Axa Reduces Holdings in Delphi Technologies PLC (DLPH)
Axa trimmed its position in Delphi Technologies PLC (NYSE:DLPH) by 64.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 242,155 shares of the company’s stock after selling 436,464 shares during the period. Axa’s holdings in Delphi Technologies were worth $12,706,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in DLPH. Water Island Capital LLC bought a new position in shares of Delphi Technologies in the fourth quarter worth about $13,266,000. WINTON GROUP Ltd raised its stake in shares of Delphi Technologies by 28.3% in the fourth quarter. WINTON GROUP Ltd now owns 24,876 shares of the company’s stock worth $1,305,000 after buying an additional 5,494 shares during the period. Logan Capital Management Inc. raised its stake in shares of Delphi Technologies by 54.8% in the fourth quarter. Logan Capital Management Inc. now owns 8,745 shares of the company’s stock worth $459,000 after buying an additional 3,094 shares during the period. Standard Life Aberdeen plc raised its stake in shares of Delphi Technologies by 1,931.6% in the fourth quarter. Standard Life Aberdeen plc now owns 1,422,321 shares of the company’s stock worth $74,629,000 after buying an additional 1,352,310 shares during the period. Finally, American International Group Inc. raised its stake in shares of Delphi Technologies by 93.1% in the fourth quarter. American International Group Inc. now owns 190,215 shares of the company’s stock worth $9,981,000 after buying an additional 91,720 shares during the period. 84.84% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently commented on DLPH shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Delphi Technologies in a research note on Tuesday, March 6th. Guggenheim reissued a “buy” rating and set a $65.00 target price on shares of Delphi Technologies in a research note on Friday, February 23rd. Deutsche Bank lifted their target price on Delphi Technologies from $56.00 to $59.00 and gave the company a “hold” rating in a research note on Thursday, February 22nd. Buckingham Research initiated coverage on Delphi Technologies in a research note on Thursday, February 8th. They set a “neutral” rating and a $58.00 target price on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $60.00 target price on shares of Delphi Technologies in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $63.17.
Delphi Technologies (NYSE:DLPH) last issued its earnings results on Wednesday, February 21st. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.13. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.19 billion. Delphi Technologies’s revenue was up 12.5% on a year-over-year basis. research analysts anticipate that Delphi Technologies PLC will post 4.75 earnings per share for the current year.
The firm also recently announced an annual dividend, which was paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, February 5th.
In other Delphi Technologies news, SVP David Paja sold 6,287 shares of the firm’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 transaction of $578,906.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank J. Dellaquila purchased 500 shares of the business’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $86.50 per share, with a total value of $43,250.00. Following the acquisition, the director now directly owns 2,247 shares in the company, valued at $194,365.50. The disclosure for this purchase can be found here. 0.31% of the stock is currently owned by company insiders.
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Delphi Technologies Profile
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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