Delphi Automotive PLC (DLPH) Receives “Buy” Rating from Jefferies Group LLC
Jefferies Group LLC reiterated their buy rating on shares of Delphi Automotive PLC (NYSE:DLPH) in a research report released on Tuesday. Jefferies Group LLC currently has a $118.00 price target on the auto parts company’s stock.
DLPH has been the subject of a number of other research reports. BidaskClub upgraded Delphi Automotive PLC from a hold rating to a buy rating in a report on Friday, September 22nd. Bank of America Corporation upped their target price on Delphi Automotive PLC from $95.00 to $110.00 and gave the stock a neutral rating in a report on Tuesday, September 26th. KeyCorp upped their target price on Delphi Automotive PLC from $100.00 to $106.00 and gave the stock a buy rating in a report on Friday, October 13th. Robert W. Baird restated an outperform rating and set a $128.00 target price (up previously from $110.00) on shares of Delphi Automotive PLC in a report on Thursday, September 28th. They noted that the move was a valuation call. Finally, Wells Fargo & Company restated an outperform rating and set a $95.00 target price on shares of Delphi Automotive PLC in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Delphi Automotive PLC presently has an average rating of Buy and an average price target of $103.82.
Delphi Automotive PLC (NYSE:DLPH) traded up 0.69% on Tuesday, reaching $100.07. The company had a trading volume of 760,822 shares. Delphi Automotive PLC has a 52 week low of $60.50 and a 52 week high of $104.09. The company has a market capitalization of $26.70 billion, a P/E ratio of 21.18 and a beta of 1.36. The stock’s 50-day moving average is $99.34 and its 200-day moving average is $91.36.
Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.20 billion. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. Delphi Automotive PLC’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.59 earnings per share. Equities research analysts forecast that Delphi Automotive PLC will post $6.70 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Tuesday, November 7th. Delphi Automotive PLC’s payout ratio is 24.58%.
In other Delphi Automotive PLC news, Director Thomas W. Sidlik sold 8,475 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $103.19, for a total value of $874,535.25. Following the sale, the director now directly owns 10,564 shares of the company’s stock, valued at $1,090,099.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary L. Cowger sold 8,500 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $98.43, for a total transaction of $836,655.00. Following the completion of the sale, the director now directly owns 29,960 shares in the company, valued at $2,948,962.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,075 shares of company stock worth $1,903,025. 0.31% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Delphi Automotive PLC by 1.8% in the second quarter. Vanguard Group Inc. now owns 21,839,159 shares of the auto parts company’s stock valued at $1,914,202,000 after purchasing an additional 382,272 shares during the last quarter. BlackRock Inc. boosted its holdings in Delphi Automotive PLC by 2.5% in the second quarter. BlackRock Inc. now owns 17,315,076 shares of the auto parts company’s stock valued at $1,517,667,000 after purchasing an additional 422,074 shares during the last quarter. Longview Partners Guernsey LTD boosted its holdings in Delphi Automotive PLC by 4.5% in the third quarter. Longview Partners Guernsey LTD now owns 10,211,866 shares of the auto parts company’s stock valued at $1,004,848,000 after purchasing an additional 439,200 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Delphi Automotive PLC by 705.4% in the second quarter. Janus Henderson Group PLC now owns 5,504,770 shares of the auto parts company’s stock valued at $482,510,000 after purchasing an additional 4,821,278 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in Delphi Automotive PLC by 43.7% in the second quarter. Artisan Partners Limited Partnership now owns 4,435,030 shares of the auto parts company’s stock valued at $388,730,000 after purchasing an additional 1,348,013 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors.
About Delphi Automotive PLC
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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