Pinnacle Associates Ltd. trimmed its stake in shares of Delphi Technologies PLC (NYSE:DLPH) by 66.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,422 shares of the company’s stock after selling 40,793 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Delphi Technologies were worth $1,072,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Highstreet Asset Management Inc. bought a new position in Delphi Technologies during the third quarter worth $192,000. Global X MANAGEMENT CO LLC boosted its position in shares of 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 acquiring an additional 726 shares during the period. Brown Advisory Inc. bought a new stake in shares of Delphi Technologies in the third quarter valued at about $212,000. Shelton Capital Management bought a new stake in shares of Delphi Technologies in the third quarter valued at about $214,000. Finally, Alps Advisors Inc. bought a new stake in shares of Delphi Technologies in the third quarter valued at about $236,000. 46.27% of the stock is owned by hedge funds and other institutional investors.
DLPH has been the subject of a number of recent research 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 target price for the company. Guggenheim reissued a “buy” rating and issued a $65.00 target price on shares of Delphi Technologies in a research report on Friday. Deutsche Bank boosted 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 reissued an “outperform” rating and issued a $67.00 target price (up previously from $64.00) on shares of Delphi Technologies in a research report on Thursday, February 22nd.
Shares of Delphi Technologies PLC (NYSE DLPH) opened at $49.30 on Tuesday. The stock has a market cap of $4,370.00 and a PE ratio of 15.36. Delphi Technologies PLC has a 52-week low of $38.00 and a 52-week high of $60.39. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.47 and a quick ratio of 1.12.
Delphi Technologies (NYSE:DLPH) last announced its earnings results on Wednesday, February 21st. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.13. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.19 billion. Delphi Technologies’s revenue was up 12.5% compared to the same quarter last year. sell-side analysts forecast that Delphi Technologies PLC will post 4.79 EPS for the current year.
The business also recently declared an annual dividend, which was paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th were paid a $0.17 dividend. The ex-dividend date was Monday, February 5th. Delphi Technologies’s dividend payout ratio (DPR) is presently 5.30%.
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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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