BRYN MAWR TRUST Co acquired a new position in Delphi Technologies PLC (NYSE:DLPH) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 43,691 shares of the company’s stock, valued at approximately $2,293,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Delphi Technologies in the fourth quarter worth $7,871,000. Municipal Employees Retirement System of Michigan raised its holdings in Delphi Technologies by 161.8% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 30,529 shares of the company’s stock worth $1,601,000 after purchasing an additional 18,869 shares in the last quarter. Millennium Management LLC raised its holdings in Delphi Technologies by 83.4% in the fourth quarter. Millennium Management LLC now owns 460,332 shares of the company’s stock worth $24,154,000 after purchasing an additional 209,290 shares in the last quarter. DSC Advisors L.P. purchased a new stake in shares of Delphi Technologies in the fourth quarter worth $1,312,000. Finally, Kendall Capital Management purchased a new stake in shares of Delphi Technologies in the fourth quarter worth $203,000. Institutional investors and hedge funds own 86.51% of the company’s stock.
Shares of Delphi Technologies stock opened at $48.64 on Thursday. Delphi Technologies PLC 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 released its earnings results on Wednesday, February 21st. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.13. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Delphi Technologies’s quarterly revenue was up 12.5% compared to the same quarter last year. equities analysts predict that Delphi Technologies PLC will post 4.77 EPS for the current year.
In other Delphi Technologies news, Director Frank J. Dellaquila acquired 500 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $86.50 per share, with a total value of $43,250.00. Following the completion of the transaction, the director now directly owns 2,247 shares of the company’s stock, valued at approximately $194,365.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy Manganello acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $48.80 per share, for a total transaction of $732,000.00. The disclosure for this purchase can be found here.
A number of equities research analysts have recently commented on DLPH shares. BMO Capital Markets reissued a “buy” rating and issued a $70.00 target price on shares of Delphi Technologies in a research note on Tuesday, March 6th. Guggenheim reissued a “buy” rating and issued a $65.00 target price on shares of Delphi Technologies in a research note on Friday, February 23rd. Deutsche Bank increased their target price on Delphi Technologies from $56.00 to $59.00 and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Buckingham Research started coverage on Delphi Technologies in a research note on Thursday, February 8th. They issued a “neutral” rating and a $58.00 target price on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 target price on shares of Delphi Technologies in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Delphi Technologies presently has a consensus rating of “Buy” and an average price target of $63.17.
Delphi Technologies Company Profile
Delphi Technologies PLC is a develops, designs and manufactures powertrain technologies for original equipment manufacturers (OEMs). The Company’s segments is Products & Service Solutions (PSS). PSS segment sells aftermarket products to independent aftermarket and original equipment service customers.
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