Delphi Automotive PLC (DLPH) Stake Held by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan held its position in Delphi Automotive PLC (NYSE:DLPH) during the second quarter, Holdings Channel reports. The fund owned 13,570 shares of the auto parts company’s stock at the end of the second quarter. Municipal Employees Retirement System of Michigan’s holdings in Delphi Automotive PLC were worth $1,189,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DLPH. Nationwide Fund Advisors boosted its position in Delphi Automotive PLC by 1.0% in the first quarter. Nationwide Fund Advisors now owns 355,438 shares of the auto parts company’s stock valued at $28,609,000 after buying an additional 3,620 shares in the last quarter. Westwood Management Corp IL boosted its position in Delphi Automotive PLC by 144.2% in the first quarter. Westwood Management Corp IL now owns 298,370 shares of the auto parts company’s stock valued at $24,016,000 after buying an additional 176,170 shares in the last quarter. James Investment Research Inc. bought a new position in Delphi Automotive PLC during the first quarter valued at $181,000. Douglas Lane & Associates LLC boosted its position in Delphi Automotive PLC by 1.9% in the first quarter. Douglas Lane & Associates LLC now owns 910,853 shares of the auto parts company’s stock valued at $73,315,000 after buying an additional 17,144 shares in the last quarter. Finally, Hartford Investment Management Co. boosted its position in Delphi Automotive PLC by 12.1% in the first quarter. Hartford Investment Management Co. now owns 75,830 shares of the auto parts company’s stock valued at $6,104,000 after buying an additional 8,173 shares in the last quarter. 92.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Delphi Automotive PLC (DLPH) opened at 92.80 on Thursday. The company’s 50 day moving average is $89.37 and its 200 day moving average is $81.90. Delphi Automotive PLC has a 52-week low of $60.50 and a 52-week high of $94.21. The firm has a market cap of $24.82 billion, a price-to-earnings ratio of 19.64 and a beta of 1.37.

Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.06. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.20 billion. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. Delphi Automotive PLC’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 EPS. Analysts anticipate that Delphi Automotive PLC will post $6.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Monday, August 7th. Delphi Automotive PLC’s dividend payout ratio (DPR) is presently 24.58%.

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Several research analysts have weighed in on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $107.00 price target (up from $99.00) on shares of Delphi Automotive PLC in a report on Wednesday. BMO Capital Markets increased their price target on shares of Delphi Automotive PLC from $104.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, August 4th. BidaskClub cut shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 price target on shares of Delphi Automotive PLC in a report on Friday, July 7th. Finally, Zacks Investment Research cut shares of Delphi Automotive PLC from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Three analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $92.82.

In related news, CFO Joseph R. Massaro sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $85.79, for a total transaction of $257,370.00. Following the sale, the chief financial officer now owns 55,779 shares of the company’s stock, valued at approximately $4,785,280.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David M. Sherbin sold 15,500 shares of the company’s 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 sale, the senior vice president now directly owns 70,766 shares in the company, valued at approximately $6,130,458.58. The disclosure for this sale can be found here. Insiders have sold a total of 20,449 shares of company stock worth $1,770,497 in the last ninety days. 0.32% of the stock is currently owned by 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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Institutional Ownership by Quarter for Delphi Automotive PLC (NYSE:DLPH)

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