Delphi Automotive PLC (NYSE:DLPH) Shares Bought by BlackRock Inc.

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BlackRock Inc. raised its holdings in shares of Delphi Automotive PLC (NYSE:DLPH) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,315,076 shares of the auto parts company’s stock after acquiring an additional 422,074 shares during the quarter. BlackRock Inc. owned approximately 6.48% of Delphi Automotive PLC worth $1,517,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Delphi Automotive PLC by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 21,456,887 shares of the auto parts company’s stock valued at $1,727,065,000 after purchasing an additional 667,244 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Delphi Automotive PLC by 3.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 16,841,567 shares of the auto parts company’s stock valued at $1,355,577,000 after purchasing an additional 552,921 shares during the period. Longview Partners Guernsey LTD raised its position in shares of Delphi Automotive PLC by 3.2% during the 2nd quarter. Longview Partners Guernsey LTD now owns 9,772,666 shares of the auto parts company’s stock valued at $856,574,000 after purchasing an additional 300,071 shares during the period. Bank of New York Mellon Corp raised its position in shares of Delphi Automotive PLC by 9.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,276,189 shares of the auto parts company’s stock valued at $287,158,000 after purchasing an additional 269,901 shares during the period. Finally, Artisan Partners Limited Partnership raised its position in shares of Delphi Automotive PLC by 2.4% during the 1st quarter. Artisan Partners Limited Partnership now owns 3,087,017 shares of the auto parts company’s stock valued at $248,474,000 after purchasing an additional 72,845 shares during the period. Institutional investors and hedge funds own 90.09% of the company’s stock.

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In other news, Director Thomas W. Sidlik sold 8,475 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $103.19, for a total transaction of $874,535.25. Following the completion of the transaction, the director now directly owns 10,564 shares in the company, valued at approximately $1,090,099.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Vos Glen W. De sold 2,100 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $91.35, for a total value of $191,835.00. Following the transaction, the senior vice president now owns 22,994 shares of the company’s stock, valued at $2,100,501.90. The disclosure for this sale can be found here. 0.32% of the stock is owned by corporate insiders.

Delphi Automotive PLC (NYSE DLPH) opened at 98.40 on Friday. The stock has a market capitalization of $26.26 billion, a PE ratio of 20.83 and a beta of 1.35. Delphi Automotive PLC has a 1-year low of $60.50 and a 1-year high of $102.95. The company’s 50 day moving average is $94.96 and its 200-day moving average is $86.83.

Delphi Automotive PLC (NYSE:DLPH) last released its quarterly 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 firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. Delphi Automotive PLC’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.59 EPS. Analysts forecast that Delphi Automotive PLC will post $6.69 earnings per share for the current fiscal year.

Several analysts have recently commented on DLPH shares. KeyCorp restated a “buy” rating and set a $100.00 price objective on shares of Delphi Automotive PLC in a research report on Sunday, September 17th. Morgan Stanley decreased their price objective on shares of Delphi Automotive PLC from $80.00 to $78.00 and set an “underweight” rating on the stock in a research report on Friday, June 9th. Deutsche Bank AG reiterated 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, August 9th. BidaskClub upgraded shares of Delphi Automotive PLC from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Finally, Bank of America Corporation lifted their price target on shares of Delphi Automotive PLC from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $99.60.

Delphi Automotive PLC Company Profile

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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