DLPH has been the topic of several other research 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 objective on the stock. Deutsche Bank lifted their target price on shares of Delphi Technologies from $56.00 to $59.00 and gave the company a hold rating in a research report on Thursday, February 22nd. Finally, Robert W. Baird reiterated an outperform rating and set a $67.00 target price (up from $64.00) on shares of Delphi Technologies in a research report on Thursday, February 22nd.
Delphi Technologies (NYSE:DLPH) opened at $49.30 on Friday. Delphi Technologies has a twelve month low of $38.00 and a twelve month high of $60.39. The company has a current ratio of 1.47, a quick ratio of 1.12 and a debt-to-equity ratio of 6.53.
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.
In other Delphi Technologies news, 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 cost of $86.50 per share, for a total transaction of $43,250.00. Following the transaction, the director now owns 2,247 shares in the company, valued at $194,365.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here.
A number of large investors have recently added to or reduced their stakes in DLPH. Highstreet Asset Management Inc. acquired a new position in Delphi Technologies in the third quarter valued at about $192,000. Global X MANAGEMENT CO LLC boosted its position in Delphi Technologies by 56.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 2,018 shares of the company’s stock valued at $199,000 after buying an additional 726 shares in the last quarter. Kendall Capital Management acquired a new position in Delphi Technologies in the fourth quarter valued at about $203,000. Brown Advisory Inc. acquired a new position in Delphi Technologies in the third quarter valued at about $212,000. Finally, Shelton Capital Management acquired a new position in Delphi Technologies in the third quarter valued at about $214,000. Hedge funds and other institutional investors own 46.27% of the company’s stock.
About Delphi Technologies
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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