Olstein Capital Management L.P. lessened its holdings in shares of Delphi Automotive PLC (NYSE:DLPH) by 41.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,500 shares of the auto parts company’s stock after selling 35,500 shares during the period. Olstein Capital Management L.P.’s holdings in Delphi Automotive PLC were worth $4,871,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Dixon Hubard Feinour & Brown Inc. VA acquired a new position in Delphi Automotive PLC during the third quarter worth $305,000. Norinchukin Bank The boosted its position in Delphi Automotive PLC by 6.8% during the third quarter. Norinchukin Bank The now owns 19,861 shares of the auto parts company’s stock worth $1,954,000 after purchasing an additional 1,271 shares in the last quarter. BDO Wealth Advisors LLC purchased a new stake in Delphi Automotive PLC during the third quarter worth $835,000. Blue Rock Advisors LLC boosted its position in Delphi Automotive PLC by 39.4% during the third quarter. Blue Rock Advisors LLC now owns 9,660 shares of the auto parts company’s stock worth $951,000 after purchasing an additional 2,731 shares in the last quarter. Finally, Chartwell Investment Partners LLC boosted its position in Delphi Automotive PLC by 3.9% during the third quarter. Chartwell Investment Partners LLC now owns 14,690 shares of the auto parts company’s stock worth $1,445,000 after purchasing an additional 545 shares in the last quarter. 90.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Delphi Automotive PLC (NYSE DLPH) traded down $1.22 during trading hours on Thursday, hitting $100.78. The stock had a trading volume of 2,084,348 shares, compared to its average volume of 1,869,891. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.62 and a quick ratio of 1.22. Delphi Automotive PLC has a twelve month low of $60.50 and a twelve month high of $104.09. The stock has a market capitalization of $26,790.00, a P/E ratio of 15.02, a P/E/G ratio of 1.19 and a beta of 1.37.
Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.10. Delphi Automotive PLC had a return on equity of 57.92% and a net margin of 8.00%. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the prior year, the business earned $1.50 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. sell-side analysts forecast that Delphi Automotive PLC will post 6.77 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $1.16 annualized dividend and a yield of 1.15%. Delphi Automotive PLC’s dividend payout ratio (DPR) is presently 22.61%.
DLPH has been the topic of a number of research analyst reports. Deutsche Bank AG downgraded Delphi Automotive PLC from a “buy” rating to a “hold” rating and decreased their target price for the stock from $108.00 to $107.00 in a research report on Thursday, October 12th. KeyCorp reiterated a “buy” rating and set a $100.00 target price on shares of Delphi Automotive PLC in a research report on Sunday, September 17th. Barclays PLC set a $114.00 target price on Delphi Automotive PLC and gave the stock a “buy” rating in a research report on Friday, October 20th. BidaskClub upgraded Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, UBS Group AG downgraded Delphi Automotive PLC from a “buy” rating to a “neutral” rating and set a $102.00 target price on the stock. in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $102.59.
In related news, Director Gary L. Cowger sold 8,500 shares of the stock in a transaction dated 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 directly owns 29,960 shares in the company, valued at $2,948,962.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas W. Sidlik sold 8,475 shares of the stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $103.19, for a total value of $874,535.25. Following the transaction, the director now owns 10,564 shares in the company, valued at $1,090,099.16. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
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.
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