Delphi Technologies (NYSE:DLPH) had its target price trimmed by Royal Bank of Canada from $50.00 to $32.00 in a research report released on Monday morning, The Fly reports. The firm currently has an outperform rating on the stock.
A number of other equities research analysts have also issued reports on DLPH. Guggenheim reiterated a buy rating and set a $54.00 target price on shares of Delphi Technologies in a report on Thursday, August 9th. BMO Capital Markets set a $60.00 target price on shares of Delphi Technologies and gave the stock a buy rating in a report on Thursday, August 9th. Morgan Stanley reduced their target price on shares of Delphi Technologies from $55.00 to $52.00 and set a buy rating on the stock in a report on Monday, August 13th. Zacks Investment Research lowered shares of Delphi Technologies from a strong-buy rating to a hold rating and set a $49.00 target price on the stock. in a report on Thursday, July 12th. Finally, Oppenheimer assumed coverage on shares of Delphi Technologies in a report on Thursday, June 14th. They set a market perform rating on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $49.73.
Shares of DLPH stock opened at $26.73 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.18 and a debt-to-equity ratio of 4.68. Delphi Technologies has a one year low of $25.73 and a one year high of $60.39. The company has a market capitalization of $2.78 billion and a PE ratio of 5.19.
In other news, Director Frank J. Dellaquila acquired 750 shares of Delphi Technologies stock in a transaction dated Thursday, August 23rd. The shares were acquired at an average cost of $89.00 per share, for a total transaction of $66,750.00. Following the acquisition, the director now owns 4,818 shares of the company’s stock, valued at $428,802. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Joseph R. Massaro sold 2,800 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $86.24, for a total transaction of $241,472.00. Following the completion of the sale, the chief financial officer now owns 91,734 shares in the company, valued at $7,911,140.16. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Preferred LLC grew its position in shares of Delphi Technologies by 908.1% in the 2nd quarter. Advisors Preferred LLC now owns 2,621 shares of the company’s stock valued at $119,000 after buying an additional 2,361 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in shares of Delphi Technologies in the 1st quarter valued at $197,000. Signition LP purchased a new position in shares of Delphi Technologies in the 2nd quarter valued at $205,000. Itau Unibanco Holding S.A. grew its position in shares of Delphi Technologies by 753.7% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 4,516 shares of the company’s stock valued at $205,000 after buying an additional 3,987 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new position in shares of Delphi Technologies in the 1st quarter valued at $216,000. Institutional investors and hedge funds own 85.51% 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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