UBS Asset Management Americas Inc. lessened its holdings in Delphi Technologies PLC (NYSE:DLPH) by 93.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,442 shares of the company’s stock after selling 1,414,641 shares during the period. UBS Asset Management Americas Inc. owned about 0.11% of Delphi Technologies worth $5,165,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Global X MANAGEMENT CO LLC grew its holdings in shares of Delphi Technologies by 56.2% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,018 shares of the company’s stock worth $199,000 after purchasing an additional 726 shares during the last quarter. Brown Advisory Inc. bought a new stake in Delphi Technologies in the third quarter valued at approximately $212,000. Shelton Capital Management bought a new stake in Delphi Technologies in the third quarter valued at approximately $214,000. Alps Advisors Inc. bought a new stake in Delphi Technologies in the third quarter valued at approximately $236,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Delphi Technologies in the fourth quarter valued at approximately $263,000. Hedge funds and other institutional investors own 86.52% of the company’s stock.
Delphi Technologies PLC (DLPH) opened at $48.83 on Monday. Delphi Technologies PLC has a 12 month low of $38.00 and a 12 month high of $60.39. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.47 and a quick ratio of 1.12.
The firm also recently declared an annual dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, February 5th.
In other news, Director Frank J. Dellaquila bought 500 shares of the stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $86.50 per share, with a total value of $43,250.00. Following the completion of the transaction, the director now directly owns 2,247 shares of the company’s stock, valued at $194,365.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Paja sold 6,287 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $92.08, for a total value of $578,906.96. The disclosure for this sale can be found here.
Several brokerages recently commented on DLPH. BMO Capital Markets reiterated a “buy” rating and issued a $70.00 target price on shares of Delphi Technologies in a report on Tuesday, March 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 target price on shares of Delphi Technologies in a report on Wednesday, February 28th. Robert W. Baird reiterated an “outperform” rating and issued a $67.00 target price (up from $64.00) on shares of Delphi Technologies in a report on Thursday, February 22nd. Deutsche Bank boosted their price target on Delphi Technologies from $56.00 to $59.00 and gave the company a “hold” rating in a research note on Thursday, February 22nd. Finally, Guggenheim reissued a “buy” rating and issued a $65.00 price target on shares of Delphi Technologies in a research note on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.17.
About Delphi Technologies
Delphi Technologies PLC is a develops, designs and manufactures powertrain technologies for original equipment manufacturers (OEMs). The Company’s segments is Products & Service Solutions (PSS). PSS segment sells aftermarket products to independent aftermarket and original equipment service customers.
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