Westpac Banking Corp Sells 23,823 Shares of Delphi Automotive PLC (DLPH)
Westpac Banking Corp decreased its position in Delphi Automotive PLC (NYSE:DLPH) by 19.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,638 shares of the auto parts company’s stock after selling 23,823 shares during the period. Westpac Banking Corp’s holdings in Delphi Automotive PLC were worth $8,470,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Swiss National Bank raised 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 buying an additional 25,200 shares in the last quarter. Atwood & Palmer Inc. raised 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 buying an additional 2,552 shares in the last quarter. Principal Financial Group Inc. raised its stake in Delphi Automotive PLC by 6.7% in the second quarter. Principal Financial Group Inc. now owns 469,225 shares of the auto parts company’s stock worth $41,128,000 after buying an additional 29,299 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Delphi Automotive PLC by 28.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 22,131 shares of the auto parts company’s stock worth $1,940,000 after buying an additional 4,948 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in Delphi Automotive PLC by 28.1% in the second quarter. Neuberger Berman Group LLC now owns 2,657,643 shares of the auto parts company’s stock worth $232,942,000 after buying an additional 582,518 shares in the last quarter. 90.09% of the stock is currently owned by institutional investors and hedge funds.
Delphi Automotive PLC (DLPH) opened at 97.62 on Friday. The stock has a market cap of $26.05 billion, a price-to-earnings ratio of 20.66 and a beta of 1.35. Delphi Automotive PLC has a one year low of $60.50 and a one year high of $98.00. The firm’s 50 day moving average price is $92.75 and its 200 day moving average price is $84.96.
Delphi Automotive PLC (NYSE:DLPH) last released its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.06. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.20 billion. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.59 EPS. Equities analysts forecast that Delphi Automotive PLC will post $6.69 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Monday, August 7th. Delphi Automotive PLC’s payout ratio is currently 24.58%.
A number of analysts have recently weighed in on the company. BidaskClub raised Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Piper Jaffray Companies set a $112.00 price objective on Delphi Automotive PLC and gave the stock a “buy” rating in a research report on Friday, August 11th. Deutsche Bank AG reaffirmed a “buy” rating and set a $107.00 price objective (up previously from $99.00) on shares of Delphi Automotive PLC in a research report on Wednesday, August 9th. BMO Capital Markets upped their price objective on Delphi Automotive PLC from $104.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $95.00 price objective on shares of Delphi Automotive PLC in a research report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen 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 $93.78.
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 shares were sold at an average price of $91.35, for a total value of $191,835.00. Following the completion of the sale, the senior vice president now owns 22,994 shares of the company’s stock, valued at approximately $2,100,501.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joseph R. Massaro sold 3,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $85.79, for a total transaction of $257,370.00. Following the completion of the sale, the chief financial officer now directly owns 55,779 shares of the company’s stock, valued at approximately $4,785,280.41. The disclosure for this sale can be found here. 0.32% of the stock is currently 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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