Delphi Automotive PLC (DLPH) Shares Sold by WASHINGTON TRUST Co
WASHINGTON TRUST Co trimmed its position in shares of Delphi Automotive PLC (NYSE:DLPH) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,595 shares of the auto parts company’s stock after selling 6,989 shares during the quarter. Delphi Automotive PLC accounts for approximately 1.3% of WASHINGTON TRUST Co’s holdings, making the stock its 27th largest position. WASHINGTON TRUST Co owned approximately 0.08% of Delphi Automotive PLC worth $21,904,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Delphi Automotive PLC by 8.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 644,378 shares of the auto parts company’s stock worth $51,867,000 after purchasing an additional 49,048 shares during the period. Paloma Partners Management Co raised its holdings in Delphi Automotive PLC by 39.6% in the 1st quarter. Paloma Partners Management Co now owns 10,144 shares of the auto parts company’s stock worth $816,000 after purchasing an additional 2,878 shares during the period. Xact Kapitalforvaltning AB raised its holdings in Delphi Automotive PLC by 12.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 49,841 shares of the auto parts company’s stock worth $4,369,000 after purchasing an additional 5,436 shares during the period. Fox Run Management L.L.C. raised its holdings in Delphi Automotive PLC by 276.9% in the 2nd quarter. Fox Run Management L.L.C. now owns 9,800 shares of the auto parts company’s stock worth $859,000 after purchasing an additional 7,200 shares during the period. Finally, Atria Investments LLC bought a new position in Delphi Automotive PLC in the 2nd quarter worth $316,000. 90.01% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Delphi Automotive PLC (DLPH) traded down $2.42 during trading on Friday, hitting $96.89. The stock had a trading volume of 2,475,755 shares, compared to its average volume of 1,550,400. The stock has a market capitalization of $25,757.24, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.06 and a beta of 1.37. 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 1.05 and a debt-to-equity ratio of 1.35.
Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.10. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.10 billion. Delphi Automotive PLC had a return on equity of 57.92% and a net margin of 8.00%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $1.50 earnings per share. sell-side analysts forecast that Delphi Automotive PLC will post 6.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be issued a dividend of $0.29 per share. 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 1.20%. Delphi Automotive PLC’s payout ratio is presently 22.61%.
In other Delphi Automotive PLC news, SVP Vos Glen W. De sold 2,100 shares of Delphi Automotive PLC 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 completion of the transaction, the senior vice president now directly owns 22,994 shares of the company’s stock, valued at $2,100,501.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas W. Sidlik sold 8,475 shares of Delphi Automotive PLC stock in a transaction on Monday, September 25th. The shares were sold at an average price of $103.19, for a total value of $874,535.25. Following the transaction, the director now directly owns 10,564 shares of the company’s stock, valued at $1,090,099.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,075 shares of company stock valued at $1,903,025. Company insiders own 0.31% of the company’s stock.
DLPH has been the topic of a number of recent research reports. Citigroup Inc. raised their target price on Delphi Automotive PLC from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, October 2nd. UBS AG reaffirmed a “buy” rating and issued a $102.00 target price on shares of Delphi Automotive PLC in a report on Thursday, September 28th. Piper Jaffray Companies set a $112.00 target price on Delphi Automotive PLC and gave the stock a “buy” rating in a report on Friday, August 11th. Wells Fargo & Company raised their target price on Delphi Automotive PLC from $105.00 to $109.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $100.00 target price on shares of Delphi Automotive PLC in a report on Sunday, September 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $103.98.
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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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