Rhumbline Advisers cut its holdings in Delphi Technologies, Inc (NYSE:DLPH) by 6.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,040 shares of the company’s stock after selling 11,342 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of Delphi Technologies worth $8,388,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in DLPH. Standard Life Aberdeen plc boosted its stake in Delphi Technologies by 1,931.6% in the fourth quarter. Standard Life Aberdeen plc now owns 1,422,321 shares of the company’s stock valued at $74,629,000 after buying an additional 1,352,310 shares in the last quarter. Water Island Capital LLC acquired a new stake in shares of Delphi Technologies during the fourth quarter valued at about $13,266,000. Millennium Management LLC boosted its stake in shares of Delphi Technologies by 83.4% during the fourth quarter. Millennium Management LLC now owns 460,332 shares of the company’s stock valued at $24,154,000 after purchasing an additional 209,290 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Delphi Technologies during the fourth quarter valued at about $7,871,000. Finally, Ecofin Ltd. boosted its stake in shares of Delphi Technologies by 60.4% during the fourth quarter. Ecofin Ltd. now owns 379,972 shares of the company’s stock valued at $19,937,000 after purchasing an additional 143,084 shares in the last quarter. 83.84% of the stock is currently owned by institutional investors and hedge funds.
Delphi Technologies stock opened at $52.38 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.15 and a debt-to-equity ratio of 4.99. The company has a market capitalization of $4.58 billion and a P/E ratio of 10.17. Delphi Technologies, Inc has a one year low of $50.39 and a one year high of $50.96.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Investors of record on Tuesday, May 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Monday, May 7th. Delphi Technologies’s dividend payout ratio is currently 13.20%.
DLPH has been the topic of a number of recent research reports. Guggenheim reissued a “buy” rating and set a $65.00 price target on shares of Delphi Technologies in a research note on Friday, February 23rd. Zacks Investment Research raised Delphi Technologies from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Thursday, March 22nd. BMO Capital Markets reissued a “buy” rating and set a $70.00 price target on shares of Delphi Technologies in a research note on Tuesday, March 6th. Morgan Stanley lowered Delphi Technologies from an “overweight” rating to an “equal weight” rating and set a $51.00 price target on the stock. in a research note on Thursday, March 22nd. Finally, Deutsche Bank lifted their price target on Delphi Technologies from $56.00 to $59.00 and gave the company a “hold” rating in a research note on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Delphi Technologies presently has an average rating of “Buy” and a consensus price target of $61.22.
In related news, SVP David Paja sold 6,287 shares of Delphi Technologies stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $92.08, for a total value of $578,906.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robin J. Adams acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The stock was bought at an average cost of $49.90 per share, for a total transaction of $99,800.00. The disclosure for this purchase can be found here. 0.12% of the stock is owned by 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.
Want to see what other hedge funds are holding DLPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delphi Technologies, Inc (NYSE:DLPH).
Receive News & Ratings for Delphi Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delphi Technologies and related companies with MarketBeat.com's FREE daily email newsletter.