Delphi Technologies (DLPH) Upgraded to “Buy” by Bank of America
Bank of America upgraded shares of Delphi Technologies (NYSE:DLPH) from a neutral rating to a buy rating in a research note released on Friday morning, Benzinga reports. Bank of America currently has $24.95 price objective on the stock.
Several other analysts also recently weighed in on DLPH. Deutsche Bank started coverage on Delphi Technologies in a research note on Thursday, December 13th. They set a hold rating on the stock. Zacks Investment Research downgraded Delphi Technologies from a hold rating to a strong sell rating in a research note on Thursday, January 3rd. Barclays set a $20.00 target price on Delphi Technologies and gave the company a buy rating in a research note on Friday, January 4th. Royal Bank of Canada downgraded Delphi Technologies from an outperform rating to a sector perform rating and set a $17.00 target price on the stock. in a research note on Wednesday, January 23rd. Finally, Morgan Stanley set a $19.00 target price on Delphi Technologies and gave the company a hold rating in a research note on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $32.73.
Shares of NYSE DLPH opened at $25.26 on Friday. The company has a market capitalization of $2.24 billion, a P/E ratio of 5.77, a P/E/G ratio of 0.79 and a beta of 2.17. Delphi Technologies has a 12-month low of $13.18 and a 12-month high of $53.78. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.02 and a current ratio of 1.40.
In other news, SVP David M. Sherbin sold 19,689 shares of Delphi Technologies stock in a transaction on Friday, April 5th. The stock was sold at an average price of $86.79, for a total transaction of $1,708,808.31. Following the transaction, the senior vice president now directly owns 90,540 shares in the company, valued at approximately $7,857,966.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Majdi Abulaban sold 25,130 shares of Delphi Technologies stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $80.00, for a total value of $2,010,400.00. Following the transaction, the senior vice president now owns 183,668 shares in the company, valued at $14,693,440. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of DLPH. Dimensional Fund Advisors LP grew its holdings in shares of Delphi Technologies by 21.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 639,595 shares of the company’s stock worth $20,059,000 after acquiring an additional 111,016 shares during the last quarter. Vident Investment Advisory LLC acquired a new position in shares of Delphi Technologies in the 3rd quarter worth $260,000. Point72 Asset Management L.P. grew its holdings in shares of Delphi Technologies by 110.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 39,700 shares of the company’s stock worth $1,245,000 after acquiring an additional 20,800 shares during the last quarter. Putnam Investments LLC grew its holdings in shares of Delphi Technologies by 0.7% in the 3rd quarter. Putnam Investments LLC now owns 465,925 shares of the company’s stock worth $14,611,000 after acquiring an additional 3,243 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Delphi Technologies by 148.9% in the 3rd quarter. AQR Capital Management LLC now owns 390,643 shares of the company’s stock worth $12,251,000 after acquiring an additional 233,690 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.
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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