Sit Investment Associates Inc. Has $14,291,000 Position in Delphi Automotive PLC (DLPH)
Sit Investment Associates Inc. lowered its stake in shares of Delphi Automotive PLC (NYSE:DLPH) by 40.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 228,290 shares of the company’s stock after selling 154,775 shares during the period. Sit Investment Associates Inc. owned approximately 0.08% of Delphi Automotive PLC worth $14,291,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. IFP Advisors Inc boosted its position in Delphi Automotive PLC by 405.2% in the first quarter. IFP Advisors Inc now owns 1,743 shares of the company’s stock valued at $131,000 after buying an additional 1,398 shares during the period. Meeder Asset Management Inc. bought a new position in Delphi Automotive PLC during the first quarter valued at $157,000. Citizens Financial Group Inc RI bought a new position in Delphi Automotive PLC during the first quarter valued at $189,000. Palladium Partners LLC bought a new position in Delphi Automotive PLC during the second quarter valued at $200,000. Finally, Zions Bancorporation boosted its position in 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 period. Hedge funds and other institutional investors own 93.08% of the company’s stock.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded down 1.02% during mid-day trading on Thursday, reaching $71.04. The company had a trading volume of 901,574 shares. The firm has a 50-day moving average price of $69.19 and a 200-day moving average price of $68.99. Delphi Automotive PLC has a 1-year low of $55.59 and a 1-year high of $88.89. The stock has a market capitalization of $19.38 billion, a price-to-earnings ratio of 15.50 and a beta of 1.39.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.04. Delphi Automotive PLC had a return on equity of 57.43% and a net margin of 8.11%. The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the company posted $1.34 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. Equities analysts expect that Delphi Automotive PLC will post $5.99 earnings per share for the current year.
DLPH has been the topic of several research analyst reports. Seaport Global Securities initiated coverage on shares of Delphi Automotive PLC in a research report on Tuesday, August 9th. They issued a “buy” rating and a $77.00 price objective on the stock. Barclays PLC restated an “overweight” rating and issued a $85.00 price objective (down from $88.00) on shares of Delphi Automotive PLC in a research report on Tuesday, July 19th. Vetr lowered Delphi Automotive PLC from a “strong-buy” rating to a “buy” rating and set a $72.70 target price for the company. in a research note on Wednesday, August 17th. Zacks Investment Research lowered Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Delphi Automotive PLC in a research note on Monday, June 20th. One investment analyst has rated the stock with a sell rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus 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.
Receive News & Stock Ratings for Delphi Automotive PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delphi Automotive PLC and related stocks with our FREE daily email newsletter.