Quantum Capital Management Reduces Holdings in Delphi Automotive PLC (DLPH)

Quantum Capital Management trimmed its position in Delphi Automotive PLC (NYSE:DLPH) by 26.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,734 shares of the auto parts company’s stock after selling 31,802 shares during the period. Delphi Automotive PLC comprises 2.1% of Quantum Capital Management’s portfolio, making the stock its 13th biggest holding. Quantum Capital Management’s holdings in Delphi Automotive PLC were worth $8,731,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DLPH. Janus Henderson Group PLC boosted its position in Delphi Automotive PLC by 705.4% in the second quarter. Janus Henderson Group PLC now owns 5,504,770 shares of the auto parts company’s stock worth $482,510,000 after purchasing an additional 4,821,278 shares during the last quarter. Glenview Capital Management LLC purchased a new position in shares of Delphi Automotive PLC during the 2nd quarter valued at about $163,155,000. Artisan Partners Limited Partnership lifted its position in shares of Delphi Automotive PLC by 43.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,435,030 shares of the auto parts company’s stock valued at $388,730,000 after buying an additional 1,348,013 shares in the last quarter. Pioneer Investment Management Inc. purchased a new position in shares of Delphi Automotive PLC during the 2nd quarter valued at about $73,985,000. Finally, Neuberger Berman Group LLC lifted its position in shares of Delphi Automotive PLC by 28.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,657,643 shares of the auto parts company’s stock valued at $232,942,000 after buying an additional 582,518 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Delphi Automotive PLC (NYSE:DLPH) traded down $2.13 during midday trading on Thursday, hitting $98.16. The stock had a trading volume of 2,264,900 shares, compared to its average volume of 1,868,728. The company has a market cap of $26,661.07, a P/E ratio of 14.77, a P/E/G ratio of 1.17 and a beta of 1.37. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 1.35. Delphi Automotive PLC has a 52-week low of $60.50 and a 52-week high of $104.09.

Delphi Automotive PLC (NYSE:DLPH) last released its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.10. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.10 billion. Delphi Automotive PLC had a return on equity of 57.92% and a net margin of 8.00%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS. research analysts expect that Delphi Automotive PLC will post 6.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Tuesday, November 7th. Delphi Automotive PLC’s dividend payout ratio is currently 22.61%.

A number of research firms have recently weighed in on DLPH. Bank of America Corporation lifted their price objective on Delphi Automotive PLC from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, September 26th. Cowen and Company began coverage on Delphi Automotive PLC in a research report on Monday, September 25th. They set an “outperform” rating and a $120.00 price objective on the stock. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $112.00 price objective on shares of Delphi Automotive PLC in a research report on Monday, September 25th. BidaskClub raised Delphi Automotive PLC from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Finally, KeyCorp reaffirmed a “buy” rating and set a $100.00 price objective on shares of Delphi Automotive PLC in a research report on Sunday, September 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $103.98.

In other news, Director Gary L. Cowger sold 8,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $98.43, for a total transaction of $836,655.00. Following the transaction, the director now owns 29,960 shares of the company’s stock, valued at approximately $2,948,962.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas W. Sidlik sold 8,475 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $103.19, for a total value of $874,535.25. Following the transaction, the director now directly owns 10,564 shares in the company, valued at approximately $1,090,099.16. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

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

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