Delphi Technologies (DLPH) Sets New 12-Month Low at $17.18
Delphi Technologies PLC (NYSE:DLPH)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $17.18 and last traded at $17.60, with a volume of 146201 shares. The stock had previously closed at $17.30.
Several equities research analysts recently commented on the company. Bank of America cut Delphi Technologies from a “neutral” rating to an “underperform” rating in a report on Monday, October 1st. Robert W. Baird dropped their target price on Delphi Technologies from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, October 8th. Wells Fargo & Co reissued a “buy” rating on shares of Delphi Technologies in a report on Wednesday, November 7th. Buckingham Research set a $27.00 target price on Delphi Technologies and gave the stock a “hold” rating in a report on Monday, October 8th. Finally, Goldman Sachs Group cut Delphi Technologies from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.50.
The firm has a market capitalization of $1.60 billion and a P/E ratio of 3.34. The company has a quick ratio of 1.11, a current ratio of 1.55 and a debt-to-equity ratio of 4.09.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Tuesday, November 6th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, November 5th. This represents a $0.68 annualized dividend and a dividend yield of 3.95%. Delphi Technologies’s dividend payout ratio is currently 13.20%.
In other news, Director Frank J. Dellaquila acquired 750 shares of the stock in a transaction on Thursday, August 23rd. The shares were purchased at an average cost of $89.00 per share, for a total transaction of $66,750.00. Following the transaction, the director now owns 4,818 shares in the company, valued at approximately $428,802. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Joseph R. Massaro sold 2,800 shares of Delphi Technologies stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $86.24, for a total transaction of $241,472.00. Following the transaction, 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 corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of DLPH. U S Global Investors Inc purchased a new position in shares of Delphi Technologies during the 3rd quarter valued at $882,000. Tower Research Capital LLC TRC grew its holdings in shares of Delphi Technologies by 8,522.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 28,282 shares of the company’s stock valued at $887,000 after acquiring an additional 27,954 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of Delphi Technologies by 21.8% during the 3rd quarter. GSA Capital Partners LLP now owns 49,830 shares of the company’s stock valued at $1,563,000 after acquiring an additional 8,918 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Delphi Technologies by 10.8% during the 3rd quarter. Baird Financial Group Inc. now owns 70,489 shares of the company’s stock valued at $2,204,000 after acquiring an additional 6,865 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Delphi Technologies by 21.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 639,595 shares of the company’s stock valued at $20,059,000 after acquiring an additional 111,016 shares in the last quarter. Hedge funds and other institutional investors own 83.10% of the company’s stock.
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About Delphi Technologies (NYSE:DLPH)
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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