Delphi Automotive PLC (DLPH) Shares Bought by Artisan Partners Limited Partnership
Artisan Partners Limited Partnership lifted its position in Delphi Automotive PLC (NYSE:DLPH) by 43.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,435,030 shares of the auto parts company’s stock after purchasing an additional 1,348,013 shares during the quarter. Artisan Partners Limited Partnership owned about 1.66% of Delphi Automotive PLC worth $388,730,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in DLPH. Acadian Asset Management LLC bought a new position in shares of Delphi Automotive PLC in the first quarter worth $126,000. Boston Partners bought a new position in shares of Delphi Automotive PLC in the first quarter worth $1,543,000. US Bancorp DE increased its holdings in shares of Delphi Automotive PLC by 108.1% in the first quarter. US Bancorp DE now owns 2,991 shares of the auto parts company’s stock worth $241,000 after purchasing an additional 1,554 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of Delphi Automotive PLC by 8.0% in the first quarter. UBS Asset Management Americas Inc. now owns 1,807,714 shares of the auto parts company’s stock worth $145,503,000 after purchasing an additional 134,108 shares during the period. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Delphi Automotive PLC by 17.7% in the first quarter. Gamco Investors INC. ET AL now owns 14,240 shares of the auto parts company’s stock worth $1,146,000 after purchasing an additional 2,140 shares during the period. 90.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Delphi Automotive PLC (NYSE DLPH) traded up 2.35% on Friday, hitting $100.19. The stock had a trading volume of 2,184,292 shares. The company has a 50 day moving average price of $94.36 and a 200-day moving average price of $86.35. Delphi Automotive PLC has a 12 month low of $60.50 and a 12 month high of $100.50. The stock has a market cap of $26.74 billion, a PE ratio of 21.20 and a beta of 1.35.
Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the firm posted $1.59 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Delphi Automotive PLC will post $6.69 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a $0.29 dividend. The ex-dividend date was Monday, August 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.16%. Delphi Automotive PLC’s dividend payout ratio (DPR) is presently 24.58%.
Several research analysts have recently weighed in on DLPH shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $95.00 price target on shares of Delphi Automotive PLC in a report on Friday, July 7th. Bank of America Corporation reaffirmed an “underperform” rating and issued a $90.00 price target (down previously from $95.00) on shares of Delphi Automotive PLC in a report on Friday, June 16th. Guggenheim started coverage on shares of Delphi Automotive PLC in a report on Wednesday, June 21st. They issued a “buy” rating and a $104.00 price target on the stock. BidaskClub cut shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, Raymond James Financial, Inc. started coverage on shares of Delphi Automotive PLC in a report on Thursday, June 15th. They issued an “outperform” rating and a $95.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Delphi Automotive PLC has an average rating of “Buy” and an average target price of $94.53.
In other news, SVP Vos Glen W. De sold 2,100 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,100,501.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Joseph R. Massaro sold 3,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $85.79, for a total transaction of $257,370.00. Following the completion of the sale, the chief financial officer now owns 55,779 shares in the company, valued at $4,785,280.41. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.
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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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