Comerica Bank Reduces Position in Delphi Automotive PLC (DLPH)
Comerica Bank lowered its holdings in Delphi Automotive PLC (NYSE:DLPH) by 4.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,384 shares of the auto parts company’s stock after selling 4,740 shares during the period. Comerica Bank’s holdings in Delphi Automotive PLC were worth $11,042,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Palladium Partners LLC lifted its stake in Delphi Automotive PLC by 1.2% in the second quarter. Palladium Partners LLC now owns 3,368 shares of the auto parts company’s stock worth $295,000 after acquiring an additional 41 shares during the last quarter. Blair William & Co. IL lifted its position in shares of Delphi Automotive PLC by 1.0% during the 2nd quarter. Blair William & Co. IL now owns 4,111 shares of the auto parts company’s stock worth $360,000 after buying an additional 41 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Delphi Automotive PLC by 1.0% during the 2nd quarter. D.A. Davidson & CO. now owns 6,318 shares of the auto parts company’s stock worth $553,000 after buying an additional 61 shares during the last quarter. Huntington National Bank lifted its position in shares of Delphi Automotive PLC by 4.7% during the 2nd quarter. Huntington National Bank now owns 1,642 shares of the auto parts company’s stock worth $144,000 after buying an additional 74 shares during the last quarter. Finally, RNC Capital Management LLC lifted its position in shares of Delphi Automotive PLC by 3.2% during the 2nd quarter. RNC Capital Management LLC now owns 2,863 shares of the auto parts company’s stock worth $251,000 after buying an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.
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In related news, Director Gary L. Cowger sold 8,500 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $98.43, for a total value of $836,655.00. Following the sale, the director now directly owns 29,960 shares in the company, valued at approximately $2,948,962.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas W. Sidlik sold 8,475 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 10,564 shares in the company, valued at $1,090,099.16. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.
Delphi Automotive PLC (DLPH) traded down $1.22 during trading on Friday, hitting $98.02. 216,319 shares of the company traded hands, compared to its average volume of 1,865,579. Delphi Automotive PLC has a 1-year low of $60.50 and a 1-year high of $104.09. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 1.35. The stock has a market cap of $26,094.84, a price-to-earnings ratio of 14.46, a PEG ratio of 1.14 and a beta of 1.37.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, topping the 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 business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period in the previous year, the firm earned $1.50 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. research analysts forecast that Delphi Automotive PLC will post 6.77 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be given a $0.29 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. Delphi Automotive PLC’s dividend payout ratio is presently 22.61%.
Several analysts have recently weighed in on the stock. Robert W. Baird restated 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. BidaskClub downgraded shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. 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 report on Thursday, August 3rd. Finally, Cowen and Company began coverage on shares of Delphi Automotive PLC in a report on Monday, September 25th. They issued an “outperform” rating and a $120.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $103.98.
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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