FDx Advisors Inc. Purchases 1,485 Shares of Delphi Automotive PLC (DLPH)
FDx Advisors Inc. lifted its position in shares of Delphi Automotive PLC (NYSE:DLPH) by 6.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,411 shares of the auto parts company’s stock after buying an additional 1,485 shares during the quarter. FDx Advisors Inc.’s holdings in Delphi Automotive PLC were worth $2,304,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of DLPH. Global X MANAGEMENT CO LLC grew its holdings in Delphi Automotive PLC by 56.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 2,018 shares of the auto parts company’s stock valued at $199,000 after purchasing an additional 726 shares during the period. Alps Advisors Inc. purchased a new stake in Delphi Automotive PLC in the third quarter valued at approximately $236,000. Pitcairn Co. purchased a new stake in Delphi Automotive PLC in the third quarter valued at approximately $351,000. Swiss National Bank grew its holdings in Delphi Automotive PLC by 0.3% in the third quarter. Swiss National Bank now owns 987,400 shares of the auto parts company’s stock valued at $97,160,000 after purchasing an additional 2,500 shares during the period. Finally, Segantii Capital Management Ltd purchased a new stake in Delphi Automotive PLC in the third quarter valued at approximately $9,840,000. Institutional investors and hedge funds own 90.15% of the company’s stock.
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Delphi Automotive PLC (DLPH) traded down $0.29 during midday trading on Friday, hitting $95.29. 1,910,600 shares of the stock were exchanged, compared to its average volume of 1,502,964. Delphi Automotive PLC has a twelve month low of $60.50 and a twelve month high of $104.09. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $25,331.89, a PE ratio of 14.03, a P/E/G ratio of 1.11 and a beta of 1.37.
Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.10. Delphi Automotive PLC had a net margin of 8.00% and a return on equity of 57.92%. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same period in the previous year, the company posted $1.50 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities analysts forecast that Delphi Automotive PLC will post 6.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.22%. Delphi Automotive PLC’s payout ratio is currently 22.61%.
In other news, Director Gary L. Cowger sold 8,500 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $98.43, for a total transaction of $836,655.00. Following the transaction, the director now directly owns 29,960 shares of the company’s stock, valued at $2,948,962.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas W. Sidlik sold 8,475 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $103.19, for a total transaction of $874,535.25. Following the transaction, the director now directly owns 10,564 shares in the company, valued at $1,090,099.16. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.
A number of equities research analysts recently issued reports on DLPH shares. BidaskClub downgraded shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Deutsche Bank AG boosted their target price on shares of Delphi Automotive PLC from $99.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. BMO Capital Markets boosted their target price on shares of Delphi Automotive PLC from $104.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Piper Jaffray Companies set a $112.00 target price on shares of Delphi Automotive PLC and gave the company a “buy” rating in a report on Friday, August 11th. Finally, KeyCorp restated a “buy” rating and issued a $100.00 target price on shares of Delphi Automotive PLC in a report on Sunday, September 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Delphi Automotive PLC presently has a consensus rating of “Buy” and an average target price of $103.98.
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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