State Treasurer State of Michigan boosted its stake in shares of Delphi Automotive PLC (NYSE:DLPH) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,190 shares of the company’s stock after buying an additional 400 shares during the period. State Treasurer State of Michigan’s holdings in Delphi Automotive PLC were worth $6,789,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DLPH. Emerald Acquisition Ltd. bought a new stake in Delphi Automotive PLC during the second quarter worth about $151,586,000. Tesco Pension Investment Ltd bought a new stake in Delphi Automotive PLC during the third quarter worth about $147,140,000. Alliancebernstein L.P. increased its stake in Delphi Automotive PLC by 38.9% in the second quarter. Alliancebernstein L.P. now owns 4,497,033 shares of the company’s stock worth $281,514,000 after buying an additional 1,258,424 shares in the last quarter. Franklin Resources Inc. increased its stake in Delphi Automotive PLC by 49.0% in the second quarter. Franklin Resources Inc. now owns 3,359,570 shares of the company’s stock worth $210,321,000 after buying an additional 1,104,766 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in Delphi Automotive PLC by 5,165.6% in the second quarter. Sterling Capital Management LLC now owns 760,718 shares of the company’s stock worth $47,621,000 after buying an additional 746,271 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded up 0.12% on Thursday, hitting $67.06. 1,597,956 shares of the stock traded hands. The stock has a market cap of $18.16 billion, a P/E ratio of 15.83 and a beta of 1.43. The stock’s 50 day moving average price is $66.68 and its 200 day moving average price is $67.21. Delphi Automotive PLC has a 52-week low of $55.59 and a 52-week high of $88.89.
Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.43 by $0.07. The company earned $4.10 billion during the quarter, compared to analyst estimates of $3.90 billion. Delphi Automotive PLC had a net margin of 7.20% and a return on equity of 58.26%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. On average, equities analysts expect that Delphi Automotive PLC will post $6.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Monday, November 7th. Delphi Automotive PLC’s payout ratio is presently 27.49%.
Several research firms have weighed in on DLPH. Zacks Investment Research downgraded shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Vetr downgraded shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating and set a $72.50 price target for the company. in a research note on Monday, August 29th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $77.00 price objective (down previously from $81.00) on shares of Delphi Automotive PLC in a research report on Saturday, October 8th. Bank of America Corp. cut shares of Delphi Automotive PLC from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $80.00 to $60.00 in a research report on Wednesday, November 9th. Finally, Robert W. Baird restated an “overweight” rating and issued a $95.00 price objective on shares of Delphi Automotive PLC in a research report on Monday, September 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $80.78.
Delphi Automotive PLC Company Profile
Delphi Automotive PLC is a vehicle components manufacturer. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. It serves automotive and commercial vehicle markets. Its Electrical/Electronic Architecture segment includes electrical architecture and component products.
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