Delphi Automotive PLC (DLPH) Shares Sold by Cipher Capital LP
Cipher Capital LP lowered its holdings in shares of Delphi Automotive PLC (NYSE:DLPH) by 4.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,623 shares of the auto parts company’s stock after selling 2,671 shares during the period. Cipher Capital LP’s holdings in Delphi Automotive PLC were worth $6,359,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Global X Management Co. LLC increased its holdings in Delphi Automotive PLC by 9.7% in the 2nd quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock worth $113,000 after purchasing an additional 114 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Delphi Automotive PLC by 10.5% in 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 increased its holdings in Delphi Automotive PLC by 1,248.5% in 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. acquired a new position in Delphi Automotive PLC in the 2nd quarter worth about $127,000. Finally, Huntington National Bank increased its holdings in 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 worth $144,000 after purchasing an additional 74 shares in the last quarter. 90.64% of the stock is owned by institutional investors.
Shares of Delphi Automotive PLC (DLPH) traded up $1.08 during trading on Friday, hitting $99.24. The company had a trading volume of 1,169,800 shares, compared to its average volume of 1,865,579. Delphi Automotive PLC has a 52 week low of $60.50 and a 52 week high of $104.09. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 1.35. The company has a market cap of $26,350.00, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.37.
Delphi Automotive PLC (NYSE:DLPH) last announced its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.56 by $0.10. Delphi Automotive PLC had a return on equity of 57.92% and a net margin of 8.00%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the prior year, the company earned $1.50 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. analysts predict that Delphi Automotive PLC will post 6.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be issued a $0.29 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $1.16 annualized dividend and a yield of 1.17%. Delphi Automotive PLC’s payout ratio is currently 22.61%.
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In other Delphi Automotive PLC news, Director Thomas W. Sidlik sold 8,475 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $103.19, for a total value of $874,535.25. Following the transaction, the director now owns 10,564 shares in the company, valued at $1,090,099.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary L. Cowger sold 8,500 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $98.43, for a total value of $836,655.00. Following the completion of the transaction, the director now owns 29,960 shares in the company, valued at approximately $2,948,962.80. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.
A number of equities analysts have issued reports on the company. Robert W. Baird reaffirmed an “outperform” rating and issued a $128.00 target price (up previously from $110.00) on shares of Delphi Automotive PLC in a report on Thursday, September 28th. They noted that the move was a valuation call. Piper Jaffray Companies set a $112.00 price target on Delphi Automotive PLC and gave the company a “buy” rating in a research note on Friday, August 11th. BidaskClub cut Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research note on Saturday, November 11th. Deutsche Bank AG increased their price target on Delphi Automotive PLC from $99.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Cowen and Company assumed coverage on Delphi Automotive PLC in a research note on Monday, September 25th. They issued an “outperform” rating and a $120.00 price target for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $103.98.
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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