Schwab Charles Investment Management Inc. Acquires 48,353 Shares of Delphi Automotive PLC (DLPH)
Schwab Charles Investment Management Inc. raised its stake in shares of Delphi Automotive PLC (NYSE:DLPH) by 5.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 897,284 shares of the auto parts company’s stock after buying an additional 48,353 shares during the period. Schwab Charles Investment Management Inc. owned 0.33% of Delphi Automotive PLC worth $78,647,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in shares of Delphi Automotive PLC during the first quarter valued at approximately $209,000. Goldman Sachs Group Inc. boosted its position in shares of Delphi Automotive PLC by 45.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,750,370 shares of the auto parts company’s stock valued at $140,888,000 after buying an additional 545,896 shares in the last quarter. Patten Group Inc. boosted its position in shares of Delphi Automotive PLC by 3.3% in the first quarter. Patten Group Inc. now owns 24,207 shares of the auto parts company’s stock valued at $1,819,000 after buying an additional 771 shares in the last quarter. Amica Retiree Medical Trust boosted its position in shares of Delphi Automotive PLC by 58.7% in the first quarter. Amica Retiree Medical Trust now owns 2,880 shares of the auto parts company’s stock valued at $232,000 after buying an additional 1,065 shares in the last quarter. Finally, AXA boosted its position in shares of Delphi Automotive PLC by 21.7% in the first quarter. AXA now owns 621,706 shares of the auto parts company’s stock valued at $50,041,000 after buying an additional 111,016 shares in the last quarter. 91.90% of the stock is owned by institutional investors.
Shares of Delphi Automotive PLC (DLPH) opened at 94.19 on Thursday. The firm has a market capitalization of $25.13 billion, a price-to-earnings ratio of 19.93 and a beta of 1.37. The company’s 50-day moving average is $91.75 and its 200 day moving average is $83.99. Delphi Automotive PLC has a 52 week low of $60.50 and a 52 week high of $94.63.
Delphi Automotive PLC (NYSE:DLPH) last issued its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.06. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the company earned $1.59 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that Delphi Automotive PLC will post $6.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $1.16 annualized dividend and a dividend yield of 1.23%. Delphi Automotive PLC’s dividend payout ratio is presently 24.58%.
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DLPH has been the topic of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Delphi Automotive PLC from $80.00 to $78.00 and set an “underweight” rating on the stock in a report on Friday, June 9th. Zacks Investment Research lowered shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Bank of America Corporation upgraded shares of Delphi Automotive PLC from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $62.00 to $95.00 in a report on Thursday, May 4th. BidaskClub upgraded shares of Delphi Automotive PLC from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $107.00 price objective (up from $99.00) on shares of Delphi Automotive PLC in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Delphi Automotive PLC currently has a consensus rating of “Buy” and a consensus target price of $93.78.
In other news, CFO Joseph R. Massaro sold 3,000 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $85.79, for a total value of $257,370.00. Following the sale, the chief financial officer now owns 55,779 shares in the company, valued at approximately $4,785,280.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sean O. Mahoney sold 1,949 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $87.41, for a total transaction of $170,362.09. Following the completion of the sale, the director now owns 11,767 shares in the company, valued at approximately $1,028,553.47. The disclosure for this sale can be found here. Insiders sold a total of 7,049 shares of company stock worth $619,567 in the last 90 days. 0.32% of the stock is owned by corporate 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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