Wolverine Trading LLC lessened its holdings in shares of Delphi Technologies, Inc (NYSE:DLPH) by 91.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,224 shares of the company’s stock after selling 44,754 shares during the quarter. Wolverine Trading LLC’s holdings in Delphi Technologies were worth $222,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of DLPH. Global X MANAGEMENT CO LLC grew its position in shares of Delphi Technologies by 56.2% in the 3rd 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 in the last quarter. Kendall Capital Management acquired a new position in shares of Delphi Technologies in the 4th quarter worth approximately $203,000. Brown Advisory Inc. acquired a new position in shares of Delphi Technologies in the 3rd quarter worth approximately $212,000. Shelton Capital Management acquired a new position in shares of Delphi Technologies in the 3rd quarter worth approximately $214,000. Finally, Alps Advisors Inc. acquired a new position in shares of Delphi Technologies in the 3rd quarter worth approximately $236,000. Hedge funds and other institutional investors own 86.52% of the company’s stock.
Shares of NYSE DLPH opened at $49.05 on Friday. The company has a market capitalization of $4,426.23 and a P/E ratio of 9.52. Delphi Technologies, Inc has a 12-month low of $38.00 and a 12-month 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 announced its quarterly earnings results on Wednesday, February 21st. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.13. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.19 billion. Delphi Technologies’s revenue for the quarter was up 12.5% on a year-over-year basis. research analysts forecast that Delphi Technologies, Inc will post 4.74 earnings per share for the current year.
Several brokerages have recently commented on DLPH. Zacks Investment Research lowered Delphi Technologies from a “buy” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets reiterated a “buy” rating and issued a $70.00 target price on shares of Delphi Technologies in a research report on Tuesday, March 6th. Robert W. Baird reiterated an “outperform” rating and issued a $67.00 target price (up previously from $64.00) on shares of Delphi Technologies in a research report on Thursday, February 22nd. Guggenheim reiterated a “buy” rating and issued a $65.00 target price on shares of Delphi Technologies in a research report on Friday, February 23rd. Finally, Morgan Stanley lowered Delphi Technologies from an “overweight” rating to an “equal weight” rating and set a $51.00 target price for the company. in a research report on Thursday, March 22nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $60.50.
In other Delphi Technologies news, Director Frank J. Dellaquila bought 500 shares of the business’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $86.50 per share, with a total value of $43,250.00. Following the purchase, the director now directly owns 2,247 shares of the company’s stock, valued at $194,365.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Paja sold 6,287 shares of Delphi Technologies stock in a transaction on 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. Company insiders own 0.12% 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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