Sanders Capital LLC increased its stake in Delphi Automotive PLC (NYSE:DLPH) by 7.6% during the second quarter, Holdings Channel reports. The fund owned 4,786,256 shares of the company’s stock after buying an additional 337,977 shares during the period. Delphi Automotive PLC accounts for approximately 2.5% of Sanders Capital LLC’s investment portfolio, making the stock its 19th largest position. Sanders Capital LLC’s holdings in Delphi Automotive PLC were worth $307,416,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of Delphi Automotive PLC by 405.2% in the first quarter. IFP Advisors Inc now owns 1,743 shares of the company’s stock worth $131,000 after buying an additional 1,398 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Delphi Automotive PLC during the first quarter worth approximately $157,000. Citizens Financial Group Inc RI acquired a new position in shares of Delphi Automotive PLC during the first quarter worth approximately $189,000. Palladium Partners LLC acquired a new position in shares of Delphi Automotive PLC during the second quarter worth approximately $200,000. Finally, Zions Bancorporation boosted its stake in shares of Delphi Automotive PLC by 2,150.0% in the first quarter. Zions Bancorporation now owns 3,330 shares of the company’s stock valued at $250,000 after buying an additional 3,182 shares during the last quarter. 93.08% of the stock is owned by institutional investors.
Delphi Automotive PLC (NYSE:DLPH) traded down 1.28% during midday trading on Friday, hitting $70.12. The stock had a trading volume of 1,294,164 shares. Delphi Automotive PLC has a one year low of $55.59 and a one year high of $88.89. The stock’s 50-day moving average is $69.36 and its 200-day moving average is $69.00. The company has a market cap of $19.13 billion, a P/E ratio of 15.30 and a beta of 1.39.
Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.04. Delphi Automotive PLC had a net margin of 8.11% and a return on equity of 57.43%. The company earned $4.21 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. Delphi Automotive PLC’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities analysts predict that Delphi Automotive PLC will post $5.99 EPS for the current fiscal year.
A number of analysts have recently weighed in on the company. Seaport Global Securities assumed coverage on Delphi Automotive PLC in a research report on Tuesday, August 9th. They set a “buy” rating and a $77.00 price target on the stock. Barclays PLC reiterated an “overweight” rating and set a $85.00 price target (down from $88.00) on shares of Delphi Automotive PLC in a research report on Tuesday, July 19th. Vetr cut Delphi Automotive PLC from a “strong-buy” rating to a “buy” rating and set a $72.70 price target on the stock. in a research report on Wednesday, August 17th. Zacks Investment Research cut Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Delphi Automotive PLC in a research report on Monday, June 20th. One analyst has rated the stock with a sell rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $85.60.
About Delphi Automotive PLC
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.