TCW Group Inc. Acquires 4,068 Shares of Delphi Automotive PLC (DLPH)
TCW Group Inc. boosted its holdings in Delphi Automotive PLC (NYSE:DLPH) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 264,366 shares of the auto parts company’s stock after buying an additional 4,068 shares during the quarter. TCW Group Inc. owned 0.10% of Delphi Automotive PLC worth $26,014,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global X Management Co. LLC lifted its position in Delphi Automotive PLC by 9.7% during the 2nd quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock worth $113,000 after acquiring an additional 114 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Delphi Automotive PLC by 10.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,316 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 125 shares during the last quarter. Advisory Services Network LLC increased its stake in Delphi Automotive PLC by 1,248.5% in the second quarter. Advisory Services Network LLC now owns 1,389 shares of the auto parts company’s stock valued at $122,000 after acquiring an additional 1,286 shares during the period. BB&T Investment Services Inc. bought a new stake in Delphi Automotive PLC in the second quarter valued at about $127,000. Finally, Huntington National Bank lifted its holdings in Delphi Automotive PLC by 4.7% in the second quarter. Huntington National Bank now owns 1,642 shares of the auto parts company’s stock valued at $144,000 after buying an additional 74 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.
In related news, Director Gary L. Cowger sold 8,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $98.43, for a total value of $836,655.00. Following the completion of the sale, the director now owns 29,960 shares of the company’s stock, valued at $2,948,962.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas W. Sidlik sold 8,475 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $103.19, for a total value of $874,535.25. Following the completion of the sale, the director now directly owns 10,564 shares of the company’s stock, valued at approximately $1,090,099.16. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.
Delphi Automotive PLC (NYSE:DLPH) traded down $1.35 during midday trading on Wednesday, reaching $98.94. 968,173 shares of the company’s stock traded hands, compared to its average volume of 1,866,927. The stock has a market capitalization of $25,406.31, a P/E ratio of 14.07, a PEG ratio of 1.11 and a beta of 1.37. Delphi Automotive PLC has a 1-year low of $60.50 and a 1-year high of $104.09. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.22 and a current ratio of 1.62.
Delphi Automotive PLC (NYSE:DLPH) last announced its quarterly earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the prior year, the firm posted $1.50 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. equities research analysts expect that Delphi Automotive PLC will post 6.77 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, November 7th. Delphi Automotive PLC’s dividend payout ratio is currently 22.61%.
Several equities research analysts have weighed in on DLPH shares. BidaskClub lowered shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a report on Saturday. Robert W. Baird reissued an “outperform” rating and set a $128.00 price objective (up previously from $110.00) on shares of Delphi Automotive PLC in a research report on Thursday, September 28th. They noted that the move was a valuation call. Piper Jaffray Companies set a $112.00 price objective on shares of Delphi Automotive PLC and gave the stock a “buy” rating in a research report on Friday, August 11th. Wells Fargo & Company increased their price objective on shares of Delphi Automotive PLC from $105.00 to $109.00 and gave the stock an “outperform” rating in a research report on Friday, September 29th. Finally, Deutsche Bank AG increased their price objective on shares of Delphi Automotive PLC from $99.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $103.98.
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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