BMO Capital Markets set a $60.00 price objective on Delphi Technologies (NYSE:DLPH) in a research note published on Thursday morning, The Fly reports. The firm currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on the company. Cowen started coverage on Delphi Technologies in a research note on Monday, April 16th. They issued an outperform rating and a $64.00 price target on the stock. Morgan Stanley raised their price target on Delphi Technologies from $51.00 to $55.00 and gave the company a hold rating in a research note on Wednesday, May 23rd. Zacks Investment Research cut Delphi Technologies from a hold rating to a sell rating in a research note on Monday, July 30th. Oppenheimer upgraded Delphi Technologies from a market perform rating to an outperform rating and set a $53.00 price target on the stock in a research note on Monday, July 23rd. Finally, UBS Group upgraded Delphi Technologies from a market perform rating to an outperform rating in a research note on Monday, July 23rd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $55.55.
Shares of Delphi Technologies traded down $0.82, hitting $40.91, during mid-day trading on Thursday, according to MarketBeat. The company had a trading volume of 907,347 shares, compared to its average volume of 852,824. The company has a current ratio of 1.59, a quick ratio of 1.15 and a debt-to-equity ratio of 4.68. Delphi Technologies has a 1-year low of $38.00 and a 1-year high of $60.39.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Tuesday, August 7th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, August 6th. Delphi Technologies’s dividend payout ratio (DPR) is currently 13.20%.
In other news, Director Mark P. Frissora sold 7,826 shares of Delphi Technologies stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $102.59, for a total transaction of $802,869.34. Following the sale, the director now owns 1,957 shares in the company, valued at $200,768.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Citigroup Inc. increased its position in shares of Delphi Technologies by 357.8% during the first quarter. Citigroup Inc. now owns 60,154 shares of the company’s stock worth $2,866,000 after purchasing an additional 47,014 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Delphi Technologies during the first quarter worth about $1,253,000. Prudential Financial Inc. increased its position in shares of Delphi Technologies by 38.2% during the first quarter. Prudential Financial Inc. now owns 77,899 shares of the company’s stock worth $3,712,000 after purchasing an additional 21,528 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Delphi Technologies by 28.1% during the first quarter. Wells Fargo & Company MN now owns 266,411 shares of the company’s stock worth $12,695,000 after purchasing an additional 58,497 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Delphi Technologies by 146.9% during the first quarter. Dimensional Fund Advisors LP now owns 474,812 shares of the company’s stock worth $22,625,000 after purchasing an additional 282,515 shares in the last quarter. Institutional investors and hedge funds own 83.28% of the company’s stock.
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.
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