Traders Buy High Volume of Call Options on Delphi Technologies (DLPH)

Delphi Technologies PLC (NYSE:DLPH) was the recipient of some unusual options trading on Thursday. Investors purchased 7,396 call options on the company. This is an increase of 1,280% compared to the average volume of 536 call options.

NYSE DLPH opened at $18.26 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 3.40. The stock has a market capitalization of $1.77 billion, a P/E ratio of 4.17, a price-to-earnings-growth ratio of 1.61 and a beta of 2.22. Delphi Technologies has a 1 year low of $13.18 and a 1 year high of $53.78.

Delphi Technologies (NYSE:DLPH) last posted its earnings results on Thursday, February 21st. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.19. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Delphi Technologies had a return on equity of 109.04% and a net margin of 7.37%. Delphi Technologies’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. As a group, analysts anticipate that Delphi Technologies will post 3.11 EPS for the current fiscal year.

DLPH has been the topic of a number of recent research reports. Jefferies Financial Group initiated coverage on Delphi Technologies in a research note on Tuesday, December 4th. They set a “hold” rating and a $19.00 price objective on the stock. Zacks Investment Research raised Delphi Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 5th. KeyCorp initiated coverage on Delphi Technologies in a research note on Monday, December 10th. They set an “underweight” rating and a $13.00 price objective on the stock. Deutsche Bank initiated coverage on Delphi Technologies in a research note on Thursday, December 13th. They set a “hold” rating on the stock. Finally, Barclays set a $20.00 price objective on Delphi Technologies and gave the company a “buy” rating in a research note on Friday, January 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $33.07.

In other news, SVP Majdi Abulaban sold 25,130 shares of the firm’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $2,010,400.00. Following the transaction, the senior vice president now directly owns 183,668 shares of the company’s stock, valued at $14,693,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bell Rock Capital LLC purchased a new stake in Delphi Technologies in the third quarter worth about $122,000. Rehmann Capital Advisory Group lifted its holdings in Delphi Technologies by 4,307.2% in the third quarter. Rehmann Capital Advisory Group now owns 4,892 shares of the company’s stock worth $156,000 after buying an additional 4,781 shares during the period. IFP Advisors Inc lifted its holdings in Delphi Technologies by 3,041.0% in the fourth quarter. IFP Advisors Inc now owns 5,434 shares of the company’s stock worth $78,000 after buying an additional 5,261 shares during the period. Vident Investment Advisory LLC purchased a new stake in Delphi Technologies in the third quarter worth about $260,000. Finally, Cerebellum GP LLC purchased a new stake in Delphi Technologies in the fourth quarter worth about $123,000. 84.64% of the stock is currently owned by institutional investors.

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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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