Essex Investment Management Co. LLC reduced its stake in Delphi Technologies PLC (NYSE:DLPH) by 66.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,621 shares of the company’s stock after selling 64,120 shares during the period. Essex Investment Management Co. LLC’s holdings in Delphi Technologies were worth $1,712,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in DLPH. Advisory Services Network LLC increased its stake in Delphi Technologies by 1,248.5% in the second quarter. Advisory Services Network LLC now owns 1,389 shares of the company’s stock valued at $122,000 after purchasing an additional 1,286 shares during the last quarter. BB&T Investment Services Inc. purchased a new position in shares of Delphi Technologies during the second quarter worth approximately $127,000. Highstreet Asset Management Inc. purchased a new position in shares of Delphi Technologies during the third quarter worth approximately $192,000. Global X MANAGEMENT CO LLC grew its position in shares of Delphi Technologies by 56.2% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,018 shares of the company’s stock worth $199,000 after acquiring an additional 726 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new position in shares of Delphi Technologies during the third quarter worth approximately $212,000. Institutional investors own 7.24% of the company’s stock.
In other news, Director Frank J. Dellaquila acquired 500 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $86.50 per share, for a total transaction of $43,250.00. Following the transaction, the director now directly owns 2,247 shares in the company, valued at approximately $194,365.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Delphi Technologies PLC (DLPH) traded up $0.52 during trading hours on Wednesday, reaching $51.25. 458,489 shares of the company were exchanged, compared to its average volume of 1,157,616. Delphi Technologies PLC has a 1 year low of $38.00 and a 1 year high of $60.39.
The company also recently disclosed an annual dividend, which will be paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, February 5th.
Separately, Buckingham Research began coverage on shares of Delphi Technologies in a research report on Thursday, February 8th. They set a “neutral” rating and a $58.00 target price on the stock.
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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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