Delphi Automotive PLC (DLPH) Reaches New 12-Month High at $100.08

Delphi Automotive PLC (NYSE:DLPH) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $100.08 and last traded at $99.98, with a volume of 783,100 shares. The stock had previously closed at $97.89.

DLPH has been the topic of a number of recent research reports. Royal Bank Of Canada restated a “buy” rating and issued a $95.00 price target on shares of Delphi Automotive PLC in a research report on Friday, July 7th. Bank of America Corporation restated an “underperform” rating and issued a $90.00 price target (down from $95.00) on shares of Delphi Automotive PLC in a research report on Friday, June 16th. Guggenheim initiated coverage on shares of Delphi Automotive PLC in a research report on Wednesday, June 21st. They issued a “buy” rating and a $104.00 price target on the stock. BidaskClub downgraded shares of Delphi Automotive PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Raymond James Financial, Inc. initiated coverage on shares of Delphi Automotive PLC in a research report on Thursday, June 15th. They issued an “outperform” rating and a $95.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Delphi Automotive PLC currently has a consensus rating of “Buy” and a consensus target price of $93.78.

The company has a market cap of $26.74 billion, a P/E ratio of 21.20 and a beta of 1.35. The company has a 50 day moving average price of $94.36 and a 200-day moving average price of $86.35.

Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.06. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.20 billion. Delphi Automotive PLC had a net margin of 7.51% and a return on equity of 60.14%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 EPS. Analysts anticipate that Delphi Automotive PLC will post $6.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $1.16 annualized dividend and a yield of 1.16%. Delphi Automotive PLC’s dividend payout ratio (DPR) is 24.58%.

In related news, SVP Vos Glen W. De sold 2,100 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $91.35, for a total transaction of $191,835.00. Following the transaction, the senior vice president now owns 22,994 shares in the company, valued at approximately $2,100,501.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Joseph R. Massaro sold 3,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $85.79, for a total transaction of $257,370.00. Following the transaction, the chief financial officer now owns 55,779 shares in the company, valued at approximately $4,785,280.41. The disclosure for this sale can be found here. 0.32% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Global X Management Co. LLC lifted its position in Delphi Automotive PLC by 9.7% during 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 purchasing an additional 114 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Delphi Automotive PLC by 10.5% during 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 purchasing an additional 125 shares during the period. Advisory Services Network LLC lifted its position in Delphi Automotive PLC by 1,248.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,389 shares of the auto parts company’s stock valued at $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 during the 2nd quarter valued at about $127,000. Finally, Assetmark Inc. lifted its position in Delphi Automotive PLC by 3.1% during the 1st quarter. Assetmark Inc. now owns 1,520 shares of the auto parts company’s stock valued at $122,000 after purchasing an additional 46 shares during the period. Institutional investors own 90.10% of the company’s stock.

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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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