Other research analysts have also recently issued research reports about the stock. BMO Capital Markets set a $60.00 price objective on shares of Delphi Technologies and gave the company a buy rating in a report on Thursday. Zacks Investment Research cut shares of Delphi Technologies from a strong-buy rating to a hold rating and set a $49.00 price objective for the company. in a report on Thursday, July 12th. Morgan Stanley boosted their price objective on shares of Delphi Technologies from $51.00 to $55.00 and gave the company a hold rating in a report on Wednesday, May 23rd. Oppenheimer initiated coverage on shares of Delphi Technologies in a report on Thursday, June 14th. They set a market perform rating for the company. Finally, Robert W. Baird decreased their price objective on shares of Delphi Technologies from $65.00 to $53.00 and set an outperform rating for the company in a report on Thursday. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Delphi Technologies presently has a consensus rating of Buy and an average price target of $55.55.
Shares of NYSE:DLPH traded down $0.82 during trading on Thursday, hitting $40.91. 907,347 shares of the company’s stock were exchanged, compared to its average volume of 852,824. Delphi Technologies has a 1-year low of $38.00 and a 1-year high of $60.39. The company has a current ratio of 1.59, a quick ratio of 1.15 and a debt-to-equity ratio of 4.68.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Tuesday, August 7th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Monday, August 6th. Delphi Technologies’s dividend payout ratio (DPR) is presently 13.20%.
In other news, Director Mark P. Frissora sold 7,826 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $102.59, for a total value of $802,869.34. Following the completion of the transaction, the director now owns 1,957 shares in the company, valued at $200,768.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC boosted its holdings in shares of Delphi Technologies by 908.1% in the second quarter. Advisors Preferred LLC now owns 2,621 shares of the company’s stock valued at $119,000 after buying an additional 2,361 shares during the period. Perigon Wealth Management LLC acquired a new position in shares of Delphi Technologies in the first quarter valued at approximately $197,000. Signition LP acquired a new position in shares of Delphi Technologies in the second quarter valued at approximately $205,000. Brown Advisory Inc. acquired a new position in shares of Delphi Technologies in the first quarter valued at approximately $216,000. Finally, Diamond Hill Capital Management Inc. acquired a new position in shares of Delphi Technologies in the first quarter valued at approximately $218,000. Institutional investors own 83.28% of the company’s stock.
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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