Systematic Financial Management LP increased its holdings in shares of Delphi Technologies, Inc (NYSE:DLPH) by 2,698.3% in the first quarter, Holdings Channel reports. The institutional investor owned 252,431 shares of the company’s stock after purchasing an additional 243,410 shares during the quarter. Systematic Financial Management LP’s holdings in Delphi Technologies were worth $12,028,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Kendall Capital Management bought a new stake in Delphi Technologies in the fourth quarter valued at approximately $203,000. Diamond Hill Capital Management Inc. bought a new stake in Delphi Technologies in the first quarter valued at approximately $218,000. Thompson Siegel & Walmsley LLC increased its stake in Delphi Technologies by 12,500.0% in the first quarter. Thompson Siegel & Walmsley LLC now owns 5,040 shares of the company’s stock valued at $240,000 after purchasing an additional 5,000 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Delphi Technologies in the fourth quarter valued at approximately $263,000. Finally, Neuburgh Advisers LLC increased its stake in Delphi Technologies by 3,308.3% in the first quarter. Neuburgh Advisers LLC now owns 6,544 shares of the company’s stock valued at $312,000 after purchasing an additional 6,352 shares in the last quarter. 85.67% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on DLPH. Robert W. Baird upped their target price on shares of Delphi Technologies from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, April 17th. Cowen began coverage on shares of Delphi Technologies in a research note on Monday, April 16th. They issued an “outperform” rating and a $64.00 target price for the company. Zacks Investment Research downgraded shares of Delphi Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. Morgan Stanley downgraded shares of Delphi Technologies from an “overweight” rating to an “equal weight” rating and set a $51.00 price objective for the company. in a research report on Thursday, March 22nd. Finally, BMO Capital Markets reissued a “buy” rating and set a $70.00 price objective on shares of Delphi Technologies in a research report on Tuesday, March 6th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Delphi Technologies has an average rating of “Buy” and an average target price of $61.22.
Shares of Delphi Technologies opened at $53.11 on Wednesday, according to MarketBeat.com. Delphi Technologies, Inc has a 12 month low of $38.00 and a 12 month high of $60.39. The firm has a market cap of $4.67 billion and a P/E ratio of 10.31. The company has a quick ratio of 1.15, a current ratio of 1.53 and a debt-to-equity ratio of 4.99.
Delphi Technologies (NYSE:DLPH) last announced its earnings results on Wednesday, May 9th. The company reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.14. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the company posted $1.59 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. equities research analysts predict that Delphi Technologies, Inc will post 4.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 16th. Investors of record on Tuesday, May 8th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.28%. The ex-dividend date was Monday, May 7th. Delphi Technologies’s payout ratio is 13.20%.
In other Delphi Technologies news, Director Timothy Manganello bought 15,000 shares of Delphi Technologies stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average price of $48.80 per share, for a total transaction of $732,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robin J. Adams bought 2,000 shares of Delphi Technologies stock in a transaction that occurred on Friday, May 11th. The shares were acquired at an average price of $49.90 per share, with a total value of $99,800.00. The disclosure for this purchase can be found here. Corporate insiders own 0.12% of the company’s stock.
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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