Delphi Technologies (DLPH) PT Lowered to $57.00 at Barclays
A number of other equities analysts also recently weighed in on DLPH. Oppenheimer raised shares of Delphi Technologies from a market perform rating to an outperform rating and set a $53.00 target price for the company in a research note on Monday, July 23rd. Zacks Investment Research downgraded shares of Delphi Technologies from a hold rating to a sell rating in a research note on Monday, July 30th. Robert W. Baird dropped their target price on shares of Delphi Technologies from $65.00 to $53.00 and set an outperform rating for the company in a research note on Thursday. Morgan Stanley boosted their target price on shares of Delphi Technologies from $51.00 to $55.00 and gave the stock a hold rating in a research note on Wednesday, May 23rd. Finally, Cowen initiated coverage on shares of Delphi Technologies in a research note on Monday, April 16th. They issued an outperform rating and a $64.00 target price for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Delphi Technologies currently has a consensus rating of Buy and a consensus price target of $55.55.
Delphi Technologies traded down $0.82, hitting $40.91, during trading on Thursday, MarketBeat reports. 907,347 shares of the stock traded hands, compared to its average volume of 852,824. Delphi Technologies has a one year low of $38.00 and a one year high of $60.39. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.59 and a quick ratio of 1.15.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Tuesday, August 7th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Monday, August 6th. Delphi Technologies’s dividend payout ratio is presently 13.20%.
In other news, Director Mark P. Frissora sold 7,826 shares of Delphi Technologies stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $102.59, for a total transaction of $802,869.34. Following the completion of the sale, the director now owns 1,957 shares in the company, valued at approximately $200,768.63. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.12% of the company’s stock.
Several large investors have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Delphi Technologies by 1.5% during the 1st quarter. BlackRock Inc. now owns 7,844,033 shares of the company’s stock worth $373,768,000 after buying an additional 114,566 shares during the period. Artisan Partners Limited Partnership grew its position in shares of Delphi Technologies by 50.5% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,301,033 shares of the company’s stock worth $195,525,000 after buying an additional 1,444,000 shares during the period. Bank of New York Mellon Corp grew its position in shares of Delphi Technologies by 30.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,997,567 shares of the company’s stock worth $181,729,000 after buying an additional 943,977 shares during the period. Standard Life Aberdeen plc grew its position in shares of Delphi Technologies by 13.7% during the 2nd quarter. Standard Life Aberdeen plc now owns 2,313,870 shares of the company’s stock worth $105,154,000 after buying an additional 279,201 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Delphi Technologies by 6.9% during the 2nd quarter. Janus Henderson Group PLC now owns 1,860,875 shares of the company’s stock worth $84,595,000 after buying an additional 119,963 shares during the period. 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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