PGGM Investments lowered its stake in Delphi Automotive PLC (NYSE:DLPH) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 548,417 shares of the auto parts company’s stock after selling 25,037 shares during the period. PGGM Investments owned approximately 0.20% of Delphi Automotive PLC worth $48,069,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in DLPH. Assetmark Inc. raised its position in shares of Delphi Automotive PLC by 3.1% in the first quarter. Assetmark Inc. now owns 1,520 shares of the auto parts company’s stock valued at $122,000 after buying an additional 46 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Delphi Automotive PLC during the first quarter valued at $126,000. Jacobi Capital Management LLC raised its position in shares of Delphi Automotive PLC by 25.5% in the first quarter. Jacobi Capital Management LLC now owns 1,881 shares of the auto parts company’s stock valued at $141,000 after buying an additional 382 shares during the last quarter. Huntington National Bank raised its position in shares of Delphi Automotive PLC by 4.7% in the second quarter. Huntington National Bank now owns 1,642 shares of the auto parts company’s stock valued at $144,000 after buying an additional 74 shares during the last quarter. Finally, James Investment Research Inc. bought a new position in shares of Delphi Automotive PLC during the first quarter valued at $181,000. Institutional investors and hedge funds own 92.80% of the company’s stock.
Shares of Delphi Automotive PLC (DLPH) traded up 0.36% during mid-day trading on Friday, reaching $93.19. 1,441,610 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $88.84 and a 200-day moving average price of $81.67. Delphi Automotive PLC has a 1-year low of $60.50 and a 1-year high of $93.44. The company has a market capitalization of $24.92 billion, a P/E ratio of 19.72 and a beta of 1.37.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business posted $1.59 earnings per share. Delphi Automotive PLC’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that Delphi Automotive PLC will post $6.67 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, August 7th. Delphi Automotive PLC’s payout ratio is presently 24.58%.
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Several brokerages have recently weighed in on DLPH. Guggenheim began coverage on shares of Delphi Automotive PLC in a report on Wednesday, June 21st. They set a “buy” rating and a $104.00 price objective on the stock. BidaskClub lowered shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research lowered shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Jefferies Group LLC restated a “buy” rating and issued a $100.00 price target (up previously from $86.00) on shares of Delphi Automotive PLC in a report on Tuesday, April 25th. Finally, BMO Capital Markets cut their price target on shares of Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating on the stock in a report on Monday, May 15th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Delphi Automotive PLC has a consensus rating of “Buy” and an average target price of $92.03.
In other news, Director Sean O. Mahoney sold 1,949 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $87.41, for a total transaction of $170,362.09. Following the transaction, the director now owns 11,767 shares of the company’s stock, valued at $1,028,553.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David M. Sherbin sold 15,500 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $86.63, for a total value of $1,342,765.00. Following the transaction, the senior vice president now directly owns 70,766 shares in the company, valued at approximately $6,130,458.58. The disclosure for this sale can be found here. Insiders have sold 20,449 shares of company stock worth $1,770,497 in the last 90 days. Company insiders own 0.32% of the company’s stock.
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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