Quantamental Technologies LLC Decreases Holdings in Delphi Technologies PLC (NYSE:DLPH)
Quantamental Technologies LLC reduced its holdings in shares of Delphi Technologies PLC (NYSE:DLPH) by 46.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 4,890 shares of the company’s stock after selling 4,192 shares during the quarter. Quantamental Technologies LLC’s holdings in Delphi Technologies were worth $98,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in DLPH. Dimensional Fund Advisors LP raised its position in shares of Delphi Technologies by 11.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 712,912 shares of the company’s stock worth $10,209,000 after acquiring an additional 73,317 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Delphi Technologies by 66.2% in the first quarter. SG Americas Securities LLC now owns 13,744 shares of the company’s stock valued at $265,000 after purchasing an additional 5,474 shares in the last quarter. Rhumbline Advisers boosted its holdings in Delphi Technologies by 1.9% in the first quarter. Rhumbline Advisers now owns 138,860 shares of the company’s stock valued at $2,674,000 after purchasing an additional 2,623 shares in the last quarter. Texas Permanent School Fund increased its stake in Delphi Technologies by 3.8% in the first quarter. Texas Permanent School Fund now owns 60,085 shares of the company’s stock valued at $1,157,000 after purchasing an additional 2,177 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Delphi Technologies by 8.0% in the first quarter. Gamco Investors INC. ET AL now owns 31,357 shares of the company’s stock valued at $604,000 after purchasing an additional 2,325 shares during the last quarter. Institutional investors and hedge funds own 86.37% of the company’s stock.
In other news, CAO Allan J. Brazier sold 4,752 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $90.00, for a total transaction of $427,680.00. Following the completion of the sale, the chief accounting officer now owns 21,050 shares in the company, valued at $1,894,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.
Delphi Technologies (NYSE:DLPH) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.04). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Delphi Technologies had a return on equity of 59.52% and a net margin of 4.72%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 earnings per share. As a group, equities analysts forecast that Delphi Technologies PLC will post 2.71 EPS for the current fiscal year.
Several brokerages have recently weighed in on DLPH. Credit Suisse Group assumed coverage on shares of Delphi Technologies in a research report on Wednesday, June 26th. They set a “neutral” rating and a $21.00 price objective for the company. Cowen set a $26.00 target price on shares of Delphi Technologies and gave the company a “buy” rating in a research report on Friday, July 19th. Goldman Sachs Group upgraded shares of Delphi Technologies from a “neutral” rating to a “buy” rating and cut their price target for the stock from $25.00 to $24.00 in a research note on Thursday, June 13th. Finally, Morgan Stanley set a $19.00 price target on shares of Delphi Technologies and gave the company a “hold” rating in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Delphi Technologies has a consensus rating of “Hold” and a consensus price target of $24.00.
Delphi Technologies 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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