Joseph R. Massaro Sells 3,000 Shares of Delphi Automotive PLC (DLPH) Stock
Delphi Automotive PLC (NYSE:DLPH) CFO Joseph R. Massaro sold 3,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $85.79, for a total value of $257,370.00. Following the sale, the chief financial officer now directly 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 the SEC website.
Shares of Delphi Automotive PLC (NYSE:DLPH) traded up 0.69% during trading on Monday, reaching $86.62. The company had a trading volume of 104,224 shares. The company has a market capitalization of $23.20 billion, a PE ratio of 20.18 and a beta of 1.26. Delphi Automotive PLC has a 52 week low of $58.04 and a 52 week high of $90.05. The stock’s 50-day moving average price is $86.61 and its 200-day moving average price is $77.35.
Delphi Automotive PLC (NYSE:DLPH) last issued its earnings results on Wednesday, May 3rd. The auto parts company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.13. The business had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Delphi Automotive PLC had a return on equity of 62.09% and a net margin of 6.90%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 EPS. On average, equities analysts expect that Delphi Automotive PLC will post $6.62 EPS for the current fiscal year.
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DLPH has been the subject of several recent research reports. Deutsche Bank AG boosted their price target on Delphi Automotive PLC from $88.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, March 22nd. Wells Fargo & Company reissued a “positive” rating and set a $95.00 price target (up previously from $82.00) on shares of Delphi Automotive PLC in a report on Monday, March 20th. They noted that the move was a valuation call. Zacks Investment Research lowered Delphi Automotive PLC from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Barclays PLC boosted their price target on Delphi Automotive PLC from $87.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, March 15th. Finally, Evercore ISI boosted their price target on Delphi Automotive PLC from $86.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, March 13th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $90.77.
Several hedge funds and other institutional investors have recently modified their holdings of DLPH. Fox Run Management L.L.C. bought a new position in shares of Delphi Automotive PLC during the first quarter valued at $209,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Delphi Automotive PLC during the fourth quarter valued at $15,258,000. Amica Retiree Medical Trust boosted its position in shares of Delphi Automotive PLC by 58.7% in the first quarter. Amica Retiree Medical Trust now owns 2,880 shares of the auto parts company’s stock valued at $232,000 after buying an additional 1,065 shares in the last quarter. Advantus Capital Management Inc boosted its position in shares of Delphi Automotive PLC by 1.0% in the first quarter. Advantus Capital Management Inc now owns 27,059 shares of the auto parts company’s stock valued at $2,178,000 after buying an additional 268 shares in the last quarter. Finally, Usca Ria LLC bought a new position in shares of Delphi Automotive PLC during the first quarter valued at $322,000. Institutional investors and hedge funds own 93.59% of the company’s stock.
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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