Delphi Automotive PLC (DLPH) Receives “Outperform” Rating from Robert W. Baird

Delphi Automotive PLC (NYSE:DLPH)‘s stock had its “outperform” rating reiterated by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Wednesday, May 17th. They presently have a $107.00 price target on the auto parts company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 25.87% from the stock’s previous close.

DLPH has been the topic of several other reports. Vetr cut shares of Delphi Automotive PLC from a “strong-buy” rating to a “buy” rating and set a $84.64 target price on the stock. in a research note on Monday, February 13th. Zacks Investment Research upgraded shares of Delphi Automotive PLC from a “sell” rating to a “hold” rating in a research note on Monday, January 23rd. Wells Fargo & Company reiterated an “outperform” rating and issued a $84.00 target price (up from $80.00) on shares of Delphi Automotive PLC in a research note on Friday, February 3rd. They noted that the move was a valuation call. Jefferies Group LLC increased their target price on shares of 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, Deutsche Bank AG reiterated a “buy” rating and issued a $88.00 target price on shares of Delphi Automotive PLC in a research note on Wednesday, March 15th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $90.04.

Analyst Recommendations for Delphi Automotive PLC (NYSE:DLPH)

Shares of Delphi Automotive PLC (DLPH) traded down 1.05% on Wednesday, reaching $85.01. 2,363,449 shares of the company’s stock traded hands. Delphi Automotive PLC has a one year low of $58.04 and a one year high of $90.05. The company’s 50-day moving average price is $86.32 and its 200 day moving average price is $76.85. The firm has a market cap of $22.77 billion, a P/E ratio of 19.81 and a beta of 1.26.

Delphi Automotive PLC (NYSE:DLPH) last posted its earnings results on Wednesday, May 3rd. The auto parts company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.13. Delphi Automotive PLC had a net margin of 6.90% and a return on equity of 62.09%. The business had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the prior year, the company posted $1.36 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities analysts forecast that Delphi Automotive PLC will post $6.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Monday, May 8th. Delphi Automotive PLC’s payout ratio is presently 27.10%.

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In other Delphi Automotive PLC news, Director Sean O. Mahoney sold 1,949 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $87.41, for a total value of $170,362.09. Following the sale, the director now owns 11,767 shares of the company’s stock, valued at approximately $1,028,553.47. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David M. Sherbin sold 15,500 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $86.63, for a total transaction of $1,342,765.00. Following the completion of the sale, the senior vice president now directly owns 70,766 shares in the company, valued at approximately $6,130,458.58. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in DLPH. Assetmark Inc. raised its stake in shares of Delphi Automotive PLC by 3.1% in the first quarter. Assetmark Inc. now owns 1,520 shares of the auto parts company’s stock worth $122,000 after buying an additional 46 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Delphi Automotive PLC during the first quarter worth about $126,000. Israel Discount Bank of New York GFN purchased a new stake in shares of Delphi Automotive PLC during the fourth quarter worth about $134,000. Jacobi Capital Management LLC raised its stake in shares of Delphi Automotive PLC by 25.5% in the first 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 during the period. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Delphi Automotive PLC by 242.9% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,400 shares of the auto parts company’s stock worth $171,000 after buying an additional 1,700 shares during the period. 93.82% of the stock is currently owned by institutional investors and hedge funds.

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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