Rational Advisors LLC Continues to Hold Position in Delphi Automotive PLC (NYSE:DLPH)
Rational Advisors LLC continued to hold its stake in shares of Delphi Automotive PLC (NYSE:DLPH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,100 shares of the auto parts company’s stock at the end of the second quarter. Rational Advisors LLC’s holdings in Delphi Automotive PLC were worth $359,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in DLPH. BlackRock Inc. raised its stake in shares of Delphi Automotive PLC by 2,138.9% in the first quarter. BlackRock Inc. now owns 16,893,002 shares of the auto parts company’s stock worth $1,359,718,000 after buying an additional 16,138,486 shares in the last quarter. Harris Associates L P bought a new position in Delphi Automotive PLC during the first quarter valued at $180,826,000. OppenheimerFunds Inc. raised its position in Delphi Automotive PLC by 72.5% in the first quarter. OppenheimerFunds Inc. now owns 2,143,459 shares of the auto parts company’s stock valued at $172,527,000 after buying an additional 900,514 shares during the period. Pioneer Investment Management Inc. bought a new position in Delphi Automotive PLC during the second quarter valued at $73,985,000. Finally, Vanguard Group Inc. raised its position in Delphi Automotive PLC by 3.2% in the first quarter. Vanguard Group Inc. now owns 21,456,887 shares of the auto parts company’s stock valued at $1,727,065,000 after buying an additional 667,244 shares during the period. 91.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of Delphi Automotive PLC (NYSE DLPH) opened at 92.34 on Monday. The company has a market capitalization of $24.64 billion, a P/E ratio of 19.54 and a beta of 1.37. Delphi Automotive PLC has a 1-year low of $60.50 and a 1-year high of $94.63. The company has a 50-day moving average price of $90.41 and a 200 day moving average price of $82.67.
Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.06. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.20 billion. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. Delphi Automotive PLC’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $1.59 earnings per share. Equities research analysts anticipate that Delphi Automotive PLC will post $6.69 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Monday, August 7th. Delphi Automotive PLC’s payout ratio is 24.58%.
DLPH has been the topic of several recent analyst reports. Zacks Investment Research lowered Delphi Automotive PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $100.00 price target (up previously from $86.00) on shares of Delphi Automotive PLC in a research report on Tuesday, April 25th. Bank of America Corporation raised Delphi Automotive PLC from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $62.00 to $95.00 in a research report on Thursday, May 4th. BMO Capital Markets lowered their price target on Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Delphi Automotive PLC in a research report on Friday, May 5th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $93.78.
In related news, SVP David M. Sherbin sold 15,500 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $86.63, for a total transaction of $1,342,765.00. Following the completion of the sale, the senior vice president now directly owns 70,766 shares of the company’s stock, valued at $6,130,458.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Vos Glen W. De sold 2,100 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $91.35, for a total value of $191,835.00. Following the sale, the senior vice president now directly owns 22,994 shares of the company’s stock, valued at $2,100,501.90. The disclosure for this sale can be found here. Insiders have sold 22,549 shares of company stock valued at $1,962,332 over the last ninety 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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