Alberta Investment Management Corp Purchases 100,000 Shares of Delphi Technologies PLC (NYSE:DLPH)

Alberta Investment Management Corp increased its position in Delphi Technologies PLC (NYSE:DLPH) by 25.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 500,000 shares of the company’s stock after buying an additional 100,000 shares during the period. Alberta Investment Management Corp owned about 0.58% of Delphi Technologies worth $6,415,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of DLPH. Tower Research Capital LLC TRC boosted its holdings in Delphi Technologies by 512.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,204 shares of the company’s stock worth $67,000 after buying an additional 4,354 shares during the period. NumerixS Investment Technologies Inc boosted its holdings in shares of Delphi Technologies by 40.8% during the 4th quarter. NumerixS Investment Technologies Inc now owns 7,464 shares of the company’s stock valued at $96,000 after purchasing an additional 2,164 shares during the last quarter. Sciencast Management LP bought a new position in shares of Delphi Technologies during the 4th quarter valued at about $153,000. Partner Investment Management L.P. bought a new position in shares of Delphi Technologies during the 3rd quarter valued at about $190,000. Finally, Virtu Financial LLC bought a new position in shares of Delphi Technologies during the 3rd quarter valued at about $193,000. 97.10% of the stock is owned by institutional investors.

Shares of NYSE:DLPH opened at $9.85 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.98 and a debt-to-equity ratio of 3.20. Delphi Technologies PLC has a 12 month low of $5.39 and a 12 month high of $26.82. The company has a 50-day moving average price of $12.84 and a 200 day moving average price of $13.06. The company has a market cap of $768.61 million, a price-to-earnings ratio of 51.84, a PEG ratio of 0.41 and a beta of 2.46.

Delphi Technologies (NYSE:DLPH) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.11. Delphi Technologies had a net margin of 0.39% and a return on equity of 43.64%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. As a group, equities analysts forecast that Delphi Technologies PLC will post 1.99 EPS for the current year.

DLPH has been the subject of several research reports. Cowen downgraded shares of Delphi Technologies from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $18.00 to $17.00 in a report on Wednesday, January 29th. Deutsche Bank downgraded shares of Delphi Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $14.00 to $11.00 in a report on Tuesday, January 14th. ValuEngine raised shares of Delphi Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Royal Bank of Canada reissued a “hold” rating and set a $12.00 price objective on shares of Delphi Technologies in a report on Wednesday, March 18th. Finally, Morgan Stanley dropped their price objective on shares of Delphi Technologies from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, March 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.80.

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

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