Several other equities research analysts have also recently weighed in on DLPH. Vetr upgraded Delphi Automotive PLC from a hold rating to a buy rating and set a $73.24 target price for the company in a research note on Thursday, January 5th. KeyCorp restated an overweight rating on shares of Delphi Automotive PLC in a research note on Monday, January 9th. Zacks Investment Research upgraded Delphi Automotive PLC from a sell rating to a hold rating in a research note on Monday, January 23rd. Jefferies Group LLC boosted their target price on Delphi Automotive PLC from $80.00 to $86.00 and gave the stock a buy rating in a research note on Monday, January 30th. Finally, Royal Bank of Canada restated an outperform rating and set a $87.00 target price (up previously from $83.00) on shares of Delphi Automotive PLC in a research note on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $88.54.
Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Wednesday, May 3rd. The auto parts company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.13. The firm had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Delphi Automotive PLC had a return on equity of 61.96% and a net margin of 7.54%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 earnings per share.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th will be given a $0.29 dividend. The ex-dividend date is Monday, May 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.35%. Delphi Automotive PLC’s dividend payout ratio is currently 25.38%.
In other news, insider Allan J. Brazier sold 4,019 shares of the company’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $75.94, for a total value of $305,202.86. Following the sale, the insider now directly owns 9,658 shares in the company, valued at $733,428.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David M. Sherbin sold 15,500 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $86.63, for a total value of $1,342,765.00. Following the completion of the sale, the senior vice president now owns 70,766 shares in the company, valued at $6,130,458.58. The disclosure for this sale can be found here. Insiders sold 33,519 shares of company stock worth $2,711,268 over the last 90 days. Company insiders own 0.36% of the company’s stock.
Several hedge funds have recently modified their holdings of DLPH. Vanguard Group Inc. raised its position in Delphi Automotive PLC by 3.2% in the first quarter. Vanguard Group Inc. now owns 21,456,887 shares of the auto parts company’s stock valued at $1,727,065,000 after buying an additional 667,244 shares during the last quarter. BlackRock Inc. raised its position in Delphi Automotive PLC by 2,138.9% in the first quarter. BlackRock Inc. now owns 16,893,002 shares of the auto parts company’s stock valued at $1,359,718,000 after buying an additional 16,138,486 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Delphi Automotive PLC by 3.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 16,841,567 shares of the auto parts company’s stock valued at $1,355,577,000 after buying an additional 552,921 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Delphi Automotive PLC by 25.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,215,563 shares of the auto parts company’s stock valued at $799,894,000 after buying an additional 2,308,682 shares during the last quarter. Finally, Longview Partners Guernsey LTD raised its position in Delphi Automotive PLC by 2.2% in the third quarter. Longview Partners Guernsey LTD now owns 9,213,828 shares of the auto parts company’s stock valued at $657,130,000 after buying an additional 196,157 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.
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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