Meadow Creek Investment Management LLC grew its position in shares of Delphi Technologies PLC (NYSE:DLPH) by 3,308.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,906 shares of the company’s stock after buying an additional 13,498 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Delphi Technologies were worth $632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signition LP bought a new position in shares of Delphi Technologies during the 2nd quarter valued at $205,000. MUFG Securities EMEA plc bought a new position in Delphi Technologies in the 2nd quarter worth $455,000. Citigroup Inc. raised its holdings in Delphi Technologies by 357.8% in the 1st quarter. Citigroup Inc. now owns 60,154 shares of the company’s stock worth $2,866,000 after purchasing an additional 47,014 shares during the period. GSA Capital Partners LLP bought a new position in Delphi Technologies in the 2nd quarter worth $1,860,000. Finally, Dimensional Fund Advisors LP raised its holdings in Delphi Technologies by 146.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 474,812 shares of the company’s stock worth $22,625,000 after purchasing an additional 282,515 shares during the period. 85.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Delphi Technologies stock opened at $33.92 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.59 and a debt-to-equity ratio of 4.68. Delphi Technologies PLC has a one year low of $33.26 and a one year high of $60.39.
Delphi Technologies (NYSE:DLPH) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.05. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.27 billion. Delphi Technologies’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 earnings per share. equities analysts predict that Delphi Technologies PLC will post 4.8 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Tuesday, August 7th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, August 6th. This represents a $0.68 dividend on an annualized basis and a yield of 2.00%. Delphi Technologies’s dividend payout ratio is presently 13.20%.
A number of equities analysts recently commented on the company. Morgan Stanley decreased their target price on Delphi Technologies from $55.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, August 13th. Buckingham Research decreased their target price on Delphi Technologies from $58.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, August 10th. Zacks Investment Research raised Delphi Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Guggenheim reaffirmed a “buy” rating and issued a $54.00 target price on shares of Delphi Technologies in a report on Thursday, August 9th. Finally, Barclays decreased their target price on Delphi Technologies from $62.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, August 9th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Delphi Technologies currently has an average rating of “Buy” and a consensus price target of $55.27.
In other Delphi Technologies news, Director Mark P. Frissora sold 7,826 shares of the firm’s stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $102.59, for a total transaction of $802,869.34. Following the sale, the director now directly owns 1,957 shares of the company’s stock, valued at $200,768.63. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Susan M. Suver sold 1,174 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total value of $111,530.00. Following the sale, the senior vice president now directly owns 62,268 shares in the company, valued at $5,915,460. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.
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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