Insider Trading Buzz: Delphi Automotive PLC (DLPH)

Delphi Automotive PLC (NYSE:DLPH) insider has recently participated in insider trading activity. CLARK KEVIN P, President and CEO carried out a purchase of 17,000 shares at $59.11 each on Feb 11. The transaction amounted to $1,004,887. Director, FRISSORA MARK P sold 24,000 shares for $2,086,333 through one transaction Dec 07. Following this sale, this insider’s stake in the company comprises 6,008 shares, priced at $367929.92 as of Friday. Moreover, SVP& President Packard EEA, Abulaban Majdi sold 16,595 shares for $1,334,114 via one transaction Aug 10. Following the transaction, the insider now owns 148,819 shares in total, priced at $9113675.56 as of Friday. Another notable insider trading was done by the same insider on Aug 07. Abulaban Majdi sold 800            shares at an average price of $80.00 for a total of $64,000.

The stock has experienced a total of 3 insider trades in the past three months. These trades include 2 sell activities and 1 buy trades. Furthermore, over the past 12 months, the stock was traded 67 times by insiders. In 34 of these trades, the insider was a seller while an employee of the company was the buyer in thirty three instances.

Delphi Automotive PLC (NYSE:DLPH) on February 4, 2016 reported fourth quarter 2015 U.S. GAAP earnings from continuing operations of $0.70 per diluted share. Excluding special items, fourth quarter earnings from continuing operations totaled $1.39 per diluted share.

The Company reported fourth quarter 2015 revenue of $3.9 billion, an increase of 3% from the prior year period, reflecting volume growth, partially offset by unfavorable currency impacts. Adjusted for currency exchange, commodity movements, the acquisition of HellermannTyton Group PLC and the divestiture of the Company’s Reception Systems business, revenue increased by 11% in the fourth quarter. This reflects growth of 18% in Asia, 13% in Europe and 7% in North America, partially offset by a decline of 26% in South America.

The Company reported fourth quarter 2015 U.S. GAAP net income from continuing operations of $199 million and earnings from continuing operations of $0.70 per diluted share, compared to $340 million and $1.15 per diluted share in the prior year period. Fourth quarter net income from continuing operations excluding restructuring and other special items (“Adjusted Net Income”), totaled $391 million, or $1.39 per diluted share, which includes the favorable impact of a reduced share count. Adjusted Net Income in the prior year period was $386 million, or $1.30 per diluted share.