Delphi Technologies PLC

On May 4, 2016, the S&P Consumer Staples slightly outperformed the S&P 500 and the S&P Consumer Discretionary as a whole.

On July 28, 2016, the S&P Consumer Staples slightly outperformed the S&P Consumer Discretionary and the S&P 500 with returns of 0.48%, 0.23%, and 0.16%, respectively.

In 2Q16 Icahn Enterprises’ Automotive segment was the largest contributor to overall revenue, fetching 60% of the total, with an EBITDA margin of 8.8%.

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 […]

Competitors have outperformed Lear based on PE and PS. However, Lear is way ahead of its peers based on PBV. Lear is way ahead of its ETFs based on price movement.

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%.

Delphi Automotive (DLPH) fell 1.9% to close at $65.23 per share during the second week of November 2016.

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.

Fiat Chrysler (FCAU) rose by 4.6% on October 8 after the company confirmed its tentative contract agreement with the United Auto Workers Union.

Stocks at the bottom of the iShares MSCI United Kingdom (EWU) on October 21 included Pearson (PSO), Weir Group (WEIR), and Anglo American (AAL).

Autoliv (ALV) rose 2.5% to close at $111.46 per share during the third week of December 2016.

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.

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.

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.

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.

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.

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.

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.

AQR Capital commenced a position in Delphi Automotive (DLPH). DLPH stock represented 0.32% of the fund’s 4Q14 portfolio.

Elliott Management sold its position in Time Warner Inc. (TWX) in 1Q 2014. The position accounted for 1.17% of the fund’s 4Q 2013 portfolio and was initiated in the same quarter.

The Calamos International Growth Fund – Class A (CIGRX) seems to be cautious about its portfolio positioning for now.

Visteon has a market cap of $4.6 billion. After the 3Q15 earnings report, Visteon rose by 4.2% to close at $113.8 per share as of November 5, 2015.

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.

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.

Cypress Semiconductor (CY) expects the body electronics market to grow at a CAGR of 8.5% between 2016 and 2021.

At CES 2017, NXP Semiconductors (NXPI) demonstrated its RoadLINK platform it developed in collaboration with Delphi (DLPH) and Savari.

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 quarterly cash dividend of $0.29 per share on its common stock. The dividend will be paid on February 15, 2017.

Intel has created a brand for autonomous cars named “Intel Go.”

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% […]

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.

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.

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 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%.

Autoliv (ALV) reported 3Q16 net sales of $2.5 billion, a rise of 13.6% compared to $2.2 billion in 3Q15.

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.

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.

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.

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 (PM) reported 3Q16 net revenues of $19.9 billion, a rise of 2.6% over its 3Q15 net revenues of $19.4 billion.

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.

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.

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 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.

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.

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.

Autoliv reported 3Q16 net sales of $2.5 billion, a rise of 13.6% compared with $2.2 billion in 3Q15.

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 […]

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 […]

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.

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.

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.

Visteon (VC) rose 2.0% to close at $71.80 per share during the second week of September 2016.

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 (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.

Autonomous vehicles could not only revolutionize the auto industry as we know it but also change the way we commute.

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 (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.

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 (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.

Lear entered into an investment agreement to construct a state-of-the-art premium leather processing plant in Yangzhou, China.

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.

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.

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.

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.

On August 3, 2016, the S&P 500 slightly outperformed the S&P Consumer Discretionary and the S&P Consumer Staples.

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.

Visteon (VC) rose by 3.1% to close at $70.09 per share during the fourth week of July 2016.

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.

Harman International Industries (HAR) has a market cap of $5.6 billion.

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 (ALV) rose by 2.4% to close at $109.83 per share during the second week of July 2016.

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 (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.

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.

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.

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.

Autoliv (ALV) reported fiscal 1Q16 net sales of $2.4 billion—a rise of 11.8% compared to $2.2 billion in fiscal 1Q15.

Rusal expects global aluminum demand to increase in 2016. It expects half of this incremental demand to come from the automotive sector.

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.

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.

In 1Q16, Icahn Enterprises’ (IEP) automotive segment was the largest contributor to the company’s overall revenue.

The Alger Spectra Fund invests in growth companies and was founded in July 1969. It has an expense ratio of 1.34%.

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.

From a purely NAV (net asset value) return standpoint, the CIGRX had a poor one-year period until February 29, 2016.

From a purely NAV (net asset value) return standpoint, FNGAX emerged as an average performer for the one-year period until February 29, 2016.

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.

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.

The MainStay Large Cap Growth Fund – Investor Class (MLINX) had $15.5 billion worth of assets under management at the end of January 2016.

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.

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.

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 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.

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.

Tesla plans to expand its product portfolio to include the Model-X, which is expected to hit the roads sometime later this year.

By 2020, the Tesla Gigafactory will reach full capacity and produce more lithium ion batteries annually than were produced worldwide in 2013.

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.

Europe’s vehicle sales are closely analyzed by aluminum investors. European auto manufacturers are among the earliest adopters of aluminum body vehicles.

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.

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 […]