Raymond James Financial Services Advisors Inc. Has $2.32 Million Position in Delphi Automotive PLC (DLPH)
Raymond James Financial Services Advisors Inc. reduced its stake in shares of Delphi Automotive PLC (NYSE:DLPH) by 27.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,542 shares of the auto parts company’s stock after selling 8,748 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Delphi Automotive were worth $2,317,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in DLPH. Global X Management Co. LLC grew its stake in shares of Delphi Automotive by 9.7% in the 2nd quarter. Global X Management Co. LLC now owns 1,292 shares of the auto parts company’s stock valued at $113,000 after buying an additional 114 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Delphi Automotive by 10.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,316 shares of the auto parts company’s stock valued at $115,000 after buying an additional 125 shares during the period. Advisory Services Network LLC grew its stake in shares of Delphi Automotive by 1,248.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,389 shares of the auto parts company’s stock valued at $122,000 after buying an additional 1,286 shares during the period. BB&T Investment Services Inc. acquired a new position in Delphi Automotive during the 2nd quarter valued at about $127,000. Finally, Huntington National Bank boosted its stake in Delphi Automotive by 4.7% during the 2nd 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 last quarter. 90.47% of the stock is owned by institutional investors and hedge funds.
Shares of Delphi Automotive PLC (NYSE DLPH) opened at $100.86 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 1.35. Delphi Automotive PLC has a 1-year low of $60.50 and a 1-year high of $104.09. The stock has a market cap of $26,810.00, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 1.17 and a beta of 1.37.
Delphi Automotive (NYSE:DLPH) last issued its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.10. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Delphi Automotive had a net margin of 8.00% and a return on equity of 57.92%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 EPS. equities research analysts forecast that Delphi Automotive PLC will post 6.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were issued a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $1.16 annualized dividend and a dividend yield of 1.15%. Delphi Automotive’s payout ratio is currently 22.61%.
In related news, 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 value of $836,655.00. Following the completion of the transaction, the director now directly owns 29,960 shares in the company, valued at $2,948,962.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas W. Sidlik sold 8,475 shares of the company’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $103.19, for a total transaction of $874,535.25. Following the completion of the transaction, the director now owns 10,564 shares of the company’s stock, valued at $1,090,099.16. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
A number of equities analysts have issued reports on the company. Bank of America Corporation lifted their price target on Delphi Automotive from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies restated an “overweight” rating and issued a $112.00 target price on shares of Delphi Automotive in a research note on Monday, September 25th. Cowen Inc assumed coverage on Delphi Automotive in a research note on Monday, September 25th. They issued an “outperform” rating and a $120.00 target price on the stock. Robert W. Baird assumed coverage on Delphi Automotive in a research note on Wednesday, November 22nd. They issued an “outperform” rating and a $61.00 target price on the stock. Finally, BidaskClub upgraded Delphi Automotive from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $102.59.
Delphi Automotive 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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