Neuberger Berman Group LLC cut its stake in Delphi Automotive PLC (NYSE:DLPH) by 1.3% during the third quarter, Holdings Channel reports. The fund owned 1,145,737 shares of the company’s stock after selling 15,394 shares during the period. Neuberger Berman Group LLC’s holdings in Delphi Automotive PLC were worth $81,714,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the company. BB&T Corp raised its position in Delphi Automotive PLC by 109.9% in the second quarter. BB&T Corp now owns 36,660 shares of the company’s stock valued at $2,295,000 after buying an additional 19,191 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Delphi Automotive PLC during the second quarter valued at $151,586,000. PGGM Investments raised its position in Delphi Automotive PLC by 580.6% in the second quarter. PGGM Investments now owns 629,529 shares of the company’s stock valued at $39,409,000 after buying an additional 537,033 shares during the last quarter. Strs Ohio raised its position in Delphi Automotive PLC by 5.8% in the second quarter. Strs Ohio now owns 971,252 shares of the company’s stock valued at $60,800,000 after buying an additional 53,559 shares during the last quarter. Finally, Handelsbanken Fonder AB bought a new position in Delphi Automotive PLC during the second quarter valued at $25,353,000. Hedge funds and other institutional investors own 93.69% of the company’s stock.
Delphi Automotive PLC (NYSE:DLPH) opened at 66.32 on Tuesday. The company has a market cap of $17.96 billion, a PE ratio of 15.65 and a beta of 1.43. The stock has a 50 day moving average of $66.33 and a 200 day moving average of $67.11. Delphi Automotive PLC has a one year low of $55.59 and a one year high of $88.89.
Delphi Automotive PLC (NYSE:DLPH) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.07. The company earned $4.10 billion during the quarter, compared to the consensus estimate of $3.90 billion. Delphi Automotive PLC had a return on equity of 58.26% and a net margin of 7.20%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 EPS. On average, analysts anticipate that Delphi Automotive PLC will post $6.05 earnings per share for the current fiscal year.
The firm 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. The ex-dividend date of this dividend was Monday, November 7th. This represents a $1.16 dividend on an annualized basis and a yield of 1.75%. Delphi Automotive PLC’s dividend payout ratio is presently 27.49%.
DLPH has been the topic of several recent research reports. Deutsche Bank AG upped their price objective on shares of Delphi Automotive PLC from $99.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Vetr downgraded shares of Delphi Automotive PLC from a “strong-buy” rating to a “buy” rating and set a $72.70 price objective on the stock. in a report on Wednesday, August 17th. Seaport Global Securities initiated coverage on shares of Delphi Automotive PLC in a report on Tuesday, August 9th. They set a “buy” rating and a $77.00 price objective on the stock. Citigroup Inc. dropped their price objective on shares of Delphi Automotive PLC from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Finally, reaffirmed a “buy” rating on shares of Delphi Automotive PLC in a report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $79.90.
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.