Westwood Management Corp IL boosted its stake in Delphi Automotive PLC (NYSE:DLPH) by 144.2% during the first quarter, Holdings Channel reports. The fund owned 298,370 shares of the auto parts company’s stock after buying an additional 176,170 shares during the period. Delphi Automotive PLC accounts for 4.1% of Westwood Management Corp IL’s holdings, making the stock its 11th largest position. Westwood Management Corp IL owned about 0.11% of Delphi Automotive PLC worth $24,016,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Delphi Automotive PLC during the fourth quarter valued at $608,597,000. Price T Rowe Associates Inc. MD raised its stake in Delphi Automotive PLC by 25.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,215,563 shares of the auto parts company’s stock valued at $799,894,000 after buying an additional 2,308,682 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Delphi Automotive PLC during the fourth quarter valued at $145,952,000. Lazard Asset Management LLC raised its stake in Delphi Automotive PLC by 38.1% in the third quarter. Lazard Asset Management LLC now owns 6,512,309 shares of the auto parts company’s stock valued at $464,457,000 after buying an additional 1,797,659 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Delphi Automotive PLC during the fourth quarter valued at $47,503,000. 93.68% of the stock is owned by institutional investors.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded down 1.67% during trading on Friday, hitting $76.60. 1,532,163 shares of the stock were exchanged. The firm’s 50 day moving average price is $77.77 and its 200-day moving average price is $71.50. Delphi Automotive PLC has a 52 week low of $58.04 and a 52 week high of $83.23. The stock has a market cap of $20.65 billion, a P/E ratio of 16.69 and a beta of 1.29.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Thursday, February 2nd. The auto parts company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.23. Delphi Automotive PLC had a net margin of 7.54% and a return on equity of 61.96%. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the firm earned $1.39 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts predict that Delphi Automotive PLC will post $6.53 EPS for the current year.
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Several analysts have recently weighed in on DLPH shares. Deutsche Bank AG raised their price objective on shares of Delphi Automotive PLC from $88.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, March 22nd. Barclays PLC raised their price objective on shares of Delphi Automotive PLC from $87.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, March 15th. KeyCorp reaffirmed an “overweight” rating on shares of Delphi Automotive PLC in a report on Monday, January 9th. Vetr raised shares of Delphi Automotive PLC from a “buy” rating to a “strong-buy” rating and set a $84.64 price objective for the company in a report on Monday, February 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price objective (up previously from $83.00) on shares of Delphi Automotive PLC in a report on Thursday, February 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $84.81.
In other news, SVP Liam Butterworth sold 14,000 shares of the stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $75.95, for a total value of $1,063,300.00. Following the completion of the sale, the senior vice president now owns 92,806 shares in the company, valued at $7,048,615.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Allan J. Brazier sold 4,019 shares of the stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $75.94, for a total transaction of $305,202.86. Following the completion of the sale, the insider now owns 9,658 shares of the company’s stock, valued at approximately $733,428.52. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.
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.
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