Huntington National Bank increased its stake in Delphi Automotive PLC (NYSE:DLPH) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,642 shares of the auto parts company’s stock after buying an additional 74 shares during the period. Huntington National Bank’s holdings in Delphi Automotive PLC were worth $144,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its stake 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 during the last quarter. Harris Associates L P bought a new stake in Delphi Automotive PLC during the first quarter worth $180,826,000. OppenheimerFunds Inc. increased its stake 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 during the last quarter. Vanguard Group Inc. increased its stake 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 during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Delphi Automotive PLC by 3.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 16,841,567 shares of the auto parts company’s stock worth $1,355,577,000 after buying an additional 552,921 shares during the last quarter. Institutional investors own 91.90% of the company’s stock.
Delphi Automotive PLC (NYSE:DLPH) traded down 0.16% during midday trading on Friday, reaching $92.27. 1,566,475 shares of the company’s stock traded hands. The firm has a market cap of $24.62 billion, a PE ratio of 19.53 and a beta of 1.37. The firm’s 50-day moving average is $91.35 and its 200 day moving average is $83.44. Delphi Automotive PLC has a 52-week low of $60.50 and a 52-week high of $94.63.
Delphi Automotive PLC (NYSE:DLPH) last issued its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.06. The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.20 billion. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Equities research analysts expect that Delphi Automotive PLC will post $6.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $1.16 annualized dividend and a dividend yield of 1.26%. Delphi Automotive PLC’s dividend payout ratio is presently 24.58%.
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A number of analysts recently weighed in on DLPH shares. Jefferies Group LLC increased their price objective on Delphi Automotive PLC from $100.00 to $106.00 and gave the company a “buy” rating in a report on Monday, May 15th. Bank of America Corporation restated 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. BidaskClub upgraded Delphi Automotive PLC from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Royal Bank Of Canada restated a “buy” rating and issued a $95.00 price objective on shares of Delphi Automotive PLC in a report on Friday, July 7th. Finally, Piper Jaffray Companies set a $112.00 price target on shares of Delphi Automotive PLC and gave the company a “buy” rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Delphi Automotive PLC currently has an average rating of “Buy” and an average price target of $93.78.
In other news, CFO Joseph R. Massaro sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $85.79, for a total value of $257,370.00. Following the transaction, the chief financial officer now owns 55,779 shares in the company, valued at $4,785,280.41. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sean O. Mahoney sold 1,949 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $87.41, for a total transaction of $170,362.09. Following the completion of 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 sold 7,049 shares of company stock worth $619,567. Insiders own 0.32% of the company’s stock.
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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