Delphi Technologies PLC
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Analyzing the Consumer Sector’s Underperformers Last Week
Kraft Heinz (KHC) fell 7.5% last week after a few brokerage firms reduced the stock’s target price. RBC cut the target price to $73 from $74.
More Consumer Sector Earnings Released Last Week
Home Depot (HD) announced its fiscal 4Q17 results on February 20. Home Depot’s revenue increased 7.5% YoY (year-over-year) to $23.8 billion.
AQR Capital Initiates Stake in Delphi Automotive
AQR Capital commenced a position in Delphi Automotive (DLPH). DLPH stock represented 0.32% of the fund’s 4Q14 portfolio.
Delphi Automotive Announced Plan to Split into 2 Companies
Delphi Automotive was the S&P 500’s second-biggest loser on September 27, 2017. Delphi Automotive fell 4.2% to $98.78—the lowest close in two weeks.
Where Cypress Stands Now in Body Electronics
Cypress Semiconductor (CY) expects the body electronics market to grow at a CAGR of 8.5% between 2016 and 2021.
What Is NXP Semiconductors’s Product Roadmap for Automotive?
At CES 2017, NXP Semiconductors (NXPI) demonstrated its RoadLINK platform it developed in collaboration with Delphi (DLPH) and Savari.
Harman International’s 2Q17 Results and Quarterly Dividend
Harman International reported fiscal 2Q17 net sales of $1.95 billion—a rise of 9.9% compared to net sales of $1.77 billion in fiscal 2Q16.
Delphi Automotive Declared a Dividend of $0.29 per Share
Delphi Automotive declared a quarterly cash dividend of $0.29 per share on its common stock. The dividend will be paid on February 15, 2017.
What’s the Latest News on Pinnacle Foods?
Pinnacle Foods (PF) reported fiscal 3Q16 net sales of $758.8 million, a rise of 19.3% compared to net sales of $636.3 million in fiscal 3Q15.
Delphi Automotive Announces New Addition to Its Management Team
Price movement Delphi Automotive (DLPH) has a market cap of $19.3 billion. It fell 0.83% to close at $70.07 per share on January 23, 2017. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -2.2%, 4.2%, and 4.0%, respectively, on the same day. DLPH is trading 0.87% above its 20-day moving average, 2.8% […]
Jefferies Downgrades Autoliv to ‘Hold’
Autoliv (ALV) has a market cap of $10.0 billion. It fell 0.55% to close at $113.03 per share on January 19, 2017.
Intel Go Shows How Serious Intel Is about Autonomous Cars
Intel has created a brand for autonomous cars named “Intel Go.”
Raymond James Upgrades Visteon Corporation to ‘Outperform’
VC fell 2.1% to close at $87.19 per share on January 12. Its weekly, monthly, and YTD price movements were 3.9%, 3.9%, and 8.5%, respectively.
Visteon Announces Share Repurchase Program
Visteon rose 5.9% to close at $86.53 per share on January 10, 2017. The stock’s weekly, monthly, and YTD price movements were 6.9%, 2.8%, and 7.7%.
CLSA Gives Autoliv a ‘Sell’ Rating
Autoliv (ALV) reported 3Q16 net sales of $2.5 billion, a rise of 13.6% compared to $2.2 billion in 3Q15.
What’s the Latest News on Apple?
Apple (AAPL) reported fiscal 4Q16 net sales of $46.9 billion, which represents a YoY (year-over-year) fall of 8.9% from its net sales of $51.5 billion in fiscal 4Q15.
BMO Capital Rated Delphi Automotive as ‘Outperform’
Delphi Automotive (DLPH) reported net sales of $4.1 billion in 3Q16, a rise of 13.9% compared to its net sales of $3.6 billion in 3Q15.
What’s the Latest News on Autoliv?
Autoliv (ALV) rose 2.5% to close at $111.46 per share during the third week of December 2016.
Wells Fargo Downgrades Harman International to ‘Market Perform’
Harman International Industries (HAR) has a market cap of $7.7 billion. It fell 0.24% to close at $109.74 per share on December 9, 2016.
Jefferies Rated Delphi Automotive as a ‘Buy’
On November 30, 2016, Jefferies initiated its coverage of Delphi Automotive with a “buy” rating and set the stock’s price target at $80.00 per share.
Philip Morris Launches Cigarette Alternative iQOS in the UK
Philip Morris (PM) reported 3Q16 net revenues of $19.9 billion, a rise of 2.6% over its 3Q15 net revenues of $19.4 billion.
Goldman Sachs Upgraded Autoliv to ‘Neutral’
Autoliv (ALV) has a market cap of $8.9 billion. It fell 1.1% and closed at $100.65 per share on November 23, 2016.
Berenberg Rated Delphi Automotive as a ‘Hold’
Delphi Automotive (DLPH) has a market cap of $18.1 billion. It fell 2.5% to close at $66.98 per share on November 22, 2016.
Why Did Takata Select Autoliv and Key Safety Systems?
Autoliv (ALV) has a market cap of $8.8 billion. It rose 1.4% to close at $99.11 per share on November 21, 2016.
Lear Corporation Declares Dividend of $0.30 Per Share
Lear rose 0.29% to close at $126.54 per share on November 17. The stock’s weekly, monthly, and YTD price movements were 6.1%, 9.3%, and 3.9%, respectively.
Goldman Sachs and Barclays Downgrade Harman International
Harman International Industries (HAR) has a market cap of $7.8 billion. It fell 0.21% to close at $109.49 per share on November 15, 2016.
Why Did Harman International Rise ~25% on November 14?
Harman International (HAR) reported fiscal 1Q17 net sales of ~$1.8 billion, a rise of 7.9% compared to net sales of ~$1.6 billion in fiscal 1Q16.
Bank of America Merrill Lynch Downgraded Delphi to ‘Underperform’
Delphi Automotive (DLPH) fell 1.9% to close at $65.23 per share during the second week of November 2016.
Autoliv Declares Dividend of $0.58 per Share
Autoliv reported 3Q16 net sales of $2.5 billion, a rise of 13.6% compared with $2.2 billion in 3Q15.
Robert W. Baird Downgrades Autoliv to ‘Neutral’
Price movement Autoliv (ALV) has a market cap of $8.5 billion. It fell 1.1% to close at $96.32 per share on October 28, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -3.1%, -7.5%, and -21.6%, respectively, on the same day. ALV is trading 5.9% below its 20-day moving average, 7.9% below […]
RBC Capital Downgrades Lear to ‘Sector Perform’
Price movement Lear (LEA) has a market cap of $8.4 billion. It fell 0.28% to close at $116.06 per share on October 14, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -4.1%, -0.76%, and -4.7%, respectively, on the same day. LEA is trading 3.0% below its 20-day moving average, 0.54% below […]
Baird Rated Lear Corporation as ‘Neutral’
Lear Corporation (LEA) reported 2Q16 net sales of $4.7 billion, a rise of 2.2% from its net sales of $4.6 billion in 2Q15.
Goldman Sachs Downgrades Lear to a ‘Sell’
Lear (LEA) has a market cap of $8.9 billion. It fell 2.2% to close at $121.79 per share on October 6, 2016.
Moody’s Upgrades Lear Corporation’s Notes, Provides Stable Outlook
Lear Corporation (LEA) has a market cap of $8.9 billion. It rose 1.8% to close at $120.71 per share on September 22, 2016.
Nomi Bergman Joins Visteon’s Board of Directors
Visteon (VC) rose 2.0% to close at $71.80 per share during the second week of September 2016.
Why Did Delphi Automotive Issue Senior Notes Due in 2046?
Delphi Automotive (DLPH) has a market cap of $19.6 billion. It rose 0.98% and closed at $69.11 per share on September 15, 2016.
Lear Partners With Tempronics
Lear (LEA) has a market cap of $8.5 billion. It fell by 1.2% to close at $115.58 per share on September 8, 2016.
Harman International Announces New Plan with Brightstar
Harman International (HAR) has a market cap of $6.1 billion. It fell by 0.47% to close at $85.59 per share on September 6, 2016.
Autoliv Announces Joint Venture with Volvo Cars
Autoliv (ALV) has a market cap of $9.4 billion. It rose by 0.92% to close at $106.74 per share on September 6, 2016.
These Tech Companies Are Trying to Change the Auto Industry
Autonomous vehicles could not only revolutionize the auto industry as we know it but also change the way we commute.
Delphi Automotive Issues Senior Notes Due 2028
Delphi Automotive (DLPH) has a market cap of $19.3 billion. It rose by 0.36% to close at $70.66 per share on August 31, 2016.
Mattel’s American Girl Brand Partners with Toys”R”Us
Mattel (MAT) has a market cap of $11.3 billion. It fell by 1.3% to close at $33.13 per share on August 31, 2016.
What’s the Sector Composition of the FNGAX?
The Franklin International Growth Fund invests “in the equity securities of mid- and large-capitalization companies outside the U.S. with long-term growth potential.”
Lear Names André Weimerskirch Vice President of Cyber Security
Lear (LEA) has a market cap of $8.5 billion. It fell by 0.09% to close at $115.70 per share on August 24, 2016.
Why Did Delphi Automotive Partner with Mobileye?
Delphi Automotive (DLPH) has a market cap of $18.5 billion. It rose by 4.3% and closed at $67.86 per share on August 23, 2016.
Analyzing Lear’s New Agreement to Support Growth in China
Lear entered into an investment agreement to construct a state-of-the-art premium leather processing plant in Yangzhou, China.
Visteon Appoints Christian A. Garcia as Executive Vice President
Visteon (VC) has a market cap of $2.4 billion. It fell by 0.55% to close at $70.61 per share on August 16, 2016.
Autoliv Declared Dividend of $0.58 Per Share
Autoliv fell by 0.07% and closed at $106.91 per share on August 15. Its weekly, monthly, and YTD price movements were 0.34%, -2.7%, and -13.4%.
Lear Corporation Declared Dividend of $0.30 per Share
Lear Corporation (LEA) reported fiscal 2Q16 net sales of $4.7 billion, a rise of 2.2% compared to net sales of $4.6 billion in fiscal 2Q15.
Robert W. Baird Downgrades Harman International to ‘Neutral’
Harman International Industries (HAR) has a market cap of $6.3 billion. It fell by 0.71% to close at $86.92 per share on August 5, 2016.
How Did Delphi Automotive Perform in 2Q16?
Delphi Automotive (DLPH) has a market cap of $17.5 billion. It fell by 1.9% to close at $64.05 per share on August 3, 2016.
Which Stocks Were the Outliers in the Consumer Space on August 3?
On August 3, 2016, the S&P 500 slightly outperformed the S&P Consumer Discretionary and the S&P Consumer Staples.
How Did Visteon’s 2Q16 Earnings Turn Out?
Visteon (VC) rose by 3.1% to close at $70.09 per share during the fourth week of July 2016.
Delphi Automotive Declares Dividend of $0.29 Per Share
Delphi Automotive (DLPH) has a market cap of $18.6 billion. It fell by 2.3% to close at $67.67 per share on July 28, 2016.
How Did Lear’s 2Q16 Earnings Turn Out?
Lear (LEA) has a market cap of $8.2 billion. It fell by 5.5% to close at $110.06 per share on July 28, 2016.
Pacific Crest Downgrades Harman International to ‘Sector Weight’
Harman International Industries (HAR) has a market cap of $5.6 billion.
How Did Autoliv Perform in 2Q16?
Autoliv (ALV) has a market cap of $9.3 billion. It fell by 8.5% to close at $104.23 per share on July 22, 2016.
Deutsche Bank Rates Harman International a ‘Buy’
Harman International Industries (HAR) has a market cap of $5.7 billion. It rose by 3.7% to close at $80.89 per share on July 20, 2016.
Autoliv Refinances Its Revolving Credit Facility
Autoliv (ALV) rose by 2.4% to close at $109.83 per share during the second week of July 2016.
Visteon Acquires AllGo Embedded Systems
Visteon (VC) has a market cap of $2.5 billion. It rose by 0.59% to close at $66.23 per share on July 11, 2016.
Delphi Automotive Plans to Launch a New Plant in Morocco
Delphi Automotive (DLPH) has a market cap of $16.7 billion. Its stock fell by 5.4% to close at $60.19 per share on July 5, 2016.
Why Did Autoliv Fall ~1.5% on June 29?
Autoliv (ALV) has a market cap of $9.6 billion. Its stock fell by 1.5% to close at $108.47 per share on June 29, 2016.
Northcoast Research Rated Harman International as a ‘Buy’
Harman International Industries (HAR) has a market cap of $5.5 billion. It fell by 0.76% to close at $74.84 per share on June 14, 2016.
Piper Jaffray Rated Delphi Automotive as ‘Overweight’
Delphi Automotive (DLPH) has a market cap of $18.4 billion. It fell by 2.3% to close at $67.33 per share on June 10, 2016.
Piper Jaffray Rated Autoliv as ‘Neutral’
Autoliv (ALV) reported fiscal 1Q16 net sales of $2.4 billion—a rise of 11.8% compared to $2.2 billion in fiscal 1Q15.
Can Strong Automotive Demand Support Aluminum Demand in 2016?
Rusal expects global aluminum demand to increase in 2016. It expects half of this incremental demand to come from the automotive sector.
Lear Corporation Declared a Dividend of $0.30 per Share
Lear Corporation fell by 1.8% and closed at $111.80 per share on May 19. It declared a quarterly cash dividend of $0.30 per share on its common stock.
Autoliv Declared a Quarterly Dividend of $0.58 per Share
Autoliv (ALV) fell by 2.0% and closed at $122.79 per share at the end of the second week of May 2016. It reported fiscal 1Q16 net sales of $2.4 billion.
Icahn’s Automotive Segment: Biggest Revenue Contributor in 1Q16
In 1Q16, Icahn Enterprises’ (IEP) automotive segment was the largest contributor to the company’s overall revenue.
Icahn’s Automotive Segment: Acquisitions Led Growth
Icahn’s automotive segment includes Federal-Mogul and IEH Auto Parts. FDML is a global supplier of a broad range of components, accessories, and systems.
Overview of the Alger Spectra Fund
The Alger Spectra Fund invests in growth companies and was founded in July 1969. It has an expense ratio of 1.34%.
UBS Upgrades Delphi Automotive to a ‘Buy’
Delphi Automotive (DLPH) has a market cap of $19.6 billion. DLPH rose by 1.3% to close at $70.98 per share as of March 15, 2016.
Company & Industry Overviews Why Franklin International Growth Fund’s Performance Was a Mixed Bag
From a purely NAV (net asset value) return standpoint, FNGAX emerged as an average performer for the one-year period until February 29, 2016.
Company & Industry Overviews CIGRX Had a Mediocre Year until February
From a purely NAV (net asset value) return standpoint, the CIGRX had a poor one-year period until February 29, 2016.
Brett Pynnonen: Visteon’s New Vice President and General Counsel
Visteon has a market cap of $2.9 billion. It rose by 5.0%. It closed at $74.32 per share as of March 9. It reported fiscal 4Q15 sales of $809.0 million.
Company & Industry Overviews The MainStay Large Cap Growth Fund: How’s 2016 Looking?
The MainStay Large Cap Growth Fund – Investor Class (MLINX) had $15.5 billion worth of assets under management at the end of January 2016.
Moody’s Rated Lear Outlook to Positive with Ba1 Rating to Its Debt
Lear Corporation (LEA) has a market cap of $7.8 billion. LEA fell by 1.4% to close at $104.89 per share as of February 18, 2016.
Delphi Automotive Increased Its Annual Dividend Rate
Delphi Automotive has a market cap of $21.0 billion. It fell by 1.2% to close at $74.95 per share as of January 12, 2016, from the current market conditions.
Barclays Rates Delphi Automotive Stock as ‘Overweight’
Delphi Automotive has a market cap of $21.0 billion. It fell by 5.6% to close at $75.04 per share as of January 7, 2016, from the current market conditions.
Analyzing Outliers in the Consumer Space
The Consumer Staples Select Sector SPDR ETF (XLP) tracks a market cap–weighted index of consumer staples stocks drawn from the S&P 500.
Pearson’s Woes Bring down the EWU ETF on October 21
Stocks at the bottom of the iShares MSCI United Kingdom (EWU) on October 21 included Pearson (PSO), Weir Group (WEIR), and Anglo American (AAL).
How General Motors’ Balance Sheet Looks Going into 4Q15
General Motors has negative net debt, which means that the cash on its balance sheet is more than its outstanding debt obligations.
Falling Commodity Prices Can Be a Tailwind for Automakers
Falling commodity prices are a possible tailwind for automobile manufacturers. Copper and aluminum are two key commodities that go into making a vehicle, and both are trading near their six-year lows.
Chinese Copper Demand Indicators Continue to Drift Lower
The slowdown in China’s car demand would lead to lower copper demand there. China’s passenger car sales fell 3.39% year-over-year in August.
Understanding Tesla Motors’s Product Portfolio
Tesla plans to expand its product portfolio to include the Model-X, which is expected to hit the roads sometime later this year.
What Is the Strategic Importance of Tesla’s Gigafactory?
By 2020, the Tesla Gigafactory will reach full capacity and produce more lithium ion batteries annually than were produced worldwide in 2013.
What’s Tesla Doing to Counter Range Anxiety?
Tesla has addressed buyers’ range anxiety by offering a driving range in excess of 250 miles, more than twice the range offered by the nearest competitor.
Alcoa to Benefit as Europe’s Automobile Sales Move in Top Gear
Europe’s vehicle sales are closely analyzed by aluminum investors. European auto manufacturers are among the earliest adopters of aluminum body vehicles.
Why the Drop in China’s Car Sales Could Affect ArcelorMittal
In June, China’s car sales fell 3.2% compared to last year. This is the first yearly decline in China’s passenger car sales since February 2013.
Why the F-150 Could Mean Higher Profit Margins for Ford
The Ford F-150 pickup truck Previously in this series, we discussed how reducing fleet sales could have a positive impact on automakers’ profit margins. Meanwhile, another factor that bodes well for automakers is the recent correction in commodity prices. Prices for steel, copper, and aluminum have corrected steeply in the last couple of months. This trend should also reduce […]
Icahn Associates Raises Stake in Federal-Mogul Holdings
Icahn Associates boosted its position in Federal-Mogul Holdings in March. It disclosed 138,590,141 shares through an amended 13D filing.
Allison Transmission Gets a 79% Boost in TPG-Axon’s 4Q Portfolio
TPG-Axon boosted its holdings in Allison Transmission Holdings (ALSN) in 4Q14, increasing the number of shares a whopping 79%.
TE Connectivity Is a New Addition to AQR Capital’s Portfolio
According to its 13F filing, AQR Capital initiated a position in TE Connectivity (TEL) in 4Q14. TEL stock represented 0.39% of the fund’s 4Q14 portfolio.
What’s in store for Lear and the automotive supplier industry?
Automotive production volumes have increased at a CAGR (compound annual growth rate) of 4% over the past five-year period and have reached 85.6 million units.
Singer’s Elliott Management sells its Delphi Automotive shares
Elliott Management trimmed its position in Delphi Automotive PLC (DLPH) in 1Q 2014. The position accounted for 6.66% of the fund’s 4Q 2013 portfolio and currently stands at 0.36% of the 1Q 2014 portfolio.
Singer’s Elliott Management sells its large position in NetApp
Elliott Management disposed of a large position in NetApp Inc. (NTAP) last quarter. The position accounted for 10.03% of the fund’s 4Q 2013 portfolio.
Elliott Management buys a new stake in Hornbeck Offshore Services
Elliott Management took a new position in Hornbeck Offshore Services (HOS) last quarter. The position accounts for 0.58% of the fund’s $5.05 billion portfolio.
Paul Singer’s Elliott Management adds a new position in SM Energy
Elliott Management took a new position in SM Energy Co. (SM) last quarter. The position accounts for 0.67% of the fund’s $5.05 billion portfolio.
Paul Singer’s Elliott Management buys a new stake in Boyd Gaming
Elliott took a new position in Boyd Gaming Corp. (BYD) last quarter. The position accounts for 1.41% of the fund’s $5.05 billion portfolio.
Tech & Comm Services Elliott hedge fund opens new positions in RVBD, ADSK, NWS, NVDA, Sold DLPH, NTAP – 13F Flash (B)
In this six-part series, we will go through each one of the positions Elliott traded this past quarter. Elliott Management is a New York based $20 billion+ event driven and distressed hedge fund run by the legendary Paul Singer. The fund is secretive in its approach, but sources attribute a 15% annual net return to […]