Retirement Systems of Alabama lifted its position in shares of Delphi Technologies PLC (NYSE:DLPH) by 0.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 115,196 shares of the company’s stock after acquiring an additional 456 shares during the quarter. Retirement Systems of Alabama owned approximately 0.13% of Delphi Technologies worth $2,219,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of DLPH. Oregon Public Employees Retirement Fund raised its holdings in shares of Delphi Technologies by 1,332.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 503,448 shares of the company’s stock valued at $35,000 after acquiring an additional 468,291 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Delphi Technologies by 3,041.0% during the 4th quarter. IFP Advisors Inc now owns 5,434 shares of the company’s stock valued at $78,000 after buying an additional 5,261 shares in the last quarter. Cerebellum GP LLC purchased a new position in Delphi Technologies in the 4th quarter worth approximately $123,000. Dupont Capital Management Corp purchased a new position in Delphi Technologies in the 4th quarter worth approximately $134,000. Finally, Rehmann Capital Advisory Group increased its stake in Delphi Technologies by 4,307.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 4,892 shares of the company’s stock worth $156,000 after purchasing an additional 4,781 shares during the period. Institutional investors own 84.73% of the company’s stock.
A number of equities analysts have commented on the company. Morgan Stanley set a $21.00 price target on Delphi Technologies and gave the stock a “hold” rating in a research note on Tuesday, February 26th. Zacks Investment Research lowered Delphi Technologies from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Bank of America upgraded Delphi Technologies from a “neutral” rating to a “buy” rating and set a $24.95 price objective on the stock in a research report on Friday, April 12th. Barclays reiterated a “buy” rating and issued a $25.00 price objective on shares of Delphi Technologies in a research report on Friday, February 22nd. Finally, BMO Capital Markets lifted their price objective on Delphi Technologies to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.57.
Shares of NYSE DLPH traded down $1.06 during mid-day trading on Wednesday, hitting $17.84. 1,656,865 shares of the stock traded hands, compared to its average volume of 1,347,444. The company has a quick ratio of 0.99, a current ratio of 1.40 and a debt-to-equity ratio of 2.98. Delphi Technologies PLC has a 52 week low of $13.18 and a 52 week high of $53.78. The firm has a market capitalization of $1.66 billion, a PE ratio of 4.07, a P/E/G ratio of 0.68 and a beta of 2.31.
Delphi Technologies (NYSE:DLPH) last released its earnings results on Thursday, May 2nd. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.14. Delphi Technologies had a return on equity of 81.93% and a net margin of 5.86%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was down 11.2% compared to the same quarter last year. On average, research analysts anticipate that Delphi Technologies PLC will post 3.17 earnings per share for the current year.
In other news, SVP David M. Sherbin sold 19,689 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $86.79, for a total value of $1,708,808.31. Following the completion of the transaction, the senior vice president now owns 90,540 shares in the company, valued at $7,857,966.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by insiders.
Delphi Technologies Company 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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