Delphi Automotive PLC (DLPH) Stake Decreased by Northern Trust Corp
Northern Trust Corp lowered its stake in shares of Delphi Automotive PLC (NYSE:DLPH) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,943,635 shares of the auto parts company’s stock after selling 22,730 shares during the quarter. Northern Trust Corp owned approximately 1.10% of Delphi Automotive PLC worth $258,009,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in Delphi Automotive PLC in the first quarter worth $126,000. US Bancorp DE boosted its holdings in Delphi Automotive PLC by 108.1% in the first quarter. US Bancorp DE now owns 2,991 shares of the auto parts company’s stock worth $241,000 after purchasing an additional 1,554 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Delphi Automotive PLC by 8.0% in the first quarter. UBS Asset Management Americas Inc. now owns 1,807,714 shares of the auto parts company’s stock worth $145,503,000 after purchasing an additional 134,108 shares during the period. Rational Advisors LLC acquired a new position in Delphi Automotive PLC in the first quarter worth $330,000. Finally, Levin Capital Strategies L.P. boosted its holdings in Delphi Automotive PLC by 18.5% in the first quarter. Levin Capital Strategies L.P. now owns 4,500 shares of the auto parts company’s stock worth $362,000 after purchasing an additional 701 shares during the period. 90.09% of the stock is owned by institutional investors and hedge funds.
Shares of Delphi Automotive PLC (NYSE DLPH) opened at 102.78 on Friday. The company’s 50 day moving average is $94.96 and its 200-day moving average is $86.83. Delphi Automotive PLC has a 52 week low of $60.50 and a 52 week high of $102.95. The company has a market capitalization of $27.43 billion, a PE ratio of 21.75 and a beta of 1.35.
Delphi Automotive PLC (NYSE:DLPH) last announced its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.59 earnings per share. On average, analysts expect that Delphi Automotive PLC will post $6.69 EPS for the current fiscal year.
In other news, 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 owns 22,994 shares in the company, valued at $2,100,501.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is currently owned by corporate insiders.
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DLPH has been the subject of a number of research reports. KeyCorp reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Delphi Automotive PLC in a report on Sunday, September 17th. Morgan Stanley decreased their price objective on shares of Delphi Automotive PLC from $80.00 to $78.00 and set an “underweight” rating for the company in a report on Friday, June 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $107.00 price objective (up previously from $99.00) on shares of Delphi Automotive PLC in a report on Wednesday, August 9th. BidaskClub raised shares of Delphi Automotive PLC from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Finally, BMO Capital Markets lifted their price objective on shares of Delphi Automotive PLC from $104.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Delphi Automotive PLC currently has an average rating of “Buy” and an average target price of $94.53.
Delphi Automotive PLC Profile
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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