Polaris Greystone Financial Group LLC Sells 35,570 Shares of Delphi Automotive PLC (DLPH)
Polaris Greystone Financial Group LLC cut its stake in shares of Delphi Automotive PLC (NYSE:DLPH) by 14.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217,846 shares of the auto parts company’s stock after selling 35,570 shares during the quarter. Delphi Automotive PLC makes up 1.9% of Polaris Greystone Financial Group LLC’s portfolio, making the stock its 16th largest holding. Polaris Greystone Financial Group LLC owned about 0.08% of Delphi Automotive PLC worth $21,436,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Delphi Automotive PLC by 16.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 45,202 shares of the auto parts company’s stock valued at $4,448,000 after acquiring an additional 6,469 shares during the period. Morse Asset Management Inc bought a new position in shares of Delphi Automotive PLC during the third quarter valued at $2,284,000. Dupont Capital Management Corp lifted its holdings in shares of Delphi Automotive PLC by 1.8% during the third quarter. Dupont Capital Management Corp now owns 34,591 shares of the auto parts company’s stock valued at $3,404,000 after acquiring an additional 604 shares during the period. Andra AP fonden lifted its holdings in shares of Delphi Automotive PLC by 1.6% during the third quarter. Andra AP fonden now owns 45,300 shares of the auto parts company’s stock valued at $4,458,000 after acquiring an additional 700 shares during the period. Finally, Palisade Capital Management LLC NJ bought a new position in shares of Delphi Automotive PLC during the third quarter valued at $272,000. 90.15% of the stock is owned by institutional investors.
A number of research analysts have issued reports on DLPH shares. Deutsche Bank AG cut Delphi Automotive PLC from a “buy” rating to a “hold” rating and cut their price objective for the company from $108.00 to $107.00 in a report on Thursday, October 12th. KeyCorp reissued a “buy” rating and set a $100.00 price objective on shares of Delphi Automotive PLC in a report on Sunday, September 17th. Barclays PLC set a $114.00 price objective on Delphi Automotive PLC and gave the company a “buy” rating in a report on Friday, October 20th. BidaskClub raised Delphi Automotive PLC from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Finally, UBS AG cut Delphi Automotive PLC from a “buy” rating to a “neutral” rating and set a $102.00 price target for the company. in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Delphi Automotive PLC has an average rating of “Buy” and a consensus price target of $103.98.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded up $0.07 during mid-day trading on Monday, reaching $96.96. The company had a trading volume of 125,994 shares, compared to its average volume of 1,605,438. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.22 and a current ratio of 1.62. The firm has a market capitalization of $25,757.22, 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 1 year low of $60.50 and a 1 year high of $104.09.
Delphi Automotive PLC (NYSE:DLPH) last announced its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.10. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.10 billion. Delphi Automotive PLC had a return on equity of 57.92% and a net margin of 8.00%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. analysts expect that Delphi Automotive PLC will post 6.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be given a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.16 dividend on an annualized basis and a yield of 1.20%. Delphi Automotive PLC’s payout ratio is 22.61%.
In other news, SVP Vos Glen W. De sold 2,100 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,100,501.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas W. Sidlik sold 8,475 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,090,099.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,075 shares of company stock valued at $1,903,025. Corporate insiders own 0.31% of the company’s stock.
Delphi Automotive PLC 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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