Oppenheimer & Co. Inc. decreased its holdings in shares of Delphi Technologies PLC (NYSE:DLPH) by 8.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 11,725 shares of the company’s stock after selling 1,137 shares during the period. Oppenheimer & Co. Inc.’s holdings in Delphi Technologies were worth $235,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Columbus Circle Investors acquired a new position in shares of Delphi Technologies during the second quarter worth about $10,242,000. Ruffer LLP increased its position in shares of Delphi Technologies by 41.5% during the second quarter. Ruffer LLP now owns 1,566,490 shares of the company’s stock worth $31,314,000 after acquiring an additional 459,204 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Delphi Technologies by 619.2% during the second quarter. Panagora Asset Management Inc. now owns 330,925 shares of the company’s stock worth $6,619,000 after acquiring an additional 284,911 shares during the last quarter. Walthausen & Co. LLC purchased a new stake in shares of Delphi Technologies during the first quarter worth about $5,052,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Delphi Technologies by 863.5% during the second quarter. BNP Paribas Arbitrage SA now owns 229,720 shares of the company’s stock worth $4,594,000 after acquiring an additional 205,877 shares during the last quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.
In other news, CAO Allan J. Brazier sold 4,752 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $90.00, for a total value of $427,680.00. Following the transaction, the chief accounting officer now directly owns 21,050 shares of the company’s stock, valued at $1,894,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.21% of the company’s stock.
Delphi Technologies (NYSE:DLPH) last announced its earnings results on Thursday, August 1st. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.04). Delphi Technologies had a net margin of 4.72% and a return on equity of 59.52%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the firm earned $1.29 earnings per share. Delphi Technologies’s revenue for the quarter was down 9.0% compared to the same quarter last year. Research analysts predict that Delphi Technologies PLC will post 2.71 EPS for the current year.
A number of brokerages have recently issued reports on DLPH. Goldman Sachs Group raised Delphi Technologies from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $25.00 to $24.00 in a research report on Thursday, June 13th. Morgan Stanley set a $19.00 target price on Delphi Technologies and gave the stock a “hold” rating in a research report on Wednesday, June 26th. UBS Group dropped their target price on Delphi Technologies from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday. Cowen set a $26.00 target price on Delphi Technologies and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Credit Suisse Group initiated coverage on Delphi Technologies in a report on Wednesday, June 26th. They set a “neutral” rating and a $21.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.64.
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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