Sit Investment Associates Inc. cut its position in Delphi Automotive PLC (NYSE:DLPH) by 40.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 228,290 shares of the company’s stock after selling 154,775 shares during the period. Sit Investment Associates Inc.’s holdings in Delphi Automotive PLC were worth $14,291,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Delphi Automotive PLC by 37.0% in the first quarter. JPMorgan Chase & Co. now owns 7,340,786 shares of the company’s stock valued at $550,705,000 after buying an additional 1,984,170 shares in the last quarter. Lazard Asset Management LLC boosted its position in Delphi Automotive PLC by 92.8% in the first quarter. Lazard Asset Management LLC now owns 4,031,474 shares of the company’s stock worth $302,441,000 after buying an additional 1,940,448 shares during the last quarter. Wellington Management Group LLP boosted its position in Delphi Automotive PLC by 14.5% in the first quarter. Wellington Management Group LLP now owns 8,422,202 shares of the company’s stock worth $631,834,000 after buying an additional 1,069,378 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Delphi Automotive PLC by 123.7% in the first quarter. UBS Asset Management Americas Inc. now owns 1,429,710 shares of the company’s stock worth $107,256,000 after buying an additional 790,586 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Delphi Automotive PLC by 46.2% in the first quarter. Franklin Resources Inc. now owns 2,254,804 shares of the company’s stock worth $169,154,000 after buying an additional 712,789 shares during the last quarter. 93.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded down 1.02% on Thursday, reaching $71.04. The company had a trading volume of 902,474 shares. The company has a market capitalization of $19.38 billion, a P/E ratio of 15.50 and a beta of 1.39. Delphi Automotive PLC has a 52 week low of $55.59 and a 52 week high of $88.89. The company has a 50 day moving average of $69.19 and a 200-day moving average of $68.99.
Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Wednesday, August 3rd. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.04. The company earned $4.21 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Delphi Automotive PLC had a return on equity of 57.43% and a net margin of 8.11%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 earnings per share. Analysts predict that Delphi Automotive PLC will post $5.99 earnings per share for the current fiscal year.
A number of research firms recently issued reports on DLPH. Zacks Investment Research cut Delphi Automotive PLC from a “hold” rating to a “sell” rating in a report on Tuesday. Robert W. Baird restated an “overweight” rating and set a $95.00 price objective on shares of Delphi Automotive PLC in a report on Monday, September 19th. Vetr upgraded Delphi Automotive PLC from a “hold” rating to a “strong-buy” rating and set a $81.67 price objective for the company in a report on Tuesday, August 30th. Seaport Global Securities began coverage on Delphi Automotive PLC in a report on Tuesday, August 9th. They set a “buy” rating and a $77.00 price objective for the company. Finally, Citigroup Inc. dropped their price objective on Delphi Automotive PLC from $90.00 to $88.00 and set a “buy” rating for the company in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $85.60.
About Delphi Automotive PLC
Delphi Automotive PLC is a vehicle components manufacturer. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. It serves automotive and commercial vehicle markets. Its Electrical/Electronic Architecture segment includes electrical architecture and component products.
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