Delphi Automotive PLC (DLPH) Position Boosted by Acadian Asset Management LLC

Acadian Asset Management LLC increased its position in shares of Delphi Automotive PLC (NYSE:DLPH) by 1,265.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,352 shares of the auto parts company’s stock after buying an additional 19,788 shares during the period. Acadian Asset Management LLC’s holdings in Delphi Automotive PLC were worth $1,871,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of Delphi Automotive PLC during the fourth quarter worth about $855,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of Delphi Automotive PLC by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 232,531 shares of the auto parts company’s stock worth $18,716,000 after buying an additional 6,215 shares during the last quarter. Creative Planning increased its stake in shares of Delphi Automotive PLC by 9.1% in the first quarter. Creative Planning now owns 9,374 shares of the auto parts company’s stock worth $755,000 after buying an additional 785 shares during the last quarter. Augustine Asset Management Inc. increased its stake in shares of Delphi Automotive PLC by 3.9% in the first quarter. Augustine Asset Management Inc. now owns 68,400 shares of the auto parts company’s stock worth $5,505,000 after buying an additional 2,555 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Delphi Automotive PLC by 28.2% in the first quarter. Bank of Montreal Can now owns 623,327 shares of the auto parts company’s stock worth $50,171,000 after buying an additional 137,065 shares during the last quarter. 92.12% of the stock is currently owned by hedge funds and other institutional investors.

Delphi Automotive PLC (DLPH) traded up 1.10% during midday trading on Tuesday, reaching $94.50. 546,386 shares of the company’s stock were exchanged. Delphi Automotive PLC has a 52 week low of $60.50 and a 52 week high of $94.63. The firm’s 50 day moving average is $88.84 and its 200 day moving average is $81.67. The firm has a market capitalization of $25.27 billion, a price-to-earnings ratio of 20.00 and a beta of 1.37.

Delphi Automotive PLC (NYSE:DLPH) last released 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 return on equity of 60.14% and a net margin of 7.51%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the firm posted $1.59 EPS. The business’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 $6.68 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be given a $0.29 dividend. The ex-dividend date is Monday, August 7th. This represents a $1.16 annualized dividend and a yield of 1.24%. Delphi Automotive PLC’s dividend payout ratio is presently 24.58%.

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DLPH has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Delphi Automotive PLC from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, April 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $100.00 price target (up previously from $86.00) on shares of Delphi Automotive PLC in a report on Tuesday, April 25th. Bank of America Corporation raised shares of Delphi Automotive PLC from an “underperform” rating to a “neutral” rating and raised their price target for the company from $62.00 to $95.00 in a report on Thursday, May 4th. BMO Capital Markets dropped their price target on shares of Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating on the stock in a report on Friday, May 5th. Finally, Barclays PLC reissued a “buy” rating on shares of Delphi Automotive PLC in a report on Friday, May 5th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $92.03.

In other news, SVP David M. Sherbin sold 15,500 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $86.63, for a total transaction of $1,342,765.00. Following the transaction, the senior vice president now owns 70,766 shares in the company, valued at approximately $6,130,458.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Joseph R. Massaro sold 3,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $85.79, for a total value of $257,370.00. Following the transaction, the chief financial officer now owns 55,779 shares in the company, valued at approximately $4,785,280.41. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,449 shares of company stock worth $1,770,497. Insiders own 0.32% of the company’s stock.

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.

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

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