Paloma Partners Management Co boosted its stake in shares of Delphi Automotive PLC (NYSE:DLPH) by 39.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,144 shares of the auto parts company’s stock after buying an additional 2,878 shares during the period. Paloma Partners Management Co’s holdings in Delphi Automotive PLC were worth $816,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC increased its position in Delphi Automotive PLC by 203.8% in the first quarter. AQR Capital Management LLC now owns 180,189 shares of the auto parts company’s stock worth $14,503,000 after buying an additional 120,868 shares during the last quarter. BlueCrest Capital Management Ltd increased its position in Delphi Automotive PLC by 31.9% in the first quarter. BlueCrest Capital Management Ltd now owns 23,547 shares of the auto parts company’s stock worth $1,895,000 after buying an additional 5,698 shares during the last quarter. Scopus Asset Management L.P. increased its position in Delphi Automotive PLC by 100.0% in the first quarter. Scopus Asset Management L.P. now owns 200,000 shares of the auto parts company’s stock worth $16,098,000 after buying an additional 100,000 shares during the last quarter. Sii Investments Inc. WI increased its position in Delphi Automotive PLC by 0.5% in the first quarter. Sii Investments Inc. WI now owns 3,865 shares of the auto parts company’s stock worth $308,000 after buying an additional 18 shares during the last quarter. Finally, Level Four Advisory Services LLC bought a new position in Delphi Automotive PLC during the first quarter worth about $258,000. 92.80% of the stock is owned by hedge funds and other institutional investors.
Delphi Automotive PLC (DLPH) traded up 0.36% during midday trading on Friday, hitting $93.19. 1,441,610 shares of the stock were exchanged. The firm’s 50 day moving average price is $88.84 and its 200 day moving average price is $81.67. Delphi Automotive PLC has a 12 month low of $60.50 and a 12 month high of $93.44. The company has a market cap of $24.92 billion, a PE ratio of 19.72 and a beta of 1.37.
Delphi Automotive PLC (NYSE:DLPH) last posted its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.65 by $0.06. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.20 billion. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. Delphi Automotive PLC’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.59 EPS. On average, equities research analysts forecast that Delphi Automotive PLC will post $6.67 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, August 7th. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. Delphi Automotive PLC’s dividend payout ratio (DPR) is presently 24.58%.
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A number of equities analysts recently issued reports on the stock. Guggenheim assumed coverage on shares of Delphi Automotive PLC in a research note on Wednesday, June 21st. They issued a “buy” rating and a $104.00 price target for the company. BidaskClub downgraded shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research downgraded shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Jefferies Group LLC reissued a “buy” rating and issued a $100.00 price target (up from $86.00) on shares of Delphi Automotive PLC in a research note on Tuesday, April 25th. Finally, BMO Capital Markets decreased their price target on shares of Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating for the company in a research note on Monday, May 15th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Delphi Automotive PLC has an average rating of “Buy” and an average target price of $92.03.
In other Delphi Automotive PLC news, SVP David M. Sherbin sold 15,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $86.63, for a total transaction of $1,342,765.00. Following the transaction, the senior vice president now owns 70,766 shares in the company, valued at approximately $6,130,458.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sean O. Mahoney sold 1,949 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $87.41, for a total transaction of $170,362.09. Following the transaction, the director now owns 11,767 shares in the company, valued at approximately $1,028,553.47. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,449 shares of company stock valued at $1,770,497. 0.32% of the stock is currently owned by company 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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