Bank of New York Mellon Corp Increases Stake in Delphi Technologies PLC (DLPH)
Bank of New York Mellon Corp grew its holdings in Delphi Technologies PLC (NYSE:DLPH) by 77.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,475,749 shares of the company’s stock after buying an additional 1,949,342 shares during the quarter. Bank of New York Mellon Corp owned approximately 5.06% of Delphi Technologies worth $64,094,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Bell Rock Capital LLC acquired a new stake in Delphi Technologies in the third quarter worth about $122,000. Rehmann Capital Advisory Group increased its position in Delphi Technologies by 4,307.2% in the third quarter. Rehmann Capital Advisory Group now owns 4,892 shares of the company’s stock worth $156,000 after purchasing an additional 4,781 shares during the period. IFP Advisors Inc increased its position in Delphi Technologies by 3,041.0% in the fourth quarter. IFP Advisors Inc now owns 5,434 shares of the company’s stock worth $78,000 after purchasing an additional 5,261 shares during the period. Vident Investment Advisory LLC acquired a new stake in Delphi Technologies in the third quarter worth about $260,000. Finally, Cerebellum GP LLC acquired a new stake in Delphi Technologies in the fourth quarter worth about $123,000. Institutional investors own 84.64% of the company’s stock.
In other Delphi Technologies news, SVP Majdi Abulaban sold 25,130 shares of the firm’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $80.00, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available through this link. 0.12% of the stock is currently owned by company insiders.
Delphi Technologies (NYSE:DLPH) last issued its earnings results on Thursday, February 21st. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.19. Delphi Technologies had a return on equity of 109.04% and a net margin of 7.37%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business earned $1.24 earnings per share. The company’s revenue was down 6.9% compared to the same quarter last year. As a group, equities analysts predict that Delphi Technologies PLC will post 3.11 earnings per share for the current year.
DLPH has been the subject of a number of research reports. Zacks Investment Research lowered Delphi Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. KeyCorp initiated coverage on Delphi Technologies in a research report on Monday, December 10th. They issued an “underweight” rating and a $13.00 price objective for the company. BMO Capital Markets lifted their price objective on Delphi Technologies to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 26th. Jefferies Financial Group initiated coverage on Delphi Technologies in a research report on Tuesday, December 4th. They issued a “hold” rating and a $19.00 price objective for the company. Finally, Barclays reiterated a “buy” rating and issued a $25.00 price objective on shares of Delphi Technologies in a research report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Delphi Technologies has an average rating of “Hold” and a consensus price target of $33.07.
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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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