Delphi Automotive PLC (DLPH) Stake Decreased by Bank of New York Mellon Corp
Bank of New York Mellon Corp reduced its position in shares of Delphi Automotive PLC (NYSE:DLPH) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,087,784 shares of the company’s stock after selling 39,035 shares during the period. Bank of New York Mellon Corp owned 1.50% of Delphi Automotive PLC worth $291,543,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. J.Safra Asset Management Corp bought a new stake in shares of Delphi Automotive PLC during the second quarter worth $114,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Delphi Automotive PLC by 89.1% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,086 shares of the company’s stock worth $149,000 after buying an additional 983 shares in the last quarter. South Dakota Investment Council bought a new stake in shares of Delphi Automotive PLC during the second quarter worth $175,000. Citizens Financial Group Inc RI increased its stake in shares of Delphi Automotive PLC by 23.9% in the second quarter. Citizens Financial Group Inc RI now owns 3,119 shares of the company’s stock worth $195,000 after buying an additional 601 shares in the last quarter. Finally, Palladium Partners LLC bought a new stake in shares of Delphi Automotive PLC during the second quarter worth $200,000. 93.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of Delphi Automotive PLC (NYSE:DLPH) opened at 66.32 on Tuesday. 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 $66.33 and its 200-day moving average is $67.11. The company has a market cap of $17.96 billion, a PE ratio of 15.65 and a beta of 1.43.
Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.07. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Delphi Automotive PLC had a return on equity of 58.26% and a net margin of 7.20%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 EPS. Equities research analysts expect that Delphi Automotive PLC will post $6.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th were issued a dividend of $0.29 per share. The ex-dividend date was Monday, November 7th. This represents a $1.16 annualized dividend and a dividend yield of 1.75%. Delphi Automotive PLC’s dividend payout ratio (DPR) is 27.49%.
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Several research analysts have commented on DLPH shares. Vetr downgraded shares of Delphi Automotive PLC from a “strong-buy” rating to a “hold” rating and set a $67.22 price target on the stock. in a research note on Thursday, November 10th. Bank of America Corp. downgraded shares of Delphi Automotive PLC from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $80.00 to $60.00 in a research note on Wednesday, November 9th. Zacks Investment Research raised shares of Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Deutsche Bank AG lifted their price target on shares of Delphi Automotive PLC from $99.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Finally, Barclays PLC reissued a “buy” rating on shares of Delphi Automotive PLC in a research note on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $80.78.
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.
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