Conning Inc. cut its stake in shares of Delphi Automotive PLC (NYSE:DLPH) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 6,740 shares of the company’s stock after selling 90 shares during the period. Conning Inc.’s holdings in Delphi Automotive PLC were worth $422,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in Delphi Automotive PLC by 405.2% in the first quarter. IFP Advisors Inc now owns 1,743 shares of the company’s stock valued at $131,000 after buying an additional 1,398 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Delphi Automotive PLC during the first quarter valued at approximately $157,000. Citizens Financial Group Inc RI bought a new stake in Delphi Automotive PLC during the first quarter valued at approximately $189,000. Palladium Partners LLC bought a new stake in Delphi Automotive PLC during the second quarter valued at approximately $200,000. Finally, Zions Bancorporation increased its stake in Delphi Automotive PLC by 2,150.0% in the first quarter. Zions Bancorporation now owns 3,330 shares of the company’s stock valued at $250,000 after buying an additional 3,182 shares during the last quarter. 93.08% of the stock is owned by institutional investors.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded up 2.35% on Friday, hitting $71.32. The company had a trading volume of 2,476,637 shares. Delphi Automotive PLC has a 1-year low of $55.59 and a 1-year high of $88.89. The firm has a market capitalization of $19.45 billion, a price-to-earnings ratio of 15.56 and a beta of 1.39. The company has a 50 day moving average price of $68.61 and a 200 day moving average price of $69.03.
Delphi Automotive PLC (NYSE:DLPH) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.04. Delphi Automotive PLC had a return on equity of 57.43% and a net margin of 8.11%. The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the previous year, the firm earned $1.34 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts forecast that Delphi Automotive PLC will post $5.99 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on DLPH shares. Robert W. Baird reissued a “buy” rating on shares of Delphi Automotive PLC in a report on Tuesday, June 28th. Royal Bank Of Canada reissued a “buy” rating on shares of Delphi Automotive PLC in a report on Monday, June 20th. Deutsche Bank AG increased their price objective on Delphi Automotive PLC from $99.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $94.00 price target on shares of Delphi Automotive PLC in a report on Monday, June 6th. Finally, Citigroup Inc. cut their price target on Delphi Automotive PLC from $90.00 to $88.00 and set a “buy” rating for the company in a report on Monday, August 8th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $85.60.
Delphi Automotive PLC Company Profile
Delphi Automotive PLC is a vehicle components manufacturer. The Company operates through three segments: Electrical/Electronic Architecture; Powertrain Systems, and Electronics and Safety. It serves automotive and commercial vehicle markets. Its Electrical/Electronic Architecture segment includes electrical architecture and component products.
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