Blueshift Asset Management LLC Purchases 11,538 Shares of Delphi Technologies PLC (NYSE:DLPH)

Blueshift Asset Management LLC raised its position in shares of Delphi Technologies PLC (NYSE:DLPH) by 45.3% during the fourth quarter, HoldingsChannel reports. The fund owned 36,994 shares of the company’s stock after acquiring an additional 11,538 shares during the quarter. Blueshift Asset Management LLC’s holdings in Delphi Technologies were worth $475,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ellington Management Group LLC bought a new position in Delphi Technologies during the fourth quarter valued at $256,000. Tower Research Capital LLC TRC increased its position in Delphi Technologies by 512.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,204 shares of the company’s stock valued at $67,000 after acquiring an additional 4,354 shares during the last quarter. NumerixS Investment Technologies Inc increased its position in Delphi Technologies by 40.8% during the fourth quarter. NumerixS Investment Technologies Inc now owns 7,464 shares of the company’s stock valued at $96,000 after acquiring an additional 2,164 shares during the last quarter. Sciencast Management LP bought a new position in Delphi Technologies during the fourth quarter valued at $153,000. Finally, Partner Investment Management L.P. bought a new position in Delphi Technologies during the third quarter valued at $190,000. Institutional investors and hedge funds own 97.10% of the company’s stock.

NYSE DLPH opened at $9.85 on Thursday. The company’s 50-day moving average price is $12.84 and its 200-day moving average price is $13.06. The company has a current ratio of 1.35, a quick ratio of 0.98 and a debt-to-equity ratio of 3.20. The stock has a market cap of $808.21 million, a PE ratio of 51.84, a PEG ratio of 0.47 and a beta of 2.46. Delphi Technologies PLC has a 12 month low of $5.39 and a 12 month high of $26.82.

Delphi Technologies (NYSE:DLPH) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.11. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Delphi Technologies had a net margin of 0.39% and a return on equity of 43.64%. As a group, sell-side analysts forecast that Delphi Technologies PLC will post 1.99 earnings per share for the current year.

DLPH has been the topic of a number of analyst reports. Royal Bank of Canada reiterated a “hold” rating and set a $12.00 price objective on shares of Delphi Technologies in a research report on Wednesday, March 18th. Deutsche Bank cut shares of Delphi Technologies from a “buy” rating to a “hold” rating and cut their price target for the stock from $14.00 to $11.00 in a report on Tuesday, January 14th. ValuEngine upgraded shares of Delphi Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Morgan Stanley cut their price target on shares of Delphi Technologies from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, March 16th. Finally, Cowen cut shares of Delphi Technologies from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $18.00 to $17.00 in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.80.

Delphi Technologies Profile

Delphi Technologies PLC engages in the design, development, and manufacture of integrated powertrain technologies worldwide. The company operates through two segments, Powertrain Systems and Delphi Technologies Aftermarket. The Powertrain Systems segment provides fuel injection systems, as well as other powertrain products comprising valvetrain, fuel delivery modules, ignition coils, canisters, sensors, valves, and actuators; and electronic control modules with the corresponding software, algorithms, and calibration that provide centralized management of various powertrain components.

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Institutional Ownership by Quarter for Delphi Technologies (NYSE:DLPH)

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