Delphi Automotive PLC (DLPH) Lifted to Hold at BidaskClub
Delphi Automotive PLC (NYSE:DLPH) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday, July 5th.
Several other research analysts have also issued reports on DLPH. Jefferies Group LLC increased their price objective on Delphi Automotive PLC from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Zacks Investment Research cut Delphi Automotive PLC from a “buy” rating to a “hold” rating in a report on Friday, May 5th. BMO Capital Markets dropped their price target on Delphi Automotive PLC from $104.00 to $92.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Barclays PLC reaffirmed a “buy” rating on shares of Delphi Automotive PLC in a research report on Friday, May 5th. Finally, KeyCorp cut their price target on Delphi Automotive PLC from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Monday, May 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $90.73.
Shares of Delphi Automotive PLC (DLPH) traded down 0.38% during midday trading on Wednesday, reaching $91.43. 1,957,905 shares of the company traded hands. The company’s 50 day moving average is $86.60 and its 200-day moving average is $78.12. Delphi Automotive PLC has a 12 month low of $60.50 and a 12 month high of $93.43. The stock has a market capitalization of $24.49 billion, a price-to-earnings ratio of 21.26 and a beta of 1.38.
Delphi Automotive PLC (NYSE:DLPH) last announced its earnings results on Wednesday, May 3rd. The auto parts company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.13. Delphi Automotive PLC had a return on equity of 62.09% and a net margin of 6.90%. The firm had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. Equities research analysts forecast that Delphi Automotive PLC will post $6.62 earnings per share for the current fiscal year.
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In related news, SVP David M. Sherbin sold 15,500 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $86.63, for a total value of $1,342,765.00. Following the sale, the senior vice president now directly owns 70,766 shares of the company’s stock, valued at approximately $6,130,458.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sean O. Mahoney sold 1,949 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $87.41, for a total transaction of $170,362.09. Following the transaction, the director now owns 11,767 shares in the company, valued at $1,028,553.47. The disclosure for this sale can be found here. Insiders sold a total of 20,449 shares of company stock valued at $1,770,497 over the last 90 days. 0.32% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in DLPH. Assetmark Inc. increased its stake in Delphi Automotive PLC by 3.1% in the first quarter. Assetmark Inc. now owns 1,520 shares of the auto parts company’s stock worth $122,000 after buying an additional 46 shares during the period. Acadian Asset Management LLC bought a new stake in Delphi Automotive PLC during the first quarter worth about $126,000. Israel Discount Bank of New York GFN acquired a new stake in shares of Delphi Automotive PLC during the fourth quarter valued at $134,000. Jacobi Capital Management LLC increased its stake in shares of Delphi Automotive PLC by 25.5% in the first quarter. Jacobi Capital Management LLC now owns 1,881 shares of the auto parts company’s stock valued at $141,000 after buying an additional 382 shares during the last quarter. Finally, James Investment Research Inc. acquired a new stake in shares of Delphi Automotive PLC during the first quarter valued at $181,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.
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.
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