Jennison Associates LLC Trims Stake in Delphi Automotive PLC (DLPH)

Jennison Associates LLC lessened its holdings in shares of Delphi Automotive PLC (NYSE:DLPH) by 13.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,098,800 shares of the auto parts company’s stock after selling 164,082 shares during the quarter. Jennison Associates LLC owned about 0.41% of Delphi Automotive PLC worth $108,122,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of DLPH. Palladium Partners LLC raised its holdings in Delphi Automotive PLC by 1.2% in the second quarter. Palladium Partners LLC now owns 3,368 shares of the auto parts company’s stock valued at $295,000 after acquiring an additional 41 shares in the last quarter. Blair William & Co. IL raised its holdings in Delphi Automotive PLC by 1.0% in the second quarter. Blair William & Co. IL now owns 4,111 shares of the auto parts company’s stock valued at $360,000 after acquiring an additional 41 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Delphi Automotive PLC by 1.0% in the second quarter. D.A. Davidson & CO. now owns 6,318 shares of the auto parts company’s stock valued at $553,000 after acquiring an additional 61 shares in the last quarter. Huntington National Bank raised its holdings in Delphi Automotive PLC by 4.7% in the second quarter. Huntington National Bank now owns 1,642 shares of the auto parts company’s stock valued at $144,000 after acquiring an additional 74 shares in the last quarter. Finally, RNC Capital Management LLC raised its holdings in Delphi Automotive PLC by 3.2% in the second quarter. RNC Capital Management LLC now owns 2,863 shares of the auto parts company’s stock valued at $251,000 after acquiring an additional 89 shares in the last quarter. 90.15% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on DLPH shares. Citigroup Inc. raised their target price on shares of Delphi Automotive PLC from $105.00 to $115.00 and gave the company a “buy” rating in a report on Monday, October 2nd. UBS AG reaffirmed a “buy” rating and issued a $102.00 target price on shares of Delphi Automotive PLC in a report on Thursday, September 28th. Piper Jaffray Companies set a $112.00 price objective on shares of Delphi Automotive PLC and gave the stock a “buy” rating in a report on Friday, August 11th. Wells Fargo & Company raised their price objective on shares of Delphi Automotive PLC from $105.00 to $109.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Delphi Automotive PLC has a consensus rating of “Buy” and an average price target of $103.98.

In other Delphi Automotive PLC news, Director Thomas W. Sidlik sold 8,475 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $103.19, for a total value of $874,535.25. Following the completion of the sale, the director now owns 10,564 shares of the company’s stock, valued at $1,090,099.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary L. Cowger sold 8,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $98.43, for a total value of $836,655.00. Following the completion of the sale, 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. 0.31% of the stock is currently owned by company insiders.

Delphi Automotive PLC (NYSE:DLPH) traded down $0.29 during trading hours on Friday, reaching $95.29. 1,910,600 shares of the company were exchanged, compared to its average volume of 1,502,964. Delphi Automotive PLC has a 1 year low of $60.50 and a 1 year high of $104.09. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 1.35. The stock has a market cap of $25,331.89, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.11 and a beta of 1.37.

Delphi Automotive PLC (NYSE:DLPH) last posted its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.10. Delphi Automotive PLC had a net margin of 8.00% and a return on equity of 57.92%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the firm posted $1.50 EPS. Delphi Automotive PLC’s quarterly revenue was up 5.9% on a year-over-year basis. equities research analysts anticipate that Delphi Automotive PLC will post 6.77 earnings per share 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 1.22%. Delphi Automotive PLC’s dividend payout ratio (DPR) is 22.61%.

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

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