Invictus RG lowered its position in shares of Delphi Automotive PLC (NYSE:DLPH) by 34.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,124 shares of the auto parts company’s stock after selling 2,131 shares during the period. Invictus RG’s holdings in Delphi Automotive PLC were worth $332,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Assetmark Inc. raised 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 during the period. Acadian Asset Management LLC bought a new stake in shares of Delphi Automotive PLC during the first quarter worth $126,000. Israel Discount Bank of New York GFN bought a new stake in shares of Delphi Automotive PLC during the fourth quarter worth $134,000. James Investment Research Inc. bought a new stake in shares of Delphi Automotive PLC during the first quarter worth $181,000. Finally, Benjamin F. Edwards & Company Inc. increased its position 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 worth $195,000 after buying an additional 117 shares in the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.
Delphi Automotive PLC (NYSE:DLPH) opened at 86.03 on Monday. Delphi Automotive PLC has a 12 month low of $58.04 and a 12 month high of $90.05. The firm has a market cap of $23.05 billion, a P/E ratio of 20.04 and a beta of 1.26. The firm has a 50 day moving average of $86.61 and a 200-day moving average of $77.35.
Delphi Automotive PLC (NYSE:DLPH) last issued its earnings results on Wednesday, May 3rd. The auto parts company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.13. The business had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.12 billion. Delphi Automotive PLC had a net margin of 6.90% and a return on equity of 62.09%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. On average, equities research analysts forecast that Delphi Automotive PLC will post $6.62 earnings per share for the current year.
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A number of research analysts recently issued reports on the stock. Deutsche Bank AG boosted their target price on shares of Delphi Automotive PLC from $88.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, March 22nd. Guggenheim assumed coverage on shares of Delphi Automotive PLC in a research report on Wednesday, June 21st. They set a “buy” rating and a $104.00 target price for the company. Zacks Investment Research downgraded shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Jefferies Group LLC restated a “buy” rating and set a $100.00 target price (up from $86.00) on shares of Delphi Automotive PLC in a research report on Tuesday, April 25th. Finally, BMO Capital Markets decreased their target price on shares of Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating for the company in a research report on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $90.77.
In related news, SVP David M. Sherbin sold 15,500 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $86.63, for a total value of $1,342,765.00. Following the completion of the sale, the senior vice president now owns 70,766 shares in the company, valued at $6,130,458.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sean O. Mahoney sold 1,949 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $87.41, for a total transaction of $170,362.09. Following the completion of the sale, the director now owns 11,767 shares of the company’s stock, valued at approximately $1,028,553.47. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.
About Delphi Automotive PLC
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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