New York State Common Retirement Fund Lowers Stake in Delphi Automotive PLC (DLPH)
New York State Common Retirement Fund cut its holdings in shares of Delphi Automotive PLC (NYSE:DLPH) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 998,969 shares of the auto parts company’s stock after selling 21,510 shares during the period. New York State Common Retirement Fund owned 0.38% of Delphi Automotive worth $98,299,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Global X Management Co. LLC grew its position in Delphi Automotive by 9.7% in 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. grew its position in Delphi Automotive by 10.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,316 shares of the auto parts company’s stock valued at $115,000 after buying an additional 125 shares during the last quarter. Advisory Services Network LLC grew its position in Delphi Automotive by 1,248.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,389 shares of the auto parts company’s stock valued at $122,000 after buying an additional 1,286 shares during the last quarter. BB&T Investment Services Inc. purchased a new position in Delphi Automotive in the 2nd quarter valued at $127,000. Finally, Pinebridge Investments L.P. grew its position in Delphi Automotive by 61.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,861 shares of the auto parts company’s stock valued at $164,000 after buying an additional 705 shares during the last quarter. Institutional investors and hedge funds own 91.06% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Robert W. Baird reiterated an “outperform” rating and issued a $128.00 price objective (up from $110.00) on shares of Delphi Automotive in a research report on Thursday, September 28th. They noted that the move was a valuation call. Wells Fargo & Company lifted their price objective on shares of Delphi Automotive from $105.00 to $109.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. Piper Jaffray Companies set a $112.00 price objective on shares of Delphi Automotive and gave the company a “buy” rating in a research report on Friday, August 11th. Deutsche Bank reiterated a “buy” rating and issued a $107.00 price objective (up from $99.00) on shares of Delphi Automotive in a research report on Wednesday, August 9th. Finally, UBS restated a “buy” rating and set a $102.00 target price on shares of Delphi Automotive in a research report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Delphi Automotive has a consensus rating of “Buy” and an average target price of $100.70.
Shares of Delphi Automotive PLC (DLPH) opened at $103.51 on Friday. The company has a market cap of $27,517.10, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 1.20 and a beta of 1.39. Delphi Automotive PLC has a 1 year low of $63.46 and a 1 year high of $104.99. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.22 and a current ratio of 1.62.
Delphi Automotive (NYSE:DLPH) last issued its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.56 by $0.10. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.10 billion. Delphi Automotive had a net margin of 8.00% and a return on equity of 57.92%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.50 EPS. sell-side 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 was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Tuesday, November 7th. Delphi Automotive’s dividend payout ratio (DPR) is presently 22.61%.
In other news, Director Bernd Wiedemann sold 17,000 shares of Delphi Automotive stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $101.54, for a total transaction of $1,726,180.00. Following the completion of the transaction, the director now owns 7,975 shares of the company’s stock, valued at approximately $809,781.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary L. Cowger sold 8,500 shares of Delphi Automotive stock in a transaction 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 transaction, the director now directly owns 29,960 shares of the company’s stock, valued at approximately $2,948,962.80. The disclosure for this sale can be found here. Insiders have sold a total of 33,975 shares of company stock valued at $3,437,370 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.
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Delphi Automotive Company 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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