Delphi Automotive PLC (DLPH) Upgraded to “Hold” at BidaskClub
BidaskClub upgraded shares of Delphi Automotive PLC (NYSE:DLPH) from a sell rating to a hold rating in a research report report published on Thursday morning.
DLPH has been the subject of a number of other reports. Morgan Stanley reduced their target price on shares of Delphi Automotive PLC from $80.00 to $78.00 and set an underweight rating for the company in a research note on Friday, June 9th. Zacks Investment Research downgraded shares of Delphi Automotive PLC from a buy rating to a hold rating in a research note on Friday, May 5th. Bank of America Corp upgraded shares of Delphi Automotive PLC from an underperform rating to a neutral rating and increased their price objective for the stock from $62.00 to $95.00 in a research note on Thursday, May 4th. Deutsche Bank AG restated a buy rating and set a $107.00 price objective (up from $99.00) on shares of Delphi Automotive PLC in a research note on Wednesday, August 9th. Finally, Barclays PLC restated a buy rating on shares of Delphi Automotive PLC in a research note on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $93.78.
Delphi Automotive PLC (NYSE DLPH) traded down 0.02% during trading on Thursday, reaching $94.51. The company had a trading volume of 588,345 shares. Delphi Automotive PLC has a 52-week low of $60.50 and a 52-week high of $95.44. The company has a 50-day moving average price of $91.94 and a 200 day moving average price of $84.06. The stock has a market cap of $25.22 billion, a PE ratio of 20.00 and a beta of 1.37.
Delphi Automotive PLC (NYSE:DLPH) last announced its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.06. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.20 billion. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 EPS. On average, analysts anticipate that Delphi Automotive PLC will post $6.69 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a $0.29 dividend. The ex-dividend date was Monday, August 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.23%. Delphi Automotive PLC’s payout ratio is 24.58%.
In other Delphi Automotive PLC news, SVP Vos Glen W. De sold 2,100 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $91.35, for a total value of $191,835.00. Following the transaction, the senior vice president now directly owns 22,994 shares of the company’s stock, valued at approximately $2,100,501.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Joseph R. Massaro sold 3,000 shares of the stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $85.79, for a total transaction of $257,370.00. Following the completion of the transaction, the chief financial officer now directly owns 55,779 shares in the company, valued at $4,785,280.41. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board boosted its position in Delphi Automotive PLC by 55.2% in the first quarter. Canada Pension Plan Investment Board now owns 169,970 shares of the auto parts company’s stock valued at $13,681,000 after buying an additional 60,447 shares in the last quarter. Wells Fargo & Company MN boosted its position in Delphi Automotive PLC by 7.2% in the first quarter. Wells Fargo & Company MN now owns 1,677,145 shares of the auto parts company’s stock valued at $134,993,000 after buying an additional 112,520 shares in the last quarter. BB&T Corp boosted its position in Delphi Automotive PLC by 18.9% in the first quarter. BB&T Corp now owns 78,811 shares of the auto parts company’s stock valued at $6,343,000 after buying an additional 12,509 shares in the last quarter. Exane Derivatives bought a new position in Delphi Automotive PLC during the first quarter valued at $3,968,000. Finally, Essex Investment Management Co. LLC boosted its position in Delphi Automotive PLC by 78.4% in the first quarter. Essex Investment Management Co. LLC now owns 59,691 shares of the auto parts company’s stock valued at $4,805,000 after buying an additional 26,226 shares in the last quarter. 91.90% of the stock is currently owned by hedge funds and other institutional investors.
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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