Thrivent Financial for Lutherans increased its position in Delphi Technologies PLC (NYSE:DLPH) by 480.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 124,384 shares of the company’s stock after purchasing an additional 102,962 shares during the period. Thrivent Financial for Lutherans owned about 0.14% of Delphi Technologies worth $1,781,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Delphi Technologies by 1,332.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 503,448 shares of the company’s stock valued at $35,000 after purchasing an additional 468,291 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Delphi Technologies by 3,041.0% during the 4th quarter. IFP Advisors Inc now owns 5,434 shares of the company’s stock valued at $78,000 after purchasing an additional 5,261 shares in the last quarter. Bell Rock Capital LLC bought a new position in shares of Delphi Technologies during the 3rd quarter valued at $122,000. Cerebellum GP LLC bought a new position in shares of Delphi Technologies during the 4th quarter valued at $123,000. Finally, Dupont Capital Management Corp bought a new position in shares of Delphi Technologies during the 4th quarter valued at $134,000. 87.36% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on DLPH. Morgan Stanley set a $21.00 target price on shares of Delphi Technologies and gave the stock a “hold” rating in a report on Tuesday, February 26th. Bank of America upgraded shares of Delphi Technologies from a “neutral” rating to a “buy” rating and set a $24.95 target price on the stock in a report on Friday, April 12th. Barclays reiterated a “buy” rating and issued a $25.00 target price on shares of Delphi Technologies in a report on Friday, February 22nd. BMO Capital Markets lifted their target price on shares of Delphi Technologies to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. Finally, Seaport Global Securities started coverage on shares of Delphi Technologies in a report on Wednesday, February 13th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $30.50.
Shares of Delphi Technologies stock traded down $0.20 during trading on Wednesday, hitting $24.61. 870,800 shares of the company’s stock traded hands, compared to its average volume of 1,369,768. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.02 and a current ratio of 1.40. Delphi Technologies PLC has a twelve month low of $13.18 and a twelve month high of $53.78. The firm has a market cap of $2.26 billion, a P/E ratio of 5.62, a price-to-earnings-growth ratio of 0.85 and a beta of 2.17.
Delphi Technologies (NYSE:DLPH) last issued its earnings results on Thursday, February 21st. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.19. Delphi Technologies had a net margin of 7.37% and a return on equity of 109.04%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business earned $1.24 EPS. The firm’s revenue was down 6.9% on a year-over-year basis. On average, equities analysts forecast that Delphi Technologies PLC will post 3.08 earnings per share for the current fiscal year.
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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