Engineers Gate Manager LP Acquires Shares of 8621 Delphi Automotive PLC (NYSE:DLPH)

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Engineers Gate Manager LP acquired a new stake in shares of Delphi Automotive PLC (NYSE:DLPH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,621 shares of the auto parts company’s stock, valued at approximately $756,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Global X Management Co. LLC lifted its position in shares of Delphi Automotive PLC by 9.7% in the 2nd quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock worth $113,000 after buying an additional 114 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Delphi Automotive PLC by 3.1% in the 1st quarter. Assetmark Inc. now owns 1,520 shares of the auto parts company’s stock worth $122,000 after acquiring an additional 46 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Delphi Automotive PLC in the 1st quarter worth about $126,000. Jacobi Capital Management LLC increased its holdings in shares of Delphi Automotive PLC by 25.5% in the 1st quarter. Jacobi Capital Management LLC now owns 1,881 shares of the auto parts company’s stock worth $141,000 after acquiring an additional 382 shares during the period. Finally, Huntington National Bank increased its holdings in shares of Delphi Automotive PLC by 4.7% in the 2nd quarter. Huntington National Bank now owns 1,642 shares of the auto parts company’s stock worth $144,000 after acquiring an additional 74 shares during the period. Hedge funds and other institutional investors own 90.09% of the company’s stock.

Delphi Automotive PLC (NYSE:DLPH) opened at 98.40 on Friday. The firm has a 50 day moving average of $94.96 and a 200 day moving average of $86.83. The firm 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 one year low of $60.50 and a one year high of $102.95.

Delphi Automotive PLC (NYSE:DLPH) last posted its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.06. The firm had revenue of $4.32 billion for 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%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.59 EPS. Equities analysts forecast that Delphi Automotive PLC will post $6.69 EPS for the current year.

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

A number of analysts recently weighed in on the stock. Robert W. Baird reaffirmed an “outperform” rating and issued a $128.00 price objective (up previously from $110.00) on shares of Delphi Automotive PLC in a report on Thursday. They noted that the move was a valuation call. Wells Fargo & Company increased their price objective on shares of Delphi Automotive PLC from $105.00 to $109.00 and gave the stock an “outperform” rating in a report on Friday. Piper Jaffray Companies set a $112.00 price objective on shares of Delphi Automotive PLC and gave the stock a “buy” rating in a report on Friday, August 11th. Deutsche Bank AG increased their price objective on shares of Delphi Automotive PLC from $99.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, UBS AG reaffirmed a “buy” rating and issued a $102.00 price objective on shares of Delphi Automotive PLC in a report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus 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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