Delphi Technologies PLC (DLPH) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its stake in Delphi Technologies PLC (NYSE:DLPH) by 8,522.6% in the 3rd quarter, Holdings Channel reports. The firm owned 28,282 shares of the company’s stock after acquiring an additional 27,954 shares during the period. Tower Research Capital LLC TRC’s holdings in Delphi Technologies were worth $887,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Advisors Preferred LLC increased its holdings in Delphi Technologies by 908.1% in the 2nd quarter. Advisors Preferred LLC now owns 2,621 shares of the company’s stock worth $119,000 after buying an additional 2,361 shares during the period. Signition LP acquired a new position in Delphi Technologies in the 2nd quarter worth approximately $205,000. Itau Unibanco Holding S.A. increased its holdings in Delphi Technologies by 753.7% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 4,516 shares of the company’s stock worth $205,000 after buying an additional 3,987 shares during the period. Gideon Capital Advisors Inc. acquired a new position in Delphi Technologies in the 2nd quarter worth approximately $230,000. Finally, Perigon Wealth Management LLC increased its holdings in Delphi Technologies by 55.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 6,429 shares of the company’s stock worth $292,000 after buying an additional 2,299 shares during the period. 88.33% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Joseph R. Massaro sold 2,800 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $86.24, for a total transaction of $241,472.00. Following the transaction, the chief financial officer now owns 91,734 shares in the company, valued at approximately $7,911,140.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robin J. Adams bought 5,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were acquired at an average price of $16.79 per share, for a total transaction of $83,950.00. The disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.

Several brokerages recently weighed in on DLPH. Robert W. Baird cut their price target on shares of Delphi Technologies from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, October 8th. Wells Fargo & Co cut their price target on shares of Delphi Technologies from $33.00 to $29.00 and set an “outperform” rating on the stock in a report on Thursday, November 8th. Bank of America upgraded shares of Delphi Technologies from an “underperform” rating to a “neutral” rating and set a $36.00 price target on the stock in a report on Tuesday, October 23rd. Wolfe Research began coverage on shares of Delphi Technologies in a report on Tuesday, October 2nd. They issued a “peer perform” rating on the stock. Finally, Morgan Stanley downgraded shares of Delphi Technologies from an “overweight” rating to an “equal weight” rating and set a $30.00 price target on the stock. in a report on Monday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.60.

Shares of NYSE DLPH opened at $17.42 on Tuesday. The company has a market cap of $1.51 billion and a PE ratio of 3.38. Delphi Technologies PLC has a 12 month low of $16.13 and a 12 month high of $60.39. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.11 and a current ratio of 1.55.

Delphi Technologies (NYSE:DLPH) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Delphi Technologies had a return on equity of 132.68% and a net margin of 5.61%. Delphi Technologies’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 EPS. As a group, analysts forecast that Delphi Technologies PLC will post 4.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Tuesday, November 6th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, November 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.90%. Delphi Technologies’s payout ratio is 13.20%.

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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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