Advisory Research Inc. Continues to Hold Holdings in Delphi Automotive PLC (DLPH)
Advisory Research Inc. held its position in shares of Delphi Automotive PLC (NYSE:DLPH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,166 shares of the auto parts company’s stock at the close of the second quarter. Advisory Research Inc.’s holdings in Delphi Automotive PLC were worth $1,221,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in DLPH. US Bancorp DE raised its stake in Delphi Automotive PLC by 108.1% during the 1st quarter. US Bancorp DE now owns 2,991 shares of the auto parts company’s stock valued at $241,000 after buying an additional 1,554 shares during the last quarter. Systematic Financial Management LP purchased a new stake in Delphi Automotive PLC during the 1st quarter valued at $1,548,000. Teachers Advisors LLC raised its stake in Delphi Automotive PLC by 32.7% during the 1st quarter. Teachers Advisors LLC now owns 1,062,319 shares of the auto parts company’s stock valued at $85,506,000 after buying an additional 261,952 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Delphi Automotive PLC by 2.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 38,188 shares of the auto parts company’s stock valued at $3,073,000 after buying an additional 980 shares during the last quarter. Finally, South Dakota Investment Council raised its stake in Delphi Automotive PLC by 12.4% during the 1st quarter. South Dakota Investment Council now owns 10,900 shares of the auto parts company’s stock valued at $877,000 after buying an additional 1,200 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Delphi Automotive PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Guggenheim assumed coverage on shares of Delphi Automotive PLC in a research note on Wednesday, June 21st. They set a “buy” rating and a $104.00 target price for the company. Bank of America Corporation boosted their target price on shares of Delphi Automotive PLC from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th. KeyCorp reiterated a “buy” rating and set a $106.00 target price on shares of Delphi Automotive PLC in a research note on Friday. Finally, Robert W. Baird reiterated an “outperform” rating and set a $128.00 target price (up from $110.00) on shares of Delphi Automotive PLC in a research note on Thursday, September 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $102.82.
In other Delphi Automotive PLC news, SVP Vos Glen W. De sold 2,100 shares of Delphi Automotive PLC stock in a transaction 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 completion of the transaction, the senior vice president now owns 22,994 shares of the company’s stock, valued at $2,100,501.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary L. Cowger sold 8,500 shares of Delphi Automotive PLC stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $98.43, for a total transaction of $836,655.00. Following the completion of the transaction, the director now directly owns 29,960 shares of the company’s stock, valued at approximately $2,948,962.80. The disclosure for this sale can be found here. Insiders sold 19,075 shares of company stock valued at $1,903,025 in the last ninety days. 0.32% of the stock is owned by corporate insiders.
Shares of Delphi Automotive PLC (DLPH) traded up 0.37% during midday trading on Friday, reaching $98.46. The company’s stock had a trading volume of 86,498 shares. Delphi Automotive PLC has a 12-month low of $60.50 and a 12-month high of $104.09. The stock has a 50-day moving average of $98.67 and a 200 day moving average of $89.32. The firm has a market capitalization of $26.27 billion, a P/E ratio of 20.84 and a beta of 1.36.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share for the quarter, beating 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 company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the previous year, the company earned $1.59 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts predict that Delphi Automotive PLC will post $6.69 EPS for the current fiscal year.
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Delphi Automotive PLC 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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