Lazard Asset Management LLC Has $250.57 Million Holdings in Delphi Automotive PLC (DLPH)

Lazard Asset Management LLC cut its holdings in Delphi Automotive PLC (NYSE:DLPH) by 44.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,858,744 shares of the auto parts company’s stock after selling 2,316,602 shares during the quarter. Lazard Asset Management LLC owned about 1.07% of Delphi Automotive PLC worth $250,568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Delphi Automotive PLC by 3.2% in the first quarter. Vanguard Group Inc. now owns 21,456,887 shares of the auto parts company’s stock valued at $1,727,065,000 after acquiring an additional 667,244 shares during the last quarter. BlackRock Inc. lifted its stake in Delphi Automotive PLC by 2.5% in the second quarter. BlackRock Inc. now owns 17,315,076 shares of the auto parts company’s stock valued at $1,517,667,000 after acquiring an additional 422,074 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Delphi Automotive PLC by 3.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 16,841,567 shares of the auto parts company’s stock valued at $1,355,577,000 after acquiring an additional 552,921 shares during the last quarter. Longview Partners Guernsey LTD lifted its stake in Delphi Automotive PLC by 3.2% in the second quarter. Longview Partners Guernsey LTD now owns 9,772,666 shares of the auto parts company’s stock valued at $856,574,000 after acquiring an additional 300,071 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its stake in Delphi Automotive PLC by 43.7% in the second quarter. Artisan Partners Limited Partnership now owns 4,435,030 shares of the auto parts company’s stock valued at $388,730,000 after acquiring an additional 1,348,013 shares during the last quarter. Hedge funds and other institutional investors own 90.09% of the company’s stock.

Delphi Automotive PLC (NYSE DLPH) traded down 0.39% during trading on Monday, reaching $99.80. 300,906 shares of the company traded hands. Delphi Automotive PLC has a 12 month low of $60.50 and a 12 month high of $100.67. The company has a market cap of $26.63 billion, a PE ratio of 21.12 and a beta of 1.35. The company’s 50-day moving average is $94.36 and its 200 day moving average is $86.35.

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, beating the consensus estimate of $1.65 by $0.06. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the business earned $1.59 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. On average, analysts anticipate that Delphi Automotive PLC will post $6.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $1.16 annualized dividend and a dividend yield of 1.16%. Delphi Automotive PLC’s dividend payout ratio is presently 24.58%.

A number of analysts have issued reports on the stock. Piper Jaffray Companies set a $112.00 target price on shares of Delphi Automotive PLC and gave the company a “buy” rating in a research note on Friday, August 11th. Deutsche Bank AG lifted their target price on shares of Delphi Automotive PLC from $99.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. KeyCorp reiterated a “buy” rating and issued a $100.00 target price on shares of Delphi Automotive PLC in a research note on Sunday. BMO Capital Markets lifted their target price on shares of Delphi Automotive PLC from $104.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, BidaskClub upgraded shares of Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $94.53.

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In other Delphi Automotive PLC news, CFO Joseph R. Massaro sold 3,000 shares of the firm’s stock in a transaction on 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 owns 55,779 shares of the company’s stock, valued at approximately $4,785,280.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vos Glen W. De sold 2,100 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $91.35, for a total value of $191,835.00. Following the sale, the senior vice president now directly owns 22,994 shares of the company’s stock, valued at approximately $2,100,501.90. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company 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.

Institutional Ownership by Quarter for Delphi Automotive PLC (NYSE:DLPH)

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