Delphi Automotive PLC (DLPH) Shares Sold by Eagle Asset Management Inc.
Eagle Asset Management Inc. reduced its stake in shares of Delphi Automotive PLC (NYSE:DLPH) by 8.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 617,481 shares of the auto parts company’s stock after selling 60,217 shares during the period. Eagle Asset Management Inc. owned about 0.23% of Delphi Automotive PLC worth $54,122,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake 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 in the last quarter. BlackRock Inc. raised its stake in 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 valued at $1,359,718,000 after buying an additional 16,138,486 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Delphi Automotive PLC by 3.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 16,841,567 shares of the auto parts company’s stock valued at $1,355,577,000 after buying an additional 552,921 shares in the last quarter. Longview Partners Guernsey LTD raised its stake in Delphi Automotive PLC by 3.2% in the second quarter. Longview Partners Guernsey LTD now owns 9,772,666 shares of the auto parts company’s stock valued at $856,574,000 after buying an additional 300,071 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Delphi Automotive PLC by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 3,276,189 shares of the auto parts company’s stock valued at $287,158,000 after buying an additional 269,901 shares in the last quarter. Institutional investors own 90.09% of the company’s stock.
Delphi Automotive PLC (DLPH) opened at 96.40 on Friday. The stock has a market capitalization of $25.72 billion, a P/E ratio of 20.40 and a beta of 1.37. The firm’s 50-day moving average is $92.59 and its 200-day moving average is $84.81. Delphi Automotive PLC has a 12-month low of $60.50 and a 12-month high of $96.67.
Delphi Automotive PLC (NYSE:DLPH) last released its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the firm posted $1.59 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts predict that Delphi Automotive PLC will post $6.69 EPS for the current fiscal year.
The business 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 dividend on an annualized basis and a dividend yield of 1.20%. Delphi Automotive PLC’s dividend payout ratio is currently 24.58%.
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Several analysts have recently weighed in on DLPH shares. Jefferies Group LLC lifted their price objective on shares of Delphi Automotive PLC from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Bank of America Corporation reissued an “underperform” rating and issued a $90.00 price target (down previously from $95.00) on shares of Delphi Automotive PLC in a research report on Friday, June 16th. BidaskClub raised shares of Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 price target on shares of Delphi Automotive PLC in a research report on Friday, July 7th. Finally, Piper Jaffray Companies set a $112.00 price target on shares of Delphi Automotive PLC and gave the company a “buy” rating in a research report on Friday, August 11th. Two equities 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 issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $93.78.
In other news, CFO Joseph R. Massaro sold 3,000 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $85.79, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Vos Glen W. De sold 2,100 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $91.35, for a total value of $191,835.00. Following the completion of the sale, the senior vice president now directly owns 22,994 shares in the company, valued at $2,100,501.90. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.
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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