Bank of New York Mellon Corp raised its position in Delphi Technologies PLC (NYSE:DLPH) by 30.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,997,567 shares of the company’s stock after purchasing an additional 943,977 shares during the period. Bank of New York Mellon Corp owned 4.50% of Delphi Technologies worth $181,729,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in DLPH. Artisan Partners Limited Partnership increased its position in shares of Delphi Technologies by 50.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,301,033 shares of the company’s stock valued at $195,525,000 after purchasing an additional 1,444,000 shares during the last quarter. Millennium Management LLC increased its position in shares of Delphi Technologies by 66.1% in the 2nd quarter. Millennium Management LLC now owns 1,115,230 shares of the company’s stock valued at $50,698,000 after purchasing an additional 443,654 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Delphi Technologies by 146.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 474,812 shares of the company’s stock valued at $22,625,000 after purchasing an additional 282,515 shares during the last quarter. Standard Life Aberdeen plc increased its position in shares of Delphi Technologies by 13.7% in the 2nd quarter. Standard Life Aberdeen plc now owns 2,313,870 shares of the company’s stock valued at $105,154,000 after purchasing an additional 279,201 shares during the last quarter. Finally, Federated Investors Inc. PA grew its position in shares of Delphi Technologies by 551.3% in the 2nd quarter. Federated Investors Inc. PA now owns 223,752 shares of the company’s stock valued at $10,172,000 after buying an additional 189,395 shares during the last quarter. 82.94% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on the stock. Oppenheimer raised shares of Delphi Technologies from a “market perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a research report on Monday, July 23rd. Robert W. Baird dropped their target price on shares of Delphi Technologies from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, October 8th. Zacks Investment Research downgraded shares of Delphi Technologies from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Bank of America raised shares of Delphi Technologies from an “underperform” rating to a “neutral” rating and set a $36.00 target price on the stock in a research report on Tuesday, October 23rd. Finally, Wolfe Research assumed coverage on shares of Delphi Technologies in a research report on Tuesday, October 2nd. They issued a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $45.00.
Delphi Technologies (NYSE:DLPH) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.05. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.27 billion. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 EPS. On average, research analysts forecast that Delphi Technologies PLC will post 4.33 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Tuesday, November 6th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Monday, November 5th. Delphi Technologies’s dividend payout ratio is currently 13.20%.
In related news, SVP Susan M. Suver sold 1,174 shares of the 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 sale, the senior vice president now owns 62,268 shares in the company, valued at approximately $5,915,460. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frank J. Dellaquila purchased 750 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were acquired at an average price of $89.00 per share, with a total value of $66,750.00. Following the purchase, the director now owns 4,818 shares in the company, valued at $428,802. The disclosure for this purchase can be found here. 0.12% of the stock is owned by corporate insiders.
Delphi Technologies 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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