Pitcairn Co. Purchases New Position in Delphi Automotive PLC (DLPH)

Pitcairn Co. purchased a new position in shares of Delphi Automotive PLC (NYSE:DLPH) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,567 shares of the auto parts company’s stock, valued at approximately $351,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DLPH. Global X Management Co. LLC increased its holdings in shares of Delphi Automotive PLC by 9.7% during the second 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 in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Delphi Automotive PLC by 10.5% during the second 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 in the last quarter. Advisory Services Network LLC increased its holdings in shares of Delphi Automotive PLC by 1,248.5% during the second quarter. Advisory Services Network LLC now owns 1,389 shares of the auto parts company’s stock worth $122,000 after buying an additional 1,286 shares in the last quarter. BB&T Investment Services Inc. acquired a new stake in shares of Delphi Automotive PLC during the second quarter worth approximately $127,000. Finally, Huntington National Bank increased its holdings in shares of Delphi Automotive PLC by 4.7% during the second quarter. Huntington National Bank now owns 1,642 shares of the auto parts company’s stock worth $144,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 90.15% of the company’s stock.

Delphi Automotive PLC (DLPH) traded down $0.29 on Friday, reaching $95.29. 1,910,600 shares of the company’s stock were exchanged, compared to its average volume of 1,502,964. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 1.35. Delphi Automotive PLC has a 12-month low of $60.50 and a 12-month high of $104.09. The firm has a market cap of $25,331.89, a price-to-earnings ratio of 14.03, a PEG ratio of 1.11 and a beta of 1.37.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, November 7th. Delphi Automotive PLC’s dividend payout ratio is presently 22.61%.

TRADEMARK VIOLATION NOTICE: “Pitcairn Co. Purchases New Position in Delphi Automotive PLC (DLPH)” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2017/11/12/pitcairn-co-purchases-new-position-in-delphi-automotive-plc-dlph.html.

Several analysts have recently weighed in on the stock. BidaskClub raised shares of Delphi Automotive PLC from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Bank of America Corporation raised their price objective on shares of Delphi Automotive PLC from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, September 26th. KeyCorp raised their price objective on shares of Delphi Automotive PLC from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Robert W. Baird reaffirmed an “outperform” rating and set a $128.00 price objective (up previously from $110.00) on shares of Delphi Automotive PLC in a report on Thursday, September 28th. They noted that the move was a valuation call. Finally, Citigroup Inc. raised their price objective on shares of Delphi Automotive PLC from $115.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Delphi Automotive PLC presently has a consensus rating of “Buy” and an average price target of $103.98.

In other Delphi Automotive PLC news, Director Gary L. Cowger sold 8,500 shares of Delphi Automotive PLC stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $98.43, for a total transaction of $836,655.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas W. Sidlik sold 8,475 shares of Delphi Automotive PLC stock in a transaction on Monday, September 25th. The stock was sold at an average price of $103.19, for a total transaction of $874,535.25. Following the sale, the director now directly owns 10,564 shares of the company’s stock, valued at approximately $1,090,099.16. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding DLPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delphi Automotive PLC (NYSE:DLPH).

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

Receive News & Ratings for Delphi Automotive PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delphi Automotive PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply