Delphi Technologies PLC (DLPH) Shares Sold by Hallmark Capital Management Inc.

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Hallmark Capital Management Inc. trimmed its holdings in shares of Delphi Technologies PLC (NYSE:DLPH) by 25.8% in the fourth quarter, Holdings Channel reports. The fund owned 37,815 shares of the company’s stock after selling 13,128 shares during the period. Hallmark Capital Management Inc.’s holdings in Delphi Technologies were worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Bell Rock Capital LLC purchased a new stake in Delphi Technologies in the third quarter worth $122,000. Rehmann Capital Advisory Group boosted its holdings in shares of Delphi Technologies by 4,307.2% in the third quarter. Rehmann Capital Advisory Group now owns 4,892 shares of the company’s stock worth $156,000 after acquiring an additional 4,781 shares during the period. IFP Advisors Inc boosted its holdings in shares of Delphi Technologies by 3,041.0% in the fourth quarter. IFP Advisors Inc now owns 5,434 shares of the company’s stock worth $78,000 after acquiring an additional 5,261 shares during the period. Vident Investment Advisory LLC bought a new position in shares of Delphi Technologies in the third quarter worth $260,000. Finally, Cerebellum GP LLC bought a new position in shares of Delphi Technologies in the fourth quarter worth $123,000. 81.58% of the stock is owned by institutional investors.

In related news, SVP Majdi Abulaban sold 25,130 shares of the business’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $2,010,400.00. Following the transaction, the senior vice president now owns 183,668 shares in the company, valued at approximately $14,693,440. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph S. Cantie purchased 9,000 shares of Delphi Technologies stock in a transaction that occurred on Friday, December 7th. The shares were acquired at an average price of $16.51 per share, for a total transaction of $148,590.00. The disclosure for this purchase can be found here. Insiders have acquired 23,810 shares of company stock worth $967,153 in the last 90 days. Company insiders own 0.12% of the company’s stock.

DLPH has been the subject of a number of analyst reports. Royal Bank of Canada lowered Delphi Technologies from an “outperform” rating to a “sector perform” rating and set a $17.00 price target for the company. in a report on Wednesday, January 23rd. Barclays set a $20.00 price objective on Delphi Technologies and gave the company a “buy” rating in a research note on Friday, January 4th. Wells Fargo & Co reissued a “buy” rating on shares of Delphi Technologies in a research note on Wednesday, November 7th. Morgan Stanley set a $19.00 price objective on Delphi Technologies and gave the company a “hold” rating in a research note on Tuesday, January 29th. Finally, Robert W. Baird dropped their price objective on Delphi Technologies from $35.00 to $28.00 and set an “in-line” rating for the company in a research note on Thursday, November 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Delphi Technologies presently has an average rating of “Hold” and a consensus target price of $32.73.

NYSE DLPH opened at $22.58 on Tuesday. Delphi Technologies PLC has a twelve month low of $13.18 and a twelve month high of $53.78. The company has a current ratio of 1.40, a quick ratio of 1.11 and a debt-to-equity ratio of 3.40. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 5.16, a PEG ratio of 4.38 and a beta of 2.01.

Delphi Technologies (NYSE:DLPH) last released its quarterly earnings results on Thursday, February 21st. The company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.19. Delphi Technologies had a return on equity of 109.04% and a net margin of 7.37%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business posted $1.24 earnings per share. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, analysts predict that Delphi Technologies PLC will post 3.11 EPS for the current fiscal year.

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About Delphi Technologies

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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Institutional Ownership by Quarter for Delphi Technologies (NYSE:DLPH)

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