Delphi Automotive PLC (DLPH) Shares Bought by ARK Investment Management LLC
ARK Investment Management LLC raised its position in Delphi Automotive PLC (NYSE:DLPH) by 301.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,856 shares of the auto parts company’s stock after purchasing an additional 9,654 shares during the quarter. ARK Investment Management LLC’s holdings in Delphi Automotive PLC were worth $1,127,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. California Public Employees Retirement System raised its position in Delphi Automotive PLC by 3.8% in the second quarter. California Public Employees Retirement System now owns 683,600 shares of the auto parts company’s stock valued at $59,918,000 after purchasing an additional 25,300 shares during the period. MML Investors Services LLC purchased a new stake in Delphi Automotive PLC in the second quarter valued at approximately $200,000. Vanguard Group Inc. raised its position in Delphi Automotive PLC by 1.8% in the second quarter. Vanguard Group Inc. now owns 21,839,159 shares of the auto parts company’s stock valued at $1,914,202,000 after purchasing an additional 382,272 shares during the period. D.A. Davidson & CO. raised its position in Delphi Automotive PLC by 1.0% in the second quarter. D.A. Davidson & CO. now owns 6,318 shares of the auto parts company’s stock valued at $553,000 after purchasing an additional 61 shares during the period. Finally, Pinebridge Investments L.P. raised its position in Delphi Automotive PLC by 61.0% in the second quarter. Pinebridge Investments L.P. now owns 1,861 shares of the auto parts company’s stock valued at $164,000 after purchasing an additional 705 shares during the period. 90.09% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on DLPH shares. Deutsche Bank AG boosted their target price on Delphi Automotive PLC from $99.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 target price on shares of Delphi Automotive PLC in a research report on Friday, July 7th. Guggenheim started coverage on Delphi Automotive PLC in a research report on Wednesday, June 21st. They issued a “buy” rating and a $104.00 target price on the stock. Piper Jaffray Companies set a $112.00 target price on Delphi Automotive PLC and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, KeyCorp reissued a “buy” rating and issued a $100.00 target price on shares of Delphi Automotive PLC in a research report on Sunday, September 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Delphi Automotive PLC presently has an average rating of “Buy” and a consensus target price of $94.53.
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In related news, SVP Vos Glen W. De sold 2,100 shares of Delphi Automotive PLC stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $91.35, for a total transaction of $191,835.00. Following the sale, the senior vice president now owns 22,994 shares of the company’s stock, valued at approximately $2,100,501.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.32% of the company’s stock.
Delphi Automotive PLC (DLPH) traded up 1.72% during trading on Friday, reaching $102.78. The company had a trading volume of 1,358,791 shares. The stock has a 50 day moving average price of $94.96 and a 200-day moving average price of $86.83. The company has a market capitalization of $27.43 billion, a PE ratio of 21.75 and a beta of 1.35. Delphi Automotive PLC has a 52-week low of $60.50 and a 52-week high of $102.95.
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 (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the firm posted $1.59 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Delphi Automotive PLC will post $6.69 earnings per share for the current fiscal year.
Delphi Automotive PLC 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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