Impax Asset Management Group plc lifted its stake in shares of Delphi Technologies PLC (NYSE:DLPH) by 14.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 790,934 shares of the company’s stock after acquiring an additional 99,197 shares during the period. Impax Asset Management Group plc owned 0.89% of Delphi Technologies worth $11,326,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of DLPH. Texas Permanent School Fund boosted its stake in Delphi Technologies by 3.7% in the 4th quarter. Texas Permanent School Fund now owns 57,908 shares of the company’s stock worth $829,000 after buying an additional 2,044 shares during the last quarter. Putnam Investments LLC raised its holdings in shares of Delphi Technologies by 0.7% in the 3rd quarter. Putnam Investments LLC now owns 465,925 shares of the company’s stock worth $14,611,000 after purchasing an additional 3,243 shares during the period. Bell Rock Capital LLC purchased a new position in shares of Delphi Technologies in the 3rd quarter worth about $122,000. Rehmann Capital Advisory Group raised its holdings in shares of 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. Finally, IFP Advisors Inc raised its holdings in shares of Delphi Technologies by 3,041.0% in the 4th quarter. IFP Advisors Inc now owns 5,434 shares of the company’s stock worth $78,000 after purchasing an additional 5,261 shares during the period. 81.86% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Majdi Abulaban sold 25,130 shares of the firm’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $2,010,400.00. Following the sale, the senior vice president now directly owns 183,668 shares in the company, valued at approximately $14,693,440. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.12% of the company’s stock.
Shares of NYSE:DLPH opened at $19.89 on Wednesday. The stock has a market cap of $1.74 billion, a P/E ratio of 4.54, a P/E/G ratio of 0.63 and a beta of 2.22. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 3.40. Delphi Technologies PLC has a one year low of $13.18 and a one year high of $53.78.
Delphi Technologies (NYSE:DLPH) last announced its earnings results on Thursday, February 21st. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.87 by $0.19. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.17 billion. Delphi Technologies had a return on equity of 109.04% and a net margin of 7.37%. The company’s revenue was down 6.9% on a year-over-year basis. During the same period last year, the business posted $1.24 EPS. On average, equities analysts forecast that Delphi Technologies PLC will post 3.11 earnings per share for the current year.
A number of research firms have recently commented on DLPH. Morgan Stanley set a $21.00 price objective on Delphi Technologies and gave the stock a “hold” rating in a report on Tuesday, February 26th. BMO Capital Markets raised their price objective on Delphi Technologies to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. Barclays restated a “buy” rating and issued a $25.00 price objective on shares of Delphi Technologies in a report on Friday, February 22nd. Buckingham Research upgraded Delphi Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $30.00 in a report on Friday, February 22nd. Finally, KeyCorp upgraded Delphi Technologies from an “underweight” rating to a “sector weight” rating and set a $19.02 price objective on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.47.
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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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