Neuberger Berman Group LLC Has $81,714,000 Position in Delphi Automotive PLC (DLPH)
Neuberger Berman Group LLC cut its stake in shares of Delphi Automotive PLC (NYSE:DLPH) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,145,737 shares of the company’s stock after selling 15,394 shares during the period. Neuberger Berman Group LLC owned approximately 0.42% of Delphi Automotive PLC worth $81,714,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Emerald Acquisition Ltd. bought a new stake in shares of Delphi Automotive PLC during the second quarter valued at about $151,586,000. Tesco Pension Investment Ltd bought a new stake in shares of Delphi Automotive PLC during the third quarter valued at about $147,140,000. Alliancebernstein L.P. increased its stake in shares of Delphi Automotive PLC by 38.9% in the second quarter. Alliancebernstein L.P. now owns 4,497,033 shares of the company’s stock valued at $281,514,000 after buying an additional 1,258,424 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Delphi Automotive PLC by 49.0% in the second quarter. Franklin Resources Inc. now owns 3,359,570 shares of the company’s stock valued at $210,321,000 after buying an additional 1,104,766 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of 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 valued at $47,621,000 after buying an additional 746,271 shares in the last quarter. Institutional investors and hedge funds own 93.69% of the company’s stock.
Shares of Delphi Automotive PLC (NYSE:DLPH) opened at 66.32 on Tuesday. The firm has a market cap of $17.96 billion, a PE ratio of 15.65 and a beta of 1.43. Delphi Automotive PLC has a 1-year low of $55.59 and a 1-year high of $88.89. The stock’s 50 day moving average is $66.33 and its 200-day moving average is $67.11.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.07. Delphi Automotive PLC had a net margin of 7.20% and a return on equity of 58.26%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. Analysts expect that Delphi Automotive PLC will post $6.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th were paid a $0.29 dividend. 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 payout ratio is 27.49%.
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Several equities research analysts have recently issued reports on DLPH shares. Robert W. Baird reissued an “overweight” rating and set a $95.00 price objective on shares of Delphi Automotive PLC in a research report on Monday, September 19th. Zacks Investment Research downgraded shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Vetr downgraded shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating and set a $72.50 target price for the company. in a research report on Monday, August 29th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $77.00 target price (down previously from $81.00) on shares of Delphi Automotive PLC in a research report on Saturday, October 8th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $74.00 target price (up previously from $70.00) on shares of Delphi Automotive PLC in a research report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $79.90.
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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