LS Investment Advisors LLC decreased its holdings in shares of Delphi Technologies, Inc (NYSE:DLPH) by 18.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,078 shares of the company’s stock after selling 1,599 shares during the quarter. LS Investment Advisors LLC’s holdings in Delphi Technologies were worth $337,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. grew its stake in Delphi Technologies by 4.5% in the first quarter. Whittier Trust Co. now owns 27,352 shares of the company’s stock worth $1,303,000 after purchasing an additional 1,174 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Delphi Technologies by 3.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 76,576 shares of the company’s stock worth $3,649,000 after purchasing an additional 2,776 shares in the last quarter. Logan Capital Management Inc. grew its stake in Delphi Technologies by 54.8% in the fourth quarter. Logan Capital Management Inc. now owns 8,745 shares of the company’s stock worth $459,000 after purchasing an additional 3,094 shares in the last quarter. Kendall Capital Management bought a new position in Delphi Technologies in the fourth quarter worth approximately $203,000. Finally, Profund Advisors LLC grew its stake in Delphi Technologies by 66.5% in the fourth quarter. Profund Advisors LLC now owns 10,453 shares of the company’s stock worth $548,000 after purchasing an additional 4,175 shares in the last quarter. 83.84% of the stock is currently owned by hedge funds and other institutional investors.
In other Delphi Technologies news, SVP David Paja sold 6,287 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $92.08, for a total transaction of $578,906.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Timothy Manganello bought 15,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were bought 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. 0.12% of the stock is currently owned by company insiders.
Delphi Technologies (NYSE:DLPH) last announced its earnings results on Wednesday, May 9th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.14. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.24 billion. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $1.59 EPS. equities research analysts expect that Delphi Technologies, Inc will post 4.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 16th. Shareholders of record on Tuesday, May 8th were given a dividend of $0.17 per share. The ex-dividend date was Monday, May 7th. This represents a $0.68 annualized dividend and a yield of 1.29%. Delphi Technologies’s dividend payout ratio (DPR) is presently 13.20%.
Several brokerages recently issued reports on DLPH. Robert W. Baird reissued an “outperform” rating and issued a $67.00 price objective (up previously from $64.00) on shares of Delphi Technologies in a research note on Thursday, February 22nd. Zacks Investment Research cut Delphi Technologies from a “buy” rating to a “hold” rating in a research note on Monday, March 26th. Cowen began coverage on Delphi Technologies in a research note on Monday, April 16th. They issued an “outperform” rating and a $64.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price objective on shares of Delphi Technologies in a research note on Wednesday, February 28th. Finally, Deutsche Bank increased their price objective on Delphi Technologies from $56.00 to $59.00 and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Delphi Technologies presently has an average rating of “Buy” and a consensus price target of $61.22.
Delphi Technologies 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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