Delphi Automotive PLC (DLPH) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in Delphi Automotive PLC (NYSE:DLPH) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,483 shares of the auto parts company’s stock after selling 4,540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.11% of Delphi Automotive PLC worth $28,780,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Global X Management Co. LLC raised its stake in shares of Delphi Automotive PLC by 9.7% during the 2nd quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock worth $113,000 after purchasing an additional 114 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Delphi Automotive PLC by 10.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,316 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 125 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Delphi Automotive PLC by 1,248.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,389 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 1,286 shares in the last quarter. BB&T Investment Services Inc. purchased a new stake in shares of Delphi Automotive PLC during the 2nd quarter worth about $127,000. Finally, Huntington National Bank raised its stake in shares of Delphi Automotive PLC by 4.7% during the 2nd quarter. Huntington National Bank now owns 1,642 shares of the auto parts company’s stock worth $144,000 after purchasing an additional 74 shares in the last quarter. 90.47% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. Robert W. Baird reaffirmed an “outperform” rating and set a $128.00 price target (up from $110.00) on shares of Delphi Automotive PLC in a research note on Thursday, September 28th. They noted that the move was a valuation call. 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. Bank of America Corporation raised Delphi Automotive PLC from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Monday. Deutsche Bank AG increased 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, Cowen and Company assumed coverage on Delphi Automotive PLC in a report on Monday, September 25th. They set an “outperform” rating and a $120.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned 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 a consensus target price of $104.51.
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Delphi Automotive PLC (DLPH) traded up $3.44 on Tuesday, reaching $102.14. The company’s stock had a trading volume of 2,981,200 shares, compared to its average volume of 1,869,107. The firm has a market cap of $27,150.00, a price-to-earnings ratio of 14.54, a P/E/G ratio of 1.15 and a beta of 1.37. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.62 and a quick ratio of 1.22. Delphi Automotive PLC has a 12-month low of $60.50 and a 12-month high of $104.09.
Delphi Automotive PLC (NYSE:DLPH) last released its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.10. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.10 billion. Delphi Automotive PLC had a return on equity of 57.92% and a net margin of 8.00%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 EPS. equities research analysts expect that Delphi Automotive PLC will post 6.77 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Tuesday, November 7th. Delphi Automotive PLC’s payout ratio is presently 22.61%.
In other news, Director Thomas W. Sidlik sold 8,475 shares of Delphi Automotive PLC stock in a transaction that occurred 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 sale, the director now owns 10,564 shares of the company’s stock, valued at approximately $1,090,099.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary L. Cowger sold 8,500 shares of Delphi Automotive PLC stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $98.43, for a total value of $836,655.00. Following the sale, the director now directly owns 29,960 shares in the company, valued at approximately $2,948,962.80. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company insiders.
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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