Delphi Automotive PLC (DLPH) Coverage Initiated at Robert W. Baird
Robert W. Baird assumed coverage on shares of Delphi Automotive PLC (NYSE:DLPH) in a report published on Wednesday. The firm issued an outperform rating and a $61.00 price objective on the auto parts company’s stock.
Several other equities research analysts have also weighed in on the company. Deutsche Bank AG boosted their target price on Delphi Automotive from $99.00 to $107.00 and gave the stock a buy rating in a report on Thursday, August 3rd. Piper Jaffray Companies set a $112.00 target price on Delphi Automotive and gave the stock a buy rating in a report on Friday, August 11th. UBS AG restated a buy rating and issued a $102.00 target price on shares of Delphi Automotive in a report on Thursday, September 28th. Jefferies Group LLC boosted their target price on Delphi Automotive to $118.00 and gave the stock a buy rating in a report on Thursday, September 28th. Finally, BidaskClub upgraded Delphi Automotive from a hold rating to a buy rating in a report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $102.59.
Shares of Delphi Automotive (NYSE DLPH) opened at $100.86 on Wednesday. The stock has a market capitalization of $26,812.62, a PE ratio of 14.85, a PEG ratio of 1.17 and a beta of 1.37. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.22 and a current ratio of 1.62. Delphi Automotive has a 1-year low of $60.50 and a 1-year high of $104.09.
Delphi Automotive (NYSE:DLPH) last announced its quarterly earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.10. The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.10 billion. Delphi Automotive had a return on equity of 57.92% and a net margin of 8.00%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 EPS. sell-side analysts anticipate that Delphi Automotive will post 6.77 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, November 7th. Delphi Automotive’s dividend payout ratio is currently 22.61%.
In other Delphi Automotive news, Director Gary L. Cowger sold 8,500 shares of Delphi Automotive stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $98.43, for a total value of $836,655.00. Following the transaction, the director now directly owns 29,960 shares of the company’s stock, valued at approximately $2,948,962.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas W. Sidlik sold 8,475 shares of Delphi Automotive stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $103.19, for a total value of $874,535.25. Following the completion of the transaction, the director now directly owns 10,564 shares in the company, valued at $1,090,099.16. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of DLPH. Aperio Group LLC increased its position in Delphi Automotive by 7.9% in the 2nd quarter. Aperio Group LLC now owns 98,552 shares of the auto parts company’s stock worth $8,638,000 after buying an additional 7,231 shares during the period. US Bancorp DE increased its position in shares of Delphi Automotive by 64.6% during the second quarter. US Bancorp DE now owns 4,924 shares of the auto parts company’s stock valued at $431,000 after purchasing an additional 1,933 shares during the period. APG Asset Management N.V. increased its position in shares of Delphi Automotive by 8.7% during the second quarter. APG Asset Management N.V. now owns 972,544 shares of the auto parts company’s stock valued at $85,243,000 after purchasing an additional 77,604 shares during the period. Huntington National Bank increased its position in shares of Delphi Automotive by 4.7% during the second quarter. Huntington National Bank now owns 1,642 shares of the auto parts company’s stock valued at $144,000 after purchasing an additional 74 shares during the period. Finally, Gilman Hill Asset Management LLC increased its position in shares of Delphi Automotive by 8.2% during the second quarter. Gilman Hill Asset Management LLC now owns 8,388 shares of the auto parts company’s stock valued at $735,000 after purchasing an additional 635 shares during the period. 90.47% of the stock is currently owned by institutional investors.
Delphi Automotive 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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