Delphi Automotive PLC (DLPH) Position Boosted by Teacher Retirement System of Texas
Teacher Retirement System of Texas raised its holdings in Delphi Automotive PLC (NYSE:DLPH) by 0.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 825,539 shares of the auto parts company’s stock after buying an additional 775 shares during the quarter. Teacher Retirement System of Texas owned 0.31% of Delphi Automotive PLC worth $81,233,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global X Management Co. LLC lifted its position in shares of Delphi Automotive PLC by 9.7% during the 2nd quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock valued at $113,000 after buying an additional 114 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Delphi Automotive PLC by 10.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,316 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 125 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Delphi Automotive PLC by 1,248.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,389 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 1,286 shares in the last quarter. BB&T Investment Services Inc. purchased a new stake in shares of Delphi Automotive PLC in the 2nd quarter valued at about $127,000. Finally, Huntington National Bank raised its holdings in shares of Delphi Automotive PLC by 4.7% in the 2nd quarter. Huntington National Bank now owns 1,642 shares of the auto parts company’s stock valued at $144,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.
Several equities analysts recently issued reports on the company. Bank of America Corporation raised their price target on Delphi Automotive PLC from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 26th. Piper Jaffray Companies restated an “overweight” rating and issued a $112.00 target price on shares of Delphi Automotive PLC in a research note on Monday, September 25th. Cowen and Company began coverage on Delphi Automotive PLC in a research note on Monday, September 25th. They set an “outperform” rating and a $120.00 price objective for the company. BidaskClub upgraded Delphi Automotive PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, KeyCorp reiterated a “buy” rating and set 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, five have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $103.98.
Delphi Automotive PLC (NYSE DLPH) traded down $0.29 during trading on Monday, reaching $95.29. 1,910,600 shares of the company traded hands, compared to its average volume of 1,857,672. Delphi Automotive PLC has a 12-month low of $60.50 and a 12-month high of $104.09. 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 firm has a market cap of $25,331.88, a P/E ratio of 14.03, a PEG ratio of 1.11 and a beta of 1.37.
Delphi Automotive PLC (NYSE:DLPH) last announced its quarterly earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.10. Delphi Automotive PLC had a net margin of 8.00% and a return on equity of 57.92%. The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same period in the previous year, the company earned $1.50 earnings per share. Delphi Automotive PLC’s quarterly revenue was up 5.9% compared to the same quarter last year. research analysts predict that Delphi Automotive PLC will post 6.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.22%. Delphi Automotive PLC’s payout ratio is 22.61%.
In related news, Director Thomas W. Sidlik sold 8,475 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $103.19, for a total transaction of $874,535.25. Following the completion of the sale, the director now directly owns 10,564 shares of the company’s stock, valued at approximately $1,090,099.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary L. Cowger sold 8,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $98.43, for a total transaction of $836,655.00. Following the sale, the director now directly owns 29,960 shares of the company’s stock, valued at $2,948,962.80. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate 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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