GSA Capital Partners LLP Invests $1.86 Million in Delphi Technologies PLC (DLPH)
GSA Capital Partners LLP bought a new stake in Delphi Technologies PLC (NYSE:DLPH) in the 2nd quarter, HoldingsChannel reports. The firm bought 40,912 shares of the company’s stock, valued at approximately $1,860,000.
Several other institutional investors also recently modified their holdings of DLPH. Advisors Preferred LLC boosted its holdings 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 in the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Delphi Technologies in the 1st quarter valued at $197,000. Signition LP acquired a new position in shares of Delphi Technologies in the 2nd quarter valued at $205,000. Kendall Capital Management purchased a new stake in Delphi Technologies in the 2nd quarter valued at $214,000. Finally, Brown Advisory Inc. purchased a new stake in Delphi Technologies in the 1st quarter valued at $216,000. Institutional investors and hedge funds own 85.53% of the company’s stock.
DLPH has been the subject of several research reports. Zacks Investment Research downgraded shares of Delphi Technologies from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Oppenheimer upgraded shares of Delphi Technologies from a “market perform” rating to an “outperform” rating and set a $53.00 price target for the company in a research report on Monday, July 23rd. Morgan Stanley upped their price target on shares of Delphi Technologies from $51.00 to $55.00 and gave the company a “hold” rating in a research report on Wednesday, May 23rd. UBS Group upgraded shares of Delphi Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, July 23rd. Finally, BMO Capital Markets set a $60.00 price target on shares of Delphi Technologies and gave the company a “buy” rating in a research report on Thursday, August 9th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.27.
Delphi Technologies (NYSE:DLPH) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.05. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.27 billion. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS. analysts forecast that Delphi Technologies PLC will post 4.8 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Tuesday, August 7th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, August 6th. This represents a $0.68 dividend on an annualized basis and a yield of 1.82%. Delphi Technologies’s payout ratio is currently 13.20%.
In other Delphi Technologies news, SVP Susan M. Suver sold 1,174 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total transaction of $111,530.00. Following the completion of the transaction, the senior vice president now owns 62,268 shares in the company, valued at approximately $5,915,460. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark P. Frissora sold 7,826 shares of the company’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $102.59, for a total transaction of $802,869.34. Following the transaction, the director now owns 1,957 shares of the company’s stock, valued at approximately $200,768.63. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.
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.
Further Reading: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps
Want to see what other hedge funds are holding DLPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delphi Technologies PLC (NYSE:DLPH).
Receive News & Ratings for Delphi Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delphi Technologies and related companies with MarketBeat.com's FREE daily email newsletter.