Harris Associates L P Grows Position in Delphi Automotive PLC (DLPH)
Harris Associates L P increased its holdings in Delphi Automotive PLC (NYSE:DLPH) by 0.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,246,675 shares of the auto parts company’s stock after acquiring an additional 110 shares during the quarter. Harris Associates L P owned approximately 0.84% of Delphi Automotive PLC worth $196,921,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Swiss National Bank lifted its stake in Delphi Automotive PLC by 2.6% in the second quarter. Swiss National Bank now owns 984,900 shares of the auto parts company’s stock worth $86,326,000 after acquiring an additional 25,200 shares during the period. Atwood & Palmer Inc. lifted its stake in Delphi Automotive PLC by 1.2% in the second quarter. Atwood & Palmer Inc. now owns 207,435 shares of the auto parts company’s stock worth $18,182,000 after acquiring an additional 2,552 shares during the period. Goldman Sachs Group Inc. lifted 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 acquiring an additional 545,896 shares during the period. Private Advisor Group LLC lifted its stake in Delphi Automotive PLC by 21.7% in the second quarter. Private Advisor Group LLC now owns 6,367 shares of the auto parts company’s stock worth $579,000 after acquiring an additional 1,135 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Delphi Automotive PLC by 2.3% in the second quarter. Wells Fargo & Company MN now owns 1,715,949 shares of the auto parts company’s stock worth $150,402,000 after acquiring an additional 38,804 shares during the period. 90.09% of the stock is owned by institutional investors.
Delphi Automotive PLC (NYSE DLPH) traded up 0.68% during trading on Friday, hitting $98.40. 2,339,202 shares of the stock traded hands. Delphi Automotive PLC has a 12 month low of $60.50 and a 12 month high of $102.95. The company has a market cap of $26.26 billion, a P/E ratio of 20.83 and a beta of 1.35. The company’s 50 day moving average price is $94.96 and its 200 day moving average price is $86.83.
Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.06. The firm had revenue of $4.32 billion during 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 firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.59 earnings per share. On average, equities research analysts anticipate that Delphi Automotive PLC will post $6.69 EPS for the current fiscal year.
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A number of analysts recently weighed in on DLPH shares. Bank of America Corporation reaffirmed an “underperform” rating and issued a $90.00 price objective (down from $95.00) on shares of Delphi Automotive PLC in a research note on Friday, June 16th. UBS AG reaffirmed a “buy” rating and issued a $102.00 price objective on shares of Delphi Automotive PLC in a research note on Thursday. BidaskClub raised shares of Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Delphi Automotive PLC in a research note on Friday, July 7th. Finally, Piper Jaffray Companies set a $112.00 price objective on shares of Delphi Automotive PLC and gave the stock a “buy” rating in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Delphi Automotive PLC presently has an average rating of “Buy” and a consensus target price of $99.60.
In related news, SVP Vos Glen W. De sold 2,100 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 22,994 shares in the company, valued at $2,100,501.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas W. Sidlik sold 8,475 shares of the business’s 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 sale, the director now owns 10,564 shares of the company’s stock, valued at approximately $1,090,099.16. The disclosure for this sale can be found here. 0.32% of the stock is 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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