Cigna Investments Inc. New Sells 897 Shares of Delphi Automotive PLC (DLPH)
Cigna Investments Inc. New cut its position in Delphi Automotive PLC (NYSE:DLPH) by 7.9% during the second quarter, Holdings Channel reports. The firm owned 10,421 shares of the auto parts company’s stock after selling 897 shares during the period. Cigna Investments Inc. New’s holdings in Delphi Automotive PLC were worth $913,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Fox Run Management L.L.C. acquired a new stake in shares of Delphi Automotive PLC during the first quarter worth $209,000. Goldman Sachs Group Inc. boosted its stake in Delphi Automotive PLC by 45.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,750,370 shares of the auto parts company’s stock worth $140,888,000 after buying an additional 545,896 shares during the last quarter. Amica Retiree Medical Trust boosted its stake in Delphi Automotive PLC by 58.7% in the first quarter. Amica Retiree Medical Trust now owns 2,880 shares of the auto parts company’s stock worth $232,000 after buying an additional 1,065 shares during the last quarter. AXA boosted its stake in Delphi Automotive PLC by 21.7% in the first quarter. AXA now owns 621,706 shares of the auto parts company’s stock worth $50,041,000 after buying an additional 111,016 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its stake in Delphi Automotive PLC by 1.0% in the first quarter. Advantus Capital Management Inc now owns 27,059 shares of the auto parts company’s stock worth $2,178,000 after buying an additional 268 shares during the last quarter. Institutional investors and hedge funds own 92.12% of the company’s stock.
Shares of Delphi Automotive PLC (NYSE DLPH) opened at 92.34 on Friday. The company has a market capitalization of $24.64 billion, a P/E ratio of 19.54 and a beta of 1.37. Delphi Automotive PLC has a 12 month low of $60.50 and a 12 month high of $94.63. The stock’s 50 day moving average is $90.41 and its 200 day moving average is $82.67.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.65 by $0.06. The business 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 for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 EPS. On average, equities analysts predict 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. Investors of record on Wednesday, August 9th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Monday, August 7th. Delphi Automotive PLC’s dividend payout ratio (DPR) is presently 24.58%.
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A number of research firms have recently commented on DLPH. KeyCorp cut their price target on shares of Delphi Automotive PLC from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Monday, May 8th. Robert W. Baird reiterated an “outperform” rating and set a $107.00 price target on shares of Delphi Automotive PLC in a report on Wednesday, May 17th. BMO Capital Markets cut their price target on shares of Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating on the stock in a report on Friday, May 5th. Guggenheim began coverage on shares of Delphi Automotive PLC in a report on Wednesday, June 21st. They set a “buy” rating and a $104.00 price target on the stock. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $95.00 price target on shares of Delphi Automotive PLC in a report on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Delphi Automotive PLC presently has an average rating of “Buy” and a consensus target price of $92.82.
In related news, SVP David M. Sherbin sold 15,500 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $86.63, for a total transaction of $1,342,765.00. Following the sale, the senior vice president now directly owns 70,766 shares of the company’s stock, valued at $6,130,458.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Vos Glen W. De sold 2,100 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $91.35, for a total transaction of $191,835.00. Following the sale, the senior vice president now directly owns 22,994 shares in the company, valued at $2,100,501.90. The disclosure for this sale can be found here. Insiders have sold 22,549 shares of company stock worth $1,962,332 over the last three months. 0.32% of the stock is currently owned by insiders.
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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