s holdings, making the stock its 8th largest holding. Ativo Capital Management LLC’s holdings in Delphi Automotive PLC were worth $3,404,000 as of its most recent SEC filing.
A number of other large investors have also 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 valued at $1,359,718,000 after purchasing an additional 16,138,486 shares during the period. Harris Associates L P purchased a new stake in Delphi Automotive PLC in the first quarter valued at $180,826,000. Artisan Partners Limited Partnership raised its position in Delphi Automotive PLC by 43.7% in the second quarter. Artisan Partners Limited Partnership now owns 4,435,030 shares of the auto parts company’s stock valued at $388,730,000 after purchasing an additional 1,348,013 shares during the period. 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 valued at $172,527,000 after purchasing an additional 900,514 shares during the period. Finally, Pioneer Investment Management Inc. purchased a new stake in Delphi Automotive PLC in the second quarter valued at $73,985,000. Institutional investors own 90.09% of the company’s stock.
DLPH has been the topic of several research analyst reports. Piper Jaffray Companies set a $112.00 price objective on Delphi Automotive PLC and gave the company a “buy” rating in a report on Friday, August 11th. Guggenheim initiated coverage on Delphi Automotive PLC in a report on Wednesday, June 21st. They issued a “buy” rating and a $104.00 price objective on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $95.00 price objective on shares of Delphi Automotive PLC in a report on Friday, July 7th. Deutsche Bank AG boosted their price objective on Delphi Automotive PLC from $99.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Bank of America Corporation reiterated an “underperform” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Delphi Automotive PLC in a report on Friday, June 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $94.53.
In other news, SVP Vos Glen W. De sold 2,100 shares of Delphi Automotive PLC 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 sale, the senior vice president now directly owns 22,994 shares of the company’s stock, valued at $2,100,501.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Joseph R. Massaro sold 3,000 shares of Delphi Automotive PLC stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $85.79, for a total value of $257,370.00. Following the sale, 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. 0.32% of the stock is currently owned by insiders.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded down 0.42% during midday trading on Tuesday, reaching $100.15. The company’s stock had a trading volume of 515,189 shares. Delphi Automotive PLC has a 52 week low of $60.50 and a 52 week high of $100.90. The firm has a market capitalization of $26.72 billion, a price-to-earnings ratio of 21.20 and a beta of 1.35. The firm’s 50 day moving average is $94.67 and its 200 day moving average is $86.66.
Delphi Automotive PLC (NYSE:DLPH) last announced its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.06. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the company earned $1.59 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts forecast that Delphi Automotive PLC will post $6.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, August 7th. Delphi Automotive PLC’s payout ratio is 24.58%.
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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