Delphi Technologies (NYSE:DLPH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “Delphi Technologies PLC develops, designs and manufactures powertrain technologies for original equipment manufacturers. The company’s operating segment consists of Powertrain Systems and Products & Service Solutions. Powertrain Systems segment provides fuel injection systems. It also offers electronic control modules and power electronics technologies. PSS segment sells aftermarket products to independent aftermarket and original equipment service customers. It supplies a full suite of aftermarket products, including engine control modules, pumps, injectors, fuel modules, exhaust gas recirculation valves, brakes, steering and suspension. Delphi Technologies PLC is based in United Kingdom. “
DLPH has been the topic of a number of other research reports. Robert W. Baird reiterated an “outperform” rating and set a $67.00 target price (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 target price on shares of Delphi Technologies in a research report on Wednesday, February 28th. Deutsche Bank lifted their target price on 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 target price on shares of Delphi Technologies in a research report on Tuesday, March 6th. Finally, Guggenheim reiterated a “buy” rating and set a $65.00 target price on shares of Delphi Technologies in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Delphi Technologies currently has an average rating of “Buy” and an average price target of $60.50.
DLPH opened at $49.05 on Thursday. 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 has a one year low of $38.00 and a one year high of $60.39. The stock has a market cap of $4,426.23 and a PE ratio of 9.52.
Delphi Technologies (NYSE:DLPH) last posted its earnings results on Wednesday, February 21st. The company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.13. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.19 billion. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. equities research analysts anticipate that Delphi Technologies will post 4.74 EPS for the current year.
In related news, Director Frank J. Dellaquila purchased 500 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average price of $86.50 per share, for a total transaction of $43,250.00. Following the transaction, the director now directly owns 2,247 shares of the company’s stock, valued at approximately $194,365.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Paja sold 6,287 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total value of $578,906.96. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. KBC Group NV increased its position in Delphi Technologies by 67.3% during the 4th quarter. KBC Group NV now owns 72,173 shares of the company’s stock worth $5,440,000 after purchasing an additional 29,030 shares during the period. Ecofin Ltd. increased its position in Delphi Technologies by 60.4% during the 4th quarter. Ecofin Ltd. now owns 379,972 shares of the company’s stock worth $19,937,000 after purchasing an additional 143,084 shares during the period. Centenus Global Management LP acquired a new position in Delphi Technologies during the 4th quarter worth approximately $1,574,000. BlueCrest Capital Management Ltd acquired a new position in Delphi Technologies during the 4th quarter worth approximately $787,000. Finally, Logan Capital Management Inc. increased its position in Delphi Technologies by 54.8% during the 4th quarter. Logan Capital Management Inc. now owns 8,745 shares of the company’s stock worth $459,000 after purchasing an additional 3,094 shares during the period. Hedge funds and other institutional investors own 86.52% of the company’s stock.
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About Delphi Technologies
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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