Allianz Asset Management GmbH trimmed its stake in Delphi Technologies PLC (NYSE:DLPH) by 21.2% during the 4th quarter, Holdings Channel reports. The firm owned 285,354 shares of the company’s stock after selling 76,974 shares during the period. Allianz Asset Management GmbH’s holdings in Delphi Technologies were worth $14,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of DLPH. Ark Investment Management LLC grew its position in Delphi Technologies by 301.5% in the 2nd quarter. Ark Investment Management LLC now owns 12,856 shares of the company’s stock worth $1,127,000 after purchasing an additional 9,654 shares during the last quarter. Nationwide Fund Advisors grew its position in Delphi Technologies by 57.3% in the 3rd quarter. Nationwide Fund Advisors now owns 565,934 shares of the company’s stock worth $55,688,000 after purchasing an additional 206,115 shares during the last quarter. First Trust Advisors LP grew its position in Delphi Technologies by 37.8% in the 3rd quarter. First Trust Advisors LP now owns 77,959 shares of the company’s stock worth $7,671,000 after purchasing an additional 21,394 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new stake in Delphi Technologies in the 3rd quarter worth $246,000. Finally, State of Wisconsin Investment Board grew its position in Delphi Technologies by 4.8% in the 3rd quarter. State of Wisconsin Investment Board now owns 298,552 shares of the company’s stock worth $29,378,000 after purchasing an additional 13,563 shares during the last quarter. Institutional investors own 84.84% of the company’s stock.
Shares of Delphi Technologies PLC (DLPH) opened at $48.83 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.12 and a debt-to-equity ratio of 6.53. Delphi Technologies PLC has a 12-month low of $38.00 and a 12-month high of $60.39. The firm has a market cap of $4,330.00 and a PE ratio of 14.84.
The firm also recently announced an annual dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, February 5th. Delphi Technologies’s dividend payout ratio (DPR) is currently 5.17%.
In other news, SVP David Paja sold 6,287 shares of Delphi Technologies stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total transaction of $578,906.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frank J. Dellaquila bought 500 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $86.50 per share, for a total transaction of $43,250.00. Following the completion of the transaction, the director now owns 2,247 shares in the company, valued at approximately $194,365.50. The disclosure for this purchase can be found here. 0.31% of the stock is currently owned by insiders.
DLPH has been the topic of several research analyst reports. Buckingham Research initiated coverage on shares of Delphi Technologies in a research report on Thursday, February 8th. They issued a “neutral” rating and a $58.00 price target on the stock. Deutsche Bank raised their price target on shares of Delphi Technologies from $56.00 to $59.00 and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Robert W. Baird restated an “outperform” rating and issued a $67.00 price target (up from $64.00) on shares of Delphi Technologies in a research report on Thursday, February 22nd. Guggenheim reiterated a “buy” rating and set a $65.00 target price on shares of Delphi Technologies in a research report on Friday, February 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 target price on shares of Delphi Technologies in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $63.17.
Delphi Technologies 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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