Brown Advisory Inc. Boosts Holdings in Delphi Technologies PLC (DLPH)
Brown Advisory Inc. raised its stake in Delphi Technologies PLC (NYSE:DLPH) by 972.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 48,609 shares of the company’s stock after buying an additional 44,077 shares during the quarter. Brown Advisory Inc.’s holdings in Delphi Technologies were worth $2,210,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of DLPH. Advisors Preferred LLC grew its position in shares of Delphi Technologies by 908.1% during the 2nd quarter. Advisors Preferred LLC now owns 2,621 shares of the company’s stock worth $119,000 after buying an additional 2,361 shares during the period. Perigon Wealth Management LLC acquired a new stake in shares of Delphi Technologies during the 1st quarter worth approximately $197,000. Signition LP acquired a new stake in shares of Delphi Technologies during the 2nd quarter worth approximately $205,000. Kendall Capital Management acquired a new stake in shares of Delphi Technologies during the 2nd quarter worth approximately $214,000. Finally, Gideon Capital Advisors Inc. acquired a new stake in shares of Delphi Technologies during the 2nd quarter worth approximately $230,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.
Delphi Technologies stock opened at $33.92 on Friday. Delphi Technologies PLC has a fifty-two week low of $33.26 and a fifty-two week high of $60.39. The company has a market cap of $3.06 billion and a P/E ratio of 6.59. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.18 and a current ratio of 1.59.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Tuesday, August 7th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.00%. The ex-dividend date was Monday, August 6th. Delphi Technologies’s payout ratio is 13.20%.
In related news, SVP Susan M. Suver sold 1,174 shares of Delphi Technologies stock in a transaction that occurred 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 transaction, the senior vice president now owns 62,268 shares of the company’s stock, valued at approximately $5,915,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank J. Dellaquila acquired 750 shares of Delphi Technologies stock in a transaction that occurred 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 purchase, the director now directly 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 company insiders.
Several brokerages have recently commented on DLPH. Morgan Stanley lifted their price target on shares of Delphi Technologies from $51.00 to $55.00 and gave the stock a “hold” rating in a research report on Wednesday, May 23rd. Oppenheimer began coverage on shares of Delphi Technologies in a research report on Thursday, June 14th. They set a “market perform” rating for the company. Zacks Investment Research cut shares of Delphi Technologies from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. 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, Robert W. Baird lowered their price target on shares of Delphi Technologies from $65.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, August 9th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $55.27.
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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