Victory Capital Management Inc. cut its stake in Delphi Automotive PLC (NYSE:DLPH) by 9.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,232 shares of the company’s stock after selling 538 shares during the period. Victory Capital Management Inc.’s holdings in Delphi Automotive PLC were worth $328,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in Delphi Automotive PLC by 405.2% in the first quarter. IFP Advisors Inc now owns 1,743 shares of the company’s stock valued at $131,000 after buying an additional 1,398 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Delphi Automotive PLC during the first quarter valued at approximately $157,000. Citizens Financial Group Inc RI bought a new stake in Delphi Automotive PLC during the first quarter valued at approximately $189,000. Palladium Partners LLC bought a new stake in Delphi Automotive PLC during the second quarter valued at approximately $200,000. Finally, Commerce Bank boosted its stake in Delphi Automotive PLC by 7.7% in the second quarter. Commerce Bank now owns 3,754 shares of the company’s stock valued at $235,000 after buying an additional 268 shares in 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 up 0.10% during trading on Monday, reaching $71.39. 389,526 shares of the company were exchanged. The company has a 50 day moving average price of $68.61 and a 200-day moving average price of $69.03. Delphi Automotive PLC has a one year low of $55.59 and a one year high of $88.89. The stock has a market capitalization of $19.47 billion, a price-to-earnings ratio of 15.57 and a beta of 1.39.
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 analysts’ consensus estimates of $1.55 by $0.04. Delphi Automotive PLC had a return on equity of 57.43% and a net margin of 8.11%. The business earned $4.21 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the prior year, the business earned $1.34 EPS. Delphi Automotive PLC’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts predict that Delphi Automotive PLC will post $5.99 EPS for the current year.
Several research firms recently commented on DLPH. Vetr cut shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating and set a $72.50 price target for the company. in a report on Monday, August 29th. Robert W. Baird restated an “overweight” rating and set a $95.00 price target on shares of Delphi Automotive PLC in a report on Monday, September 19th. Royal Bank Of Canada restated a “buy” rating on shares of Delphi Automotive PLC in a report on Monday, June 20th. Zacks Investment Research upgraded shares of Delphi Automotive PLC from a “sell” rating to a “hold” rating in a report on Tuesday, September 13th. Finally, Piper Jaffray Cos. began coverage on shares of Delphi Automotive PLC in a research note on Thursday, June 9th. They issued an “overweight” rating and a $82.00 target price for the company. One analyst has rated the stock with a hold rating, fourteen have given 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 target price 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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