Kendall Capital Management acquired a new stake in Delphi Technologies PLC (NYSE:DLPH) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,875 shares of the company’s stock, valued at approximately $203,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Tdam USA Inc. bought a new position in Delphi Technologies in the 3rd quarter valued at approximately $269,000. Winfield Associates Inc. raised its holdings in Delphi Technologies by 43.3% in the 3rd quarter. Winfield Associates Inc. now owns 7,990 shares of the company’s stock valued at $786,000 after buying an additional 2,415 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Delphi Technologies by 2.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 916,597 shares of the company’s stock worth $90,194,000 after purchasing an additional 19,313 shares during the last quarter. Columbus Circle Investors bought a new position in Delphi Technologies during the 3rd quarter worth approximately $12,861,000. Finally, Advisors Asset Management Inc. raised its holdings in Delphi Technologies by 78.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 29,244 shares of the company’s stock worth $2,878,000 after purchasing an additional 12,815 shares during the last quarter. Institutional investors and hedge funds own 86.52% of the company’s stock.
DLPH has been the subject of several analyst reports. Buckingham Research initiated coverage on shares of Delphi Technologies in a report on Thursday, February 8th. They set a “neutral” rating and a $58.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price target on shares of Delphi Technologies in a report on Wednesday, February 28th. Guggenheim restated a “buy” rating and set a $65.00 price target on shares of Delphi Technologies in a report on Friday, February 23rd. Robert W. Baird restated an “outperform” rating and set a $67.00 price target (up previously from $64.00) on shares of Delphi Technologies in a report on Thursday, February 22nd. Finally, 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 report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Delphi Technologies presently has an average rating of “Buy” and a consensus target price of $63.17.
Delphi Technologies (NYSE:DLPH) last released its quarterly earnings results on Wednesday, February 21st. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.13. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.19 billion. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. analysts forecast that Delphi Technologies PLC will post 4.75 earnings per share for the current fiscal year.
The business also recently disclosed an annual dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were paid a $0.17 dividend. The ex-dividend date was Monday, February 5th.
In related news, Director Timothy Manganello acquired 15,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $48.80 per share, for a total transaction of $732,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank J. Dellaquila acquired 500 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $86.50 per share, with a total value of $43,250.00. Following the purchase, the director now directly owns 2,247 shares in the company, valued at $194,365.50. The disclosure for this purchase can be found here.
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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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