Delphi Automotive PLC (DLPH) Shares Sold by Hartford Investment Management Co.
Hartford Investment Management Co. reduced its stake in shares of Delphi Automotive PLC (NYSE:DLPH) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,426 shares of the auto parts company’s stock after selling 3,404 shares during the period. Hartford Investment Management Co.’s holdings in Delphi Automotive PLC were worth $6,348,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of DLPH. Assetmark Inc. increased its stake in Delphi Automotive PLC by 3.1% in the first quarter. Assetmark Inc. now owns 1,520 shares of the auto parts company’s stock worth $122,000 after buying an additional 46 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Delphi Automotive PLC during the first quarter worth $126,000. Jacobi Capital Management LLC increased its stake in Delphi Automotive PLC by 25.5% in the first quarter. Jacobi Capital Management LLC now owns 1,881 shares of the auto parts company’s stock worth $141,000 after buying an additional 382 shares during the last quarter. Huntington National Bank increased its stake in Delphi Automotive PLC by 4.7% in the second quarter. Huntington National Bank now owns 1,642 shares of the auto parts company’s stock worth $144,000 after buying an additional 74 shares during the last quarter. Finally, James Investment Research Inc. purchased a new stake in Delphi Automotive PLC during the first quarter worth $181,000. Hedge funds and other institutional investors own 92.12% of the company’s stock.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded up 0.48% during trading on Tuesday, hitting $93.92. 1,468,391 shares of the company’s stock were exchanged. Delphi Automotive PLC has a one year low of $60.50 and a one year high of $94.63. The stock has a market cap of $25.12 billion, a P/E ratio of 19.88 and a beta of 1.37. The firm has a 50-day moving average price of $89.37 and a 200-day moving average price of $81.90.
Delphi Automotive PLC (NYSE:DLPH) last posted its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.65 by $0.06. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.20 billion. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 EPS. Equities research analysts expect that Delphi Automotive PLC will post $6.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $1.16 dividend on an annualized basis and a yield of 1.24%. Delphi Automotive PLC’s payout ratio is 24.58%.
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A number of research analysts have issued reports on the company. Zacks Investment Research raised Delphi Automotive PLC from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, April 11th. Jefferies Group LLC upped their target price on Delphi Automotive PLC from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Barclays PLC reiterated a “buy” rating on shares of Delphi Automotive PLC in a report on Monday, May 15th. Guggenheim assumed coverage on Delphi Automotive PLC in a report on Wednesday, June 21st. They set a “buy” rating and a $104.00 target price on the stock. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $95.00 price objective on shares of Delphi Automotive PLC in a research note on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Delphi Automotive PLC has a consensus rating of “Buy” and a consensus price target of $92.03.
In related news, CFO Joseph R. Massaro sold 3,000 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $85.79, for a total transaction of $257,370.00. Following the sale, the chief financial officer now directly owns 55,779 shares of the company’s stock, valued at $4,785,280.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David M. Sherbin sold 15,500 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $86.63, for a total transaction of $1,342,765.00. Following the transaction, the senior vice president now directly owns 70,766 shares in the company, valued at $6,130,458.58. The disclosure for this sale can be found here. Insiders have sold a total of 20,449 shares of company stock worth $1,770,497 in the last 90 days. 0.32% of the stock is currently owned by company insiders.
Delphi Automotive PLC Company Profile
Delphi Automotive PLC is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.
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