Terra Nova Asset Management LLC lowered its stake in shares of Delphi Automotive PLC (NYSE:DLPH) by 29.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,163 shares of the company’s stock after selling 6,011 shares during the period. Delphi Automotive PLC accounts for 1.5% of Terra Nova Asset Management LLC’s investment portfolio, making the stock its 28th largest position. Terra Nova Asset Management LLC’s holdings in Delphi Automotive PLC were worth $887,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Delphi Automotive PLC by 14.5% in the first quarter. Wellington Management Group LLP now owns 8,422,202 shares of the company’s stock valued at $631,834,000 after buying an additional 1,069,378 shares during the period. JPMorgan Chase & Co. increased its stake in Delphi Automotive PLC by 37.0% in the first quarter. JPMorgan Chase & Co. now owns 7,340,786 shares of the company’s stock valued at $550,705,000 after buying an additional 1,984,170 shares during the period. Lazard Asset Management LLC increased its stake in Delphi Automotive PLC by 92.8% in the first quarter. Lazard Asset Management LLC now owns 4,031,474 shares of the company’s stock valued at $302,441,000 after buying an additional 1,940,448 shares during the period. Geode Capital Management LLC increased its stake in Delphi Automotive PLC by 5.0% in the first quarter. Geode Capital Management LLC now owns 2,451,102 shares of the company’s stock valued at $183,539,000 after buying an additional 117,242 shares during the period. Finally, Franklin Resources Inc. increased its stake in Delphi Automotive PLC by 46.2% in the first quarter. Franklin Resources Inc. now owns 2,254,804 shares of the company’s stock valued at $169,154,000 after buying an additional 712,789 shares during the period. 93.08% of the stock is currently owned by institutional investors.

Shares of Delphi Automotive PLC (NYSE:DLPH) traded up 0.97% during mid-day trading on Wednesday, reaching $69.52. The company’s stock had a trading volume of 1,918,649 shares. Delphi Automotive PLC has a 12 month low of $55.59 and a 12 month high of $88.89. The company has a market cap of $18.96 billion, a P/E ratio of 15.17 and a beta of 1.39. The company has a 50-day moving average of $67.67 and a 200-day moving average of $69.02.

Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.04. The company earned $4.21 billion during the quarter, compared to analyst estimates of $4.22 billion. Delphi Automotive PLC had a net margin of 8.11% and a return on equity of 57.43%. Delphi Automotive PLC’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 earnings per share. Equities research analysts forecast that Delphi Automotive PLC will post $5.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, August 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.67%. Delphi Automotive PLC’s dividend payout ratio is currently 25.38%.

Several research analysts have commented on the company. Credit Agricole SA reaffirmed a “buy” rating on shares of Delphi Automotive PLC in a report on Wednesday, August 3rd. RBC Capital Markets reaffirmed an “outperform” rating and set a $74.00 target price (up from $70.00) on shares of Delphi Automotive PLC in a report on Thursday, August 4th. Barclays PLC cut their target price on Delphi Automotive PLC from $85.00 to $83.00 and set an “overweight” rating on the stock in a report on Thursday, August 4th. Seaport Global Securities assumed coverage on Delphi Automotive PLC in a report on Tuesday, August 9th. They set a “buy” rating and a $77.00 target price on the stock. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Delphi Automotive PLC in a report on Tuesday, June 28th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Delphi Automotive PLC has a consensus rating of “Buy” and a consensus target price of $85.60.

In other news, EVP James A. Spencer sold 56,493 shares of the stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $70.08, for a total transaction of $3,959,029.44. Following the completion of the sale, the executive vice president now directly owns 141,011 shares in the company, valued at $9,882,050.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.36% of the company’s stock.

Delphi Automotive PLC Company Profile

Delphi Automotive PLC is a vehicle components manufacturer. The Company provides electrical and electronic, powertrain and safety solutions to the automotive and commercial vehicle markets. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety.

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