Citizens Financial Group Inc. RI Cuts Stake in Delphi Automotive PLC (DLPH)

Citizens Financial Group Inc. RI lowered its position in Delphi Automotive PLC (NYSE:DLPH) by 36.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,480 shares of the auto parts company’s stock after selling 858 shares during the period. Citizens Financial Group Inc. RI’s holdings in Delphi Automotive PLC were worth $119,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Assetmark Inc. increased its stake in shares of Delphi Automotive PLC by 3.1% in the first quarter. Assetmark Inc. now owns 1,520 shares of the auto parts company’s stock worth $122,000 after buying an additional 46 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Delphi Automotive PLC during the first quarter worth approximately $126,000. Israel Discount Bank of New York GFN purchased a new position in shares of Delphi Automotive PLC during the fourth quarter worth approximately $134,000. James Investment Research Inc. purchased a new position in shares of Delphi Automotive PLC during the first quarter worth approximately $181,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Delphi Automotive PLC by 5.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,421 shares of the auto parts company’s stock worth $195,000 after buying an additional 117 shares during the last quarter. 93.82% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Delphi Automotive PLC (NYSE DLPH) traded down 1.65% on Tuesday, reaching $85.07. 595,431 shares of the company were exchanged. The stock has a market capitalization of $22.79 billion, a price-to-earnings ratio of 19.82 and a beta of 1.26. The firm’s 50 day moving average price is $86.49 and its 200 day moving average price is $77.20. Delphi Automotive PLC has a 52 week low of $58.04 and a 52 week high of $90.05.

Delphi Automotive PLC (NYSE:DLPH) last announced its earnings results on Wednesday, May 3rd. The auto parts company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.13. The company had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.12 billion. Delphi Automotive PLC had a net margin of 6.90% and a return on equity of 62.09%. Delphi Automotive PLC’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 earnings per share. Equities research analysts anticipate that Delphi Automotive PLC will post $6.62 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th were given a dividend of $0.29 per share. The ex-dividend date was Monday, May 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.34%. Delphi Automotive PLC’s dividend payout ratio is presently 27.10%.

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DLPH has been the subject of a number of recent analyst reports. Deutsche Bank AG reiterated a “buy” rating and set a $88.00 price target on shares of Delphi Automotive PLC in a report on Wednesday, March 15th. Vetr upgraded Delphi Automotive PLC from a “buy” rating to a “strong-buy” rating and set a $84.64 target price for the company in a research note on Monday, February 20th. Wells Fargo & Co reaffirmed a “positive” rating and issued a $95.00 price target (up previously from $82.00) on shares of Delphi Automotive PLC in a research report on Monday, March 20th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Finally, Barclays PLC lifted their target price on shares of Delphi Automotive PLC from $87.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 15th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $90.04.

In other Delphi Automotive PLC news, Director Sean O. Mahoney sold 1,949 shares of the firm’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 sale, the director now owns 11,767 shares of the company’s stock, valued at $1,028,553.47. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David M. Sherbin sold 15,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 70,766 shares in the company, valued at $6,130,458.58. The disclosure for this sale can be found here. 0.32% of the stock is currently 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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