BlackRock Inc. Purchases 422,074 Shares of Delphi Automotive PLC (DLPH)

BlackRock Inc. lifted its position in shares of Delphi Automotive PLC (NYSE:DLPH) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,315,076 shares of the auto parts company’s stock after acquiring an additional 422,074 shares during the quarter. BlackRock Inc. owned approximately 6.48% of Delphi Automotive PLC worth $1,517,667,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLPH. Global X Management Co. LLC lifted its holdings in Delphi Automotive PLC by 9.7% during the 2nd quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock worth $113,000 after buying an additional 114 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Delphi Automotive PLC by 10.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,316 shares of the auto parts company’s stock worth $115,000 after buying an additional 125 shares during the period. Assetmark Inc. lifted its holdings in Delphi Automotive PLC by 3.1% during the 1st 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 acquired a new position in Delphi Automotive PLC during the 1st quarter worth about $126,000. Finally, Jacobi Capital Management LLC lifted its holdings in Delphi Automotive PLC by 25.5% during the 1st quarter. Jacobi Capital Management LLC now owns 1,881 shares of the auto parts company’s stock worth $141,000 after buying an additional 382 shares during the period. 90.10% of the stock is currently owned by institutional investors.

In other Delphi Automotive PLC news, SVP Vos Glen W. De sold 2,100 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $91.35, for a total value of $191,835.00. Following the completion of the sale, the senior vice president now directly owns 22,994 shares in the company, valued at $2,100,501.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joseph R. Massaro sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $85.79, for a total transaction of $257,370.00. Following the completion of the sale, the chief financial officer now owns 55,779 shares of the company’s stock, valued at $4,785,280.41. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

DLPH has been the topic of several recent research reports. Morgan Stanley cut their target price on Delphi Automotive PLC from $80.00 to $78.00 and set an “underweight” rating on the stock in a report on Friday, June 9th. Deutsche Bank AG reaffirmed a “buy” rating and set a $107.00 target price (up from $99.00) on shares of Delphi Automotive PLC in a report on Wednesday, August 9th. BidaskClub raised Delphi Automotive PLC from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. BMO Capital Markets lifted their target price on Delphi Automotive PLC from $104.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $95.00 target price on shares of Delphi Automotive PLC in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $93.78.

Shares of Delphi Automotive PLC (NYSE DLPH) traded up 2.35% during mid-day trading on Friday, reaching $100.19. The company had a trading volume of 2,184,292 shares. Delphi Automotive PLC has a 12-month low of $60.50 and a 12-month high of $100.50. The firm has a 50-day moving average of $94.36 and a 200-day moving average of $86.35. The company has a market capitalization of $26.74 billion, a P/E ratio of 21.20 and a beta of 1.35.

Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.06. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the business posted $1.59 earnings per share. Delphi Automotive PLC’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Delphi Automotive PLC will post $6.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were issued a $0.29 dividend. The ex-dividend date was Monday, August 7th. This represents a $1.16 annualized dividend and a yield of 1.16%. Delphi Automotive PLC’s dividend payout ratio (DPR) is presently 24.58%.

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Delphi Automotive PLC 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.

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

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