Delphi Automotive PLC (DLPH) Stock Rating Lowered by Deutsche Bank AG

Delphi Automotive PLC (NYSE:DLPH) was downgraded by investment analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

DLPH has been the subject of a number of other research reports. BidaskClub upgraded Delphi Automotive PLC from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Guggenheim assumed coverage on Delphi Automotive PLC in a research report on Wednesday, June 21st. They set a “buy” rating and a $104.00 price objective for the company. Bank of America Corporation boosted their price objective on Delphi Automotive PLC from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, September 26th. Robert W. Baird restated an “outperform” rating and set a $128.00 price objective (up previously from $110.00) on shares of Delphi Automotive PLC in a research report on Thursday, September 28th. They noted that the move was a valuation call. Finally, Wells Fargo & Company restated an “outperform” rating and set a $95.00 price objective on shares of Delphi Automotive PLC in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $102.51.

Shares of Delphi Automotive PLC (NYSE DLPH) opened at 99.25 on Thursday. The company’s 50 day moving average price is $98.56 and its 200 day moving average price is $89.26. The firm has a market capitalization of $26.48 billion, a P/E ratio of 21.01 and a beta of 1.36. Delphi Automotive PLC has a one year low of $60.50 and a one year high of $104.09.

Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.06. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the firm posted $1.59 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts expect that Delphi Automotive PLC will post $6.69 EPS for the current fiscal year.

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In other news, SVP Vos Glen W. De sold 2,100 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $91.35, for a total value of $191,835.00. Following the completion of the sale, the senior vice president now owns 22,994 shares in the company, valued at $2,100,501.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas W. Sidlik sold 8,475 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $103.19, for a total value of $874,535.25. Following the completion of the sale, the director now owns 10,564 shares of the company’s stock, valued at approximately $1,090,099.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,075 shares of company stock valued at $1,903,025. Insiders own 0.32% of the company’s stock.

Several institutional investors have recently made changes to their positions in DLPH. Global X Management Co. LLC lifted its holdings in shares of Delphi Automotive PLC by 9.7% in the second 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. lifted its holdings in shares of Delphi Automotive PLC by 10.5% in the second 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 lifted its holdings in shares of Delphi Automotive PLC by 1,248.5% in the second 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 stake in shares of Delphi Automotive PLC in the second quarter valued at $127,000. Finally, Jacobi Capital Management LLC lifted its holdings 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 valued at $141,000 after buying an additional 382 shares during the period. Institutional investors and hedge funds own 90.13% of the company’s stock.

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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