TIAA CREF Investment Management LLC increased its stake in Delphi Automotive PLC (NYSE:DLPH) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,865,957 shares of the auto parts company’s stock after buying an additional 48,408 shares during the period. TIAA CREF Investment Management LLC owned approximately 1.06% of Delphi Automotive PLC worth $230,681,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in DLPH. Assetmark Inc. increased its position in Delphi Automotive PLC by 3.1% in the first quarter. Assetmark Inc. now owns 1,520 shares of the auto parts company’s stock valued at $122,000 after buying an additional 46 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Delphi Automotive PLC during the first quarter worth about $126,000. Israel Discount Bank of New York GFN bought a new stake in shares of Delphi Automotive PLC during the fourth quarter worth about $134,000. James Investment Research Inc. acquired a new stake in Delphi Automotive PLC during the first quarter valued at $181,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in 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 valued at $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.
Shares of Delphi Automotive PLC (NYSE DLPH) traded down 1.65% during mid-day trading on Tuesday, hitting $85.07. 595,431 shares of the stock traded hands. The stock has a market cap of $22.79 billion, a price-to-earnings ratio of 19.82 and a beta of 1.26. Delphi Automotive PLC has a 12 month low of $58.04 and a 12 month high of $90.05. The firm has a 50 day moving average of $86.49 and a 200 day moving average of $77.20.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Wednesday, May 3rd. The auto parts company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.13. Delphi Automotive PLC had a net margin of 6.90% and a return on equity of 62.09%. The company had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the company earned $1.36 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts expect that Delphi Automotive PLC will post $6.62 EPS for the current fiscal year.
The firm also recently announced 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 of this dividend was Monday, May 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.34%. Delphi Automotive PLC’s dividend payout ratio (DPR) is presently 27.10%.
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A number of research analysts have recently commented on DLPH shares. Zacks Investment Research upgraded Delphi Automotive PLC from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Tuesday, April 11th. Deutsche Bank AG increased their price target on Delphi Automotive PLC from $88.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, March 22nd. Barclays PLC raised their target price on Delphi Automotive PLC from $87.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, March 15th. Vetr raised shares of Delphi Automotive PLC from a “buy” rating to a “strong-buy” rating and set a $84.64 price target on the stock in a research report on Monday, February 20th. Finally, BMO Capital Markets dropped their target price on shares of Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $90.04.
In other news, Director Sean O. Mahoney sold 1,949 shares of Delphi Automotive PLC stock in a transaction on Friday, May 26th. The stock was sold at an average price of $87.41, for a total transaction of $170,362.09. Following the completion of the transaction, the director now owns 11,767 shares of the company’s stock, valued at approximately $1,028,553.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David M. Sherbin sold 15,500 shares of Delphi Automotive PLC stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $86.63, for a total value of $1,342,765.00. Following the transaction, the senior vice president now directly owns 70,766 shares of the company’s stock, valued at approximately $6,130,458.58. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.
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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