Luminus Management LLC lessened its stake in Delphi Technologies PLC (NYSE:DLPH) by 90.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,160 shares of the company’s stock after selling 68,720 shares during the quarter. Luminus Management LLC’s holdings in Delphi Technologies were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Global X MANAGEMENT CO LLC increased its position in Delphi Technologies by 56.2% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,018 shares of the company’s stock valued at $199,000 after acquiring an additional 726 shares in the last quarter. Brown Advisory Inc. acquired a new stake in Delphi Technologies in the 3rd quarter valued at about $212,000. Shelton Capital Management acquired a new stake in Delphi Technologies in the 3rd quarter valued at about $214,000. Alps Advisors Inc. acquired a new stake in Delphi Technologies in the 3rd quarter valued at about $236,000. Finally, Tdam USA Inc. acquired a new stake in Delphi Technologies in the 3rd quarter valued at about $269,000. Hedge funds and other institutional investors own 86.52% of the company’s stock.
In other news, SVP David Paja sold 6,287 shares of Delphi Technologies stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total transaction of $578,906.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank J. Dellaquila purchased 500 shares of the stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $86.50 per share, with a total value of $43,250.00. Following the transaction, the director now owns 2,247 shares in the company, valued at $194,365.50. The disclosure for this purchase can be found here.
Several equities research analysts have weighed in on the stock. Robert W. Baird restated an “outperform” rating and issued a $67.00 price objective (up previously from $64.00) on shares of Delphi Technologies in a research report on Thursday, February 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price target on shares of Delphi Technologies in a research report on Wednesday, February 28th. Deutsche Bank lifted their price target on shares of Delphi Technologies from $56.00 to $59.00 and gave the stock a “hold” rating in a research report on Thursday, February 22nd. BMO Capital Markets reiterated a “buy” rating and set a $70.00 price target on shares of Delphi Technologies in a research report on Tuesday, March 6th. Finally, Guggenheim reiterated a “buy” rating and set a $65.00 price target on shares of Delphi Technologies in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $63.17.
Shares of Delphi Technologies PLC (DLPH) opened at $48.95 on Wednesday. Delphi Technologies PLC has a 1 year low of $38.00 and a 1 year high of $60.39. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.12 and a current ratio of 1.47.
Delphi Technologies (NYSE:DLPH) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.11 by $0.13. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.19 billion. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. equities analysts expect that Delphi Technologies PLC will post 4.77 earnings per share for the current fiscal year.
The firm also recently declared an annual dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.17 per share. The ex-dividend date was Monday, February 5th.
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Delphi Technologies Profile
Delphi Technologies PLC is a develops, designs and manufactures powertrain technologies for original equipment manufacturers (OEMs). The Company’s segments is Products & Service Solutions (PSS). PSS segment sells aftermarket products to independent aftermarket and original equipment service customers.
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