State Treasurer State of Michigan lifted its stake in Delphi Automotive PLC (NYSE:DLPH) by 215.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 277,622 shares of the auto parts company’s stock after acquiring an additional 189,600 shares during the period. State Treasurer State of Michigan owned 0.10% of Delphi Automotive PLC worth $27,318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DLPH. Global X Management Co. LLC raised its position in shares of Delphi Automotive PLC by 9.7% in the 2nd quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock worth $113,000 after acquiring an additional 114 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Delphi Automotive PLC by 10.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,316 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 125 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Delphi Automotive PLC by 1,248.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,389 shares of the auto parts company’s stock worth $122,000 after acquiring an additional 1,286 shares in the last quarter. BB&T Investment Services Inc. bought a new position in shares of Delphi Automotive PLC in the 2nd quarter worth $127,000. Finally, Jacobi Capital Management LLC raised its position in shares of Delphi Automotive PLC by 25.5% in the 1st quarter. Jacobi Capital Management LLC now owns 1,881 shares of the auto parts company’s stock worth $141,000 after acquiring an additional 382 shares in the last quarter. 90.07% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Gary L. Cowger sold 8,500 shares of Delphi Automotive PLC stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $98.43, for a total transaction of $836,655.00. Following the sale, the director now owns 29,960 shares in the company, valued at $2,948,962.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas W. Sidlik sold 8,475 shares of Delphi Automotive PLC stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $103.19, for a total value of $874,535.25. Following the sale, the director now owns 10,564 shares in the company, valued at approximately $1,090,099.16. The disclosure for this sale can be found here. Insiders have sold 19,075 shares of company stock worth $1,903,025 in the last quarter. Insiders own 0.31% of the company’s stock.

Several research analysts have recently commented on the company. KeyCorp upped their target price on Delphi Automotive PLC from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Robert W. Baird reaffirmed an “outperform” rating and set a $128.00 target price (up from $110.00) on shares of Delphi Automotive PLC in a research report on Thursday, September 28th. They noted that the move was a valuation call. 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. Wells Fargo & Company upped their target price on Delphi Automotive PLC from $105.00 to $109.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. Finally, Deutsche Bank AG upped 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $103.82.

Delphi Automotive PLC (DLPH) traded up 1.40% during mid-day trading on Monday, reaching $98.20. The company’s stock had a trading volume of 357,420 shares. The stock’s 50 day moving average is $99.13 and its 200 day moving average is $90.07. The firm has a market cap of $26.20 billion, a PE ratio of 20.78 and a beta of 1.36. Delphi Automotive PLC has a one year low of $60.50 and a one year high of $104.09.

Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 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 analysts’ expectations of $4.20 billion. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. On average, analysts anticipate that Delphi Automotive PLC will post $6.70 EPS for the current year.

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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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Institutional Ownership by Quarter for Delphi Automotive PLC (NYSE:DLPH)

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