Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Delphi Technologies PLC (NYSE:DLPH) by 41.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,967 shares of the company’s stock after selling 3,449 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Delphi Technologies were worth $99,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DLPH. Walthausen & Co. LLC acquired a new position in shares of Delphi Technologies in the first quarter worth about $5,052,000. Toronto Dominion Bank acquired a new position in shares of Delphi Technologies in the first quarter worth about $2,928,000. Dimensional Fund Advisors LP boosted its holdings in shares of Delphi Technologies by 11.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 712,912 shares of the company’s stock worth $10,209,000 after buying an additional 73,317 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Delphi Technologies in the first quarter worth about $622,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Delphi Technologies in the first quarter worth about $527,000. Institutional investors own 82.02% of the company’s stock.

DLPH has been the subject of several recent analyst reports. Cowen set a $26.00 target price on shares of Delphi Technologies and gave the stock a “buy” rating in a report on Friday, July 19th. Zacks Investment Research cut shares of Delphi Technologies from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Goldman Sachs Group upgraded shares of Delphi Technologies from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $25.00 to $24.00 in a report on Thursday, June 13th. Morgan Stanley set a $19.00 price target on shares of Delphi Technologies and gave the stock a “hold” rating in a report on Wednesday, June 26th. Finally, Credit Suisse Group started coverage on shares of Delphi Technologies in a report on Wednesday, June 26th. They set a “neutral” rating and a $21.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Delphi Technologies currently has an average rating of “Hold” and a consensus price target of $24.00.

Shares of DLPH stock traded down $0.11 during trading on Thursday, hitting $13.66. 14,730 shares of the company were exchanged, compared to its average volume of 1,400,938. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.93 and a current ratio of 1.35. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 3.13, a P/E/G ratio of 0.60 and a beta of 2.83. The business’s 50-day simple moving average is $16.82 and its 200 day simple moving average is $19.33. Delphi Technologies PLC has a twelve month low of $13.18 and a twelve month high of $39.17.

Delphi Technologies (NYSE:DLPH) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.04). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Delphi Technologies had a net margin of 4.72% and a return on equity of 59.52%. Delphi Technologies’s revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.29 EPS. On average, equities analysts forecast that Delphi Technologies PLC will post 2.71 earnings per share for the current fiscal year.

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

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