USA Financial Portformulas Corp Purchases New Stake in Delphi Automotive PLC (DLPH)
USA Financial Portformulas Corp purchased a new stake in shares of Delphi Automotive PLC (NYSE:DLPH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,261 shares of the auto parts company’s stock, valued at approximately $3,765,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Delphi Automotive PLC by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 644,378 shares of the auto parts company’s stock worth $51,867,000 after acquiring an additional 49,048 shares during the last quarter. Paloma Partners Management Co boosted its stake in shares of Delphi Automotive PLC by 39.6% during the 1st quarter. Paloma Partners Management Co now owns 10,144 shares of the auto parts company’s stock worth $816,000 after acquiring an additional 2,878 shares during the last quarter. Fox Run Management L.L.C. boosted its stake in shares of Delphi Automotive PLC by 276.9% during the 2nd quarter. Fox Run Management L.L.C. now owns 9,800 shares of the auto parts company’s stock worth $859,000 after acquiring an additional 7,200 shares during the last quarter. Atria Investments LLC purchased a new position in shares of Delphi Automotive PLC during the 2nd quarter worth $316,000. Finally, Hallmark Capital Management Inc. lifted its stake in shares of Delphi Automotive PLC by 1.3% during the 2nd quarter. Hallmark Capital Management Inc. now owns 176,375 shares of the auto parts company’s stock valued at $15,459,000 after buying an additional 2,285 shares in the last quarter. 90.15% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on DLPH shares. Deutsche Bank AG lifted their target price on shares of Delphi Automotive PLC from $99.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Piper Jaffray Companies set a $112.00 price target on shares of Delphi Automotive PLC and gave the stock a “buy” rating in a research note on Friday, August 11th. Jefferies Group LLC boosted their price target on shares of Delphi Automotive PLC to $118.00 and gave the stock a “buy” rating in a research note on Thursday, September 28th. BidaskClub upgraded shares of Delphi Automotive PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, KeyCorp reiterated a “buy” rating and issued a $100.00 price target on shares of Delphi Automotive PLC in a research note on Sunday, September 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $103.98.
Shares of Delphi Automotive PLC (NYSE DLPH) traded up $0.38 on Tuesday, hitting $97.27. 1,438,292 shares of the stock traded hands, compared to its average volume of 1,840,000. Delphi Automotive PLC has a 52-week low of $60.50 and a 52-week high of $104.09. The stock has a market cap of $26,000.00, a PE ratio of 14.27, a PEG ratio of 1.06 and a beta of 1.37. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.62 and a quick ratio of 1.22.
Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.10. Delphi Automotive PLC had a net margin of 8.00% and a return on equity of 57.92%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. Delphi Automotive PLC’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities analysts expect that Delphi Automotive PLC will post 6.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.16 dividend on an annualized basis and a yield of 1.19%. Delphi Automotive PLC’s payout ratio is 22.61%.
In related news, Director Thomas W. Sidlik sold 8,475 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $103.19, for a total transaction of $874,535.25. Following the completion of the sale, the director now owns 10,564 shares of the company’s stock, valued at $1,090,099.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary L. Cowger sold 8,500 shares of the stock in a transaction that occurred 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 sale, 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 have sold 19,075 shares of company stock valued at $1,903,025 in the last three months. 0.31% of the stock is currently owned by corporate insiders.
About Delphi Automotive PLC
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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