Alpine Woods Capital Investors LLC decreased its position in shares of Delphi Automotive PLC (NYSE:DLPH) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,200 shares of the auto parts company’s stock after selling 15,400 shares during the quarter. Delphi Automotive PLC makes up approximately 1.0% of Alpine Woods Capital Investors LLC’s portfolio, making the stock its 16th biggest position. Alpine Woods Capital Investors LLC owned 0.07% of Delphi Automotive PLC worth $18,814,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in Delphi Automotive PLC by 705.4% during the 2nd quarter. Janus Henderson Group PLC now owns 5,504,770 shares of the auto parts company’s stock worth $482,510,000 after buying an additional 4,821,278 shares during the period. Glenview Capital Management LLC acquired a new position in Delphi Automotive PLC during the 2nd quarter worth about $163,155,000. Artisan Partners Limited Partnership lifted its holdings in Delphi Automotive PLC by 43.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,435,030 shares of the auto parts company’s stock worth $388,730,000 after buying an additional 1,348,013 shares during the period. Pioneer Investment Management Inc. acquired a new position in Delphi Automotive PLC during the 2nd quarter worth about $73,985,000. Finally, Neuberger Berman Group LLC lifted its holdings in Delphi Automotive PLC by 28.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,657,643 shares of the auto parts company’s stock worth $232,942,000 after buying an additional 582,518 shares during the period. 90.47% of the stock is currently owned by institutional investors.
A number of research analysts have recently issued reports on the company. Bank of America Corporation boosted their price objective on Delphi Automotive PLC from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies reissued an “overweight” rating and issued a $112.00 price objective on shares of Delphi Automotive PLC in a research note on Monday, September 25th. Cowen and Company assumed coverage on Delphi Automotive PLC in a research note on Monday, September 25th. They issued an “outperform” rating and a $120.00 price objective on the stock. BidaskClub raised Delphi Automotive PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, KeyCorp reissued a “buy” rating and issued a $100.00 price objective on shares of Delphi Automotive PLC in a research note on Sunday, September 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $104.51.
Shares of Delphi Automotive PLC (DLPH) traded down $0.54 on Monday, reaching $98.70. The company’s stock had a trading volume of 1,540,200 shares, compared to its average volume of 1,864,120. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.62 and a quick ratio of 1.22. The company has a market cap of $26,238.39, a price-to-earnings ratio of 14.54, a P/E/G ratio of 1.15 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.
Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.10. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.10 billion. Delphi Automotive PLC had a return on equity of 57.92% and a net margin of 8.00%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 EPS. analysts expect that Delphi Automotive PLC will post 6.77 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Tuesday, November 7th. Delphi Automotive PLC’s dividend payout ratio is currently 22.61%.
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In other news, Director Thomas W. Sidlik sold 8,475 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 10,564 shares in the company, valued at approximately $1,090,099.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary L. Cowger sold 8,500 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 29,960 shares in the company, valued at approximately $2,948,962.80. The disclosure for this sale can be found here. Insiders own 0.31% 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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