Westpac Banking Corp Has $6,701,000 Position in Delphi Automotive PLC (DLPH)
Westpac Banking Corp raised its stake in shares of Delphi Automotive PLC (NYSE:DLPH) by 5.6% during the second quarter, Holdings Channel reports. The firm owned 107,044 shares of the company’s stock after buying an additional 5,706 shares during the period. Westpac Banking Corp’s holdings in Delphi Automotive PLC were worth $6,701,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of Delphi Automotive PLC by 405.2% in the first quarter. IFP Advisors Inc now owns 1,743 shares of the company’s stock valued at $131,000 after buying an additional 1,398 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Delphi Automotive PLC during the first quarter valued at about $157,000. Citizens Financial Group Inc RI bought a new position in shares of Delphi Automotive PLC during the first quarter valued at about $189,000. Palladium Partners LLC bought a new position in shares of Delphi Automotive PLC during the second quarter valued at about $200,000. Finally, Commerce Bank increased its position in shares of Delphi Automotive PLC by 7.7% in the second quarter. Commerce Bank now owns 3,754 shares of the company’s stock valued at $235,000 after buying an additional 268 shares during the period. 93.16% of the stock is currently owned by hedge funds and other institutional investors.
Delphi Automotive PLC (NYSE:DLPH) traded up 1.383% during mid-day trading on Monday, reaching $70.735. The company had a trading volume of 71,063 shares. Delphi Automotive PLC has a one year low of $55.59 and a one year high of $88.89. The firm’s 50-day moving average is $67.44 and its 200-day moving average is $69.02. The firm has a market capitalization of $19.29 billion, a P/E ratio of 15.431 and a beta of 1.39.
Delphi Automotive PLC (NYSE:DLPH) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.04. Delphi Automotive PLC had a return on equity of 57.43% and a net margin of 8.11%. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the firm posted $1.34 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities research analysts anticipate that Delphi Automotive PLC will post $5.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Monday, August 8th. Delphi Automotive PLC’s payout ratio is 25.38%.
Several research analysts recently issued reports on the stock. Vetr downgraded shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating and set a $72.50 price target on the stock. in a research report on Monday, August 29th. Robert W. Baird reiterated an “overweight” rating and set a $95.00 price target on shares of Delphi Automotive PLC in a research report on Monday. Royal Bank Of Canada reiterated a “buy” rating on shares of Delphi Automotive PLC in a research report on Monday, June 20th. Zacks Investment Research upgraded shares of Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Finally, Piper Jaffray Cos. assumed coverage on shares of Delphi Automotive PLC in a research report on Thursday, June 9th. They set an “overweight” rating and a $82.00 price target on the stock. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $85.60.
In other news, EVP James A. Spencer sold 56,493 shares of Delphi Automotive PLC stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $70.08, for a total transaction of $3,959,029.44. Following the sale, the executive vice president now directly owns 141,011 shares of the company’s stock, valued at $9,882,050.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.36% of the company’s stock.
About Delphi Automotive PLC
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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