Gary L. Cowger Sells 8,500 Shares of Delphi Automotive PLC (DLPH) Stock
Delphi Automotive PLC (NYSE:DLPH) Director Gary L. Cowger sold 8,500 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $98.43, for a total value of $836,655.00. Following the completion of the transaction, the director now directly owns 29,960 shares in the company, valued at approximately $2,948,962.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Delphi Automotive PLC (NYSE DLPH) opened at 102.31 on Thursday. The company’s 50 day moving average price is $97.56 and its 200 day moving average price is $88.50. The stock has a market cap of $27.30 billion, a PE ratio of 21.65 and a beta of 1.36. Delphi Automotive PLC has a 52-week low of $60.50 and a 52-week high of $104.09.
Delphi Automotive PLC (NYSE:DLPH) last released its quarterly 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 analysts’ expectations 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 quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global X Management Co. LLC raised its holdings in Delphi Automotive PLC by 9.7% in the 2nd quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock worth $113,000 after purchasing an additional 114 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Delphi Automotive PLC by 10.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,316 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 125 shares during the period. Advisory Services Network LLC raised its holdings in Delphi Automotive PLC by 1,248.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,389 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 1,286 shares during the period. BB&T Investment Services Inc. acquired a new position in Delphi Automotive PLC in the 2nd quarter worth about $127,000. Finally, Jacobi Capital Management LLC increased its stake in Delphi Automotive PLC by 25.5% during the 1st quarter. Jacobi Capital Management LLC now owns 1,881 shares of the auto parts company’s stock worth $141,000 after buying an additional 382 shares in the last quarter. 90.13% of the stock is owned by institutional investors.
DLPH has been the topic of a number of recent research reports. Morgan Stanley lowered their target price on Delphi Automotive PLC from $80.00 to $78.00 and set an “underweight” rating on the stock in a report on Friday, June 9th. BidaskClub downgraded Delphi Automotive PLC from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Raymond James Financial, Inc. initiated coverage on Delphi Automotive PLC in a report on Thursday, June 15th. They issued an “outperform” rating and a $95.00 target price on the stock. Bank of America Corporation reissued an “underperform” rating and issued a $90.00 target price (down previously from $95.00) on shares of Delphi Automotive PLC in a report on Friday, June 16th. Finally, Guggenheim initiated coverage on Delphi Automotive PLC in a report on Wednesday, June 21st. They issued a “buy” rating and a $104.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Delphi Automotive PLC has an average rating of “Buy” and a consensus target price of $101.23.
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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