AMP Capital Investors Ltd Boosts Holdings in Delphi Technologies PLC (DLPH)

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AMP Capital Investors Ltd lifted its holdings in shares of Delphi Technologies PLC (NYSE:DLPH) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,082 shares of the company’s stock after purchasing an additional 1,450 shares during the period. AMP Capital Investors Ltd’s holdings in Delphi Technologies were worth $1,731,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Advisors Preferred LLC raised its stake in Delphi Technologies by 908.1% during the 2nd quarter. Advisors Preferred LLC now owns 2,621 shares of the company’s stock worth $119,000 after buying an additional 2,361 shares during the period. Perigon Wealth Management LLC purchased a new stake in shares of Delphi Technologies in the first quarter worth approximately $197,000. Signition LP purchased a new stake in shares of Delphi Technologies in the second quarter worth approximately $205,000. Itau Unibanco Holding S.A. increased its position in shares of Delphi Technologies by 753.7% during the second quarter. Itau Unibanco Holding S.A. now owns 4,516 shares of the company’s stock valued at $205,000 after acquiring an additional 3,987 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of Delphi Technologies during the first quarter valued at approximately $216,000. Institutional investors own 85.51% of the company’s stock.

Several equities analysts have weighed in on the company. Morgan Stanley reduced their price objective on Delphi Technologies from $55.00 to $52.00 and set a “buy” rating for the company in a report on Monday, August 13th. Zacks Investment Research downgraded Delphi Technologies from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Guggenheim reiterated a “buy” rating and issued a $54.00 price objective on shares of Delphi Technologies in a research report on Thursday, August 9th. BMO Capital Markets set a $60.00 price objective on Delphi Technologies and gave the stock a “buy” rating in a research report on Thursday, August 9th. Finally, Buckingham Research lowered their price objective on Delphi Technologies from $48.00 to $33.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $47.58.

NYSE DLPH traded down $0.19 during trading hours on Friday, reaching $23.34. 1,695,686 shares of the stock traded hands, compared to its average volume of 993,167. Delphi Technologies PLC has a 1 year low of $23.00 and a 1 year high of $60.39. The company has a quick ratio of 1.18, a current ratio of 1.59 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $2.78 billion and a price-to-earnings ratio of 4.53.

Delphi Technologies (NYSE:DLPH) last released its quarterly earnings results on Wednesday, August 8th. The company reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.05. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the business earned $1.35 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts expect that Delphi Technologies PLC will post 4.79 earnings per share for the current fiscal year.

In other news, SVP Susan M. Suver sold 1,174 shares of Delphi Technologies stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $95.00, for a total value of $111,530.00. Following the transaction, the senior vice president now owns 62,268 shares in the company, valued at $5,915,460. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frank J. Dellaquila acquired 750 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The stock was bought at an average price of $89.00 per share, for a total transaction of $66,750.00. Following the acquisition, the director now owns 4,818 shares of the company’s stock, valued at approximately $428,802. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company’s stock.

Delphi Technologies Company Profile

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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Institutional Ownership by Quarter for Delphi Technologies (NYSE:DLPH)

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