Cambridge Investment Research Advisors Inc. Acquires New Position in Delphi Automotive PLC (DLPH)

Cambridge Investment Research Advisors Inc. acquired a new position in shares of Delphi Automotive PLC (NYSE:DLPH) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 17,183 shares of the auto parts company’s stock, valued at approximately $1,383,000.

Several other large investors have also modified their holdings of DLPH. Bayesian Capital Management LP acquired a new stake in shares of Delphi Automotive PLC during the fourth quarter worth about $471,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Delphi Automotive PLC during the fourth quarter worth about $536,000. Asset Management One Co. Ltd. increased its stake in shares of Delphi Automotive PLC by 4.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 34,777 shares of the auto parts company’s stock worth $2,342,000 after buying an additional 1,467 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Delphi Automotive PLC by 188.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 12,100 shares of the auto parts company’s stock worth $815,000 after buying an additional 7,900 shares during the last quarter. Finally, Elkfork Partners LLC acquired a new stake in shares of Delphi Automotive PLC during the fourth quarter worth about $594,000. 93.82% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Delphi Automotive PLC (DLPH) traded down 1.61% during mid-day trading on Tuesday, reaching $85.11. 688,380 shares of the company’s stock traded hands. The company has a market cap of $22.80 billion, a P/E ratio of 19.83 and a beta of 1.26. Delphi Automotive PLC has a 12-month low of $58.04 and a 12-month high of $90.05. The company’s 50 day moving average is $86.49 and its 200 day moving average is $77.20.

Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings results on Wednesday, May 3rd. The auto parts company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.13. Delphi Automotive PLC had a net margin of 6.90% and a return on equity of 62.09%. The company had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the business earned $1.36 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. On average, analysts predict that Delphi Automotive PLC will post $6.62 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th were given a $0.29 dividend. The ex-dividend date was Monday, May 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.34%. Delphi Automotive PLC’s dividend payout ratio (DPR) is 27.10%.

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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Jefferies Group LLC boosted their price objective on shares of Delphi Automotive PLC from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, May 5th. BMO Capital Markets cut their price objective on shares of Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating for the company in a research report on Friday, May 5th. Barclays PLC reissued a “buy” rating on shares of Delphi Automotive PLC in a research report on Friday, May 5th. Finally, KeyCorp cut their price objective on shares of Delphi Automotive PLC from $100.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, May 8th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $90.04.

In other news, SVP David M. Sherbin sold 15,500 shares of Delphi Automotive PLC stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $86.63, for a total value of $1,342,765.00. Following the sale, the senior vice president now owns 70,766 shares in the company, valued at $6,130,458.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sean O. Mahoney sold 1,949 shares of Delphi Automotive PLC stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $87.41, for a total transaction of $170,362.09. Following the completion of the sale, the director now owns 11,767 shares in the company, valued at approximately $1,028,553.47. The disclosure for this sale can be found here. 0.32% of the stock is 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DLPH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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