Conning Inc. Cuts Position in Delphi Automotive PLC (DLPH)

Conning Inc. decreased its position in shares of Delphi Automotive PLC (NYSE:DLPH) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,300 shares of the auto parts company’s stock after selling 30 shares during the period. Conning Inc.’s holdings in Delphi Automotive PLC were worth $552,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Delphi Automotive PLC by 2,138.9% in the first quarter. BlackRock Inc. now owns 16,893,002 shares of the auto parts company’s stock worth $1,359,718,000 after buying an additional 16,138,486 shares in the last quarter. Harris Associates L P bought a new position in Delphi Automotive PLC during the first quarter worth $180,826,000. OppenheimerFunds Inc. increased its position in Delphi Automotive PLC by 72.5% in the first quarter. OppenheimerFunds Inc. now owns 2,143,459 shares of the auto parts company’s stock worth $172,527,000 after buying an additional 900,514 shares in the last quarter. Pioneer Investment Management Inc. bought a new position in Delphi Automotive PLC during the second quarter worth $73,985,000. Finally, Vanguard Group Inc. increased its position in Delphi Automotive PLC by 3.2% in the first quarter. Vanguard Group Inc. now owns 21,456,887 shares of the auto parts company’s stock worth $1,727,065,000 after buying an additional 667,244 shares in the last quarter. 91.90% of the stock is owned by hedge funds and other institutional investors.

Delphi Automotive PLC (NYSE:DLPH) opened at 92.42 on Friday. The firm has a 50-day moving average of $91.19 and a 200 day moving average of $83.28. Delphi Automotive PLC has a one year low of $60.50 and a one year high of $94.63. The company has a market capitalization of $24.66 billion, a P/E ratio of 19.56 and a beta of 1.37.

Delphi Automotive PLC (NYSE:DLPH) last posted its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.06. The business 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%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 earnings per share. On average, equities analysts forecast that Delphi Automotive PLC will post $6.69 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be given a $0.29 dividend. The ex-dividend date is Monday, August 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.26%. Delphi Automotive PLC’s payout ratio is currently 24.58%.

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A number of research analysts have recently weighed in on DLPH shares. Zacks Investment Research raised shares of Delphi Automotive PLC from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Friday, April 21st. Barclays PLC reaffirmed a “buy” rating on shares of Delphi Automotive PLC in a report on Friday, May 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Delphi Automotive PLC in a report on Friday, July 7th. Bank of America Corporation reaffirmed an “underperform” rating and issued a $90.00 price objective (down from $95.00) on shares of Delphi Automotive PLC in a report on Friday, June 16th. Finally, BMO Capital Markets cut their price objective on shares of Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating for the company in a report on Friday, May 5th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Delphi Automotive PLC has an average rating of “Buy” and an average target price of $93.78.

In other Delphi Automotive PLC news, SVP Vos Glen W. De sold 2,100 shares of the company’s stock in a transaction that occurred 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 directly owns 22,994 shares in the company, valued at $2,100,501.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Joseph R. Massaro sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $85.79, for a total transaction of $257,370.00. Following the completion of the transaction, the chief financial officer now owns 55,779 shares of the company’s stock, valued at $4,785,280.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,049 shares of company stock valued at $619,567. Company insiders own 0.32% of the company’s stock.

Delphi Automotive PLC Company 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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Institutional Ownership by Quarter for Delphi Automotive PLC (NYSE:DLPH)

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