Nomura Asset Management Co. Ltd. decreased its stake in Delphi Automotive PLC (NYSE:DLPH) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,024 shares of the auto parts company’s stock after selling 583 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Delphi Automotive PLC were worth $2,497,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. American National Bank boosted its stake in Delphi Automotive PLC by 13.3% in the first quarter. American National Bank now owns 40,650 shares of the auto parts company’s stock valued at $3,272,000 after buying an additional 4,770 shares during the last quarter. Bank of Montreal Can boosted its stake in Delphi Automotive PLC by 28.2% in the first quarter. Bank of Montreal Can now owns 623,327 shares of the auto parts company’s stock valued at $50,171,000 after buying an additional 137,065 shares during the last quarter. Augustine Asset Management Inc. boosted its stake in Delphi Automotive PLC by 3.9% in the first quarter. Augustine Asset Management Inc. now owns 68,400 shares of the auto parts company’s stock valued at $5,505,000 after buying an additional 2,555 shares during the last quarter. Creative Planning boosted its stake in Delphi Automotive PLC by 9.1% in the first quarter. Creative Planning now owns 9,374 shares of the auto parts company’s stock valued at $755,000 after buying an additional 785 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in Delphi Automotive PLC by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 232,531 shares of the auto parts company’s stock valued at $18,716,000 after buying an additional 6,215 shares during the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.
Shares of Delphi Automotive PLC (DLPH) traded down 0.62% during midday trading on Friday, hitting $89.95. 1,317,277 shares of the stock traded hands. Delphi Automotive PLC has a 52 week low of $60.50 and a 52 week high of $93.43. The company’s 50-day moving average is $88.57 and its 200 day moving average is $81.24. The firm has a market capitalization of $24.10 billion, a PE ratio of 20.96 and a beta of 1.38.
Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings data on Wednesday, May 3rd. The auto parts company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.13. The company had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.12 billion. Delphi Automotive PLC had a net margin of 6.90% and a return on equity of 62.09%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.36 earnings per share. Analysts anticipate that Delphi Automotive PLC will post $6.63 earnings per share for the current year.
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Several research firms have weighed in on DLPH. BidaskClub cut Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research note on Thursday. Royal Bank Of Canada reiterated a “buy” rating and set a $95.00 price target on shares of Delphi Automotive PLC in a report on Friday, July 7th. Jefferies Group LLC upped their price target on shares of Delphi Automotive PLC from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, May 5th. Zacks Investment Research downgraded shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $95.00 price target on shares of Delphi Automotive PLC in a report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $90.73.
In other Delphi Automotive PLC news, Director Sean O. Mahoney sold 1,949 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $87.41, for a total transaction of $170,362.09. Following the completion of the sale, the director now directly owns 11,767 shares of the company’s stock, valued at $1,028,553.47. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP David M. Sherbin sold 15,500 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $86.63, for a total transaction of $1,342,765.00. Following the completion of the sale, the senior vice president now directly owns 70,766 shares of the company’s stock, valued at $6,130,458.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,449 shares of company stock valued at $1,770,497. 0.32% of the stock is owned by corporate insiders.
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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