Delphi Technologies (NYSE:DLPH) Shares Gap Down to $12.17
Delphi Technologies PLC (NYSE:DLPH)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $11.97, but opened at $12.17. Delphi Technologies shares last traded at $12.61, with a volume of 2,244,028 shares trading hands.
A number of research firms have issued reports on DLPH. UBS Group cut their price target on Delphi Technologies from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Cowen set a $26.00 price target on Delphi Technologies and gave the company a “buy” rating in a research note on Friday, July 19th. ValuEngine upgraded Delphi Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley set a $19.00 price objective on Delphi Technologies and gave the company a “hold” rating in a research note on Wednesday, June 26th. Finally, Credit Suisse Group assumed coverage on Delphi Technologies in a research note on Wednesday, June 26th. They set a “neutral” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $23.64.
The company has a fifty day moving average of $14.06 and a two-hundred day moving average of $17.98. The company has a market cap of $1.07 billion, a PE ratio of 2.88, a price-to-earnings-growth ratio of 0.51 and a beta of 2.94. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.93 and a current ratio of 1.35.
In related news, CFO Joseph R. Massaro sold 2,800 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $89.56, for a total transaction of $250,768.00. Following the sale, the chief financial officer now owns 118,335 shares in the company, valued at approximately $10,598,082.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Allan J. Brazier sold 4,752 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $90.00, for a total value of $427,680.00. Following the sale, the chief accounting officer now owns 21,050 shares in the company, valued at approximately $1,894,500. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Weaver Consulting Group bought a new position in Delphi Technologies in the 1st quarter valued at $28,000. Price Wealth Management Inc. bought a new position in Delphi Technologies in the 2nd quarter valued at $38,000. Nomura Asset Management Co. Ltd. bought a new position in Delphi Technologies in the 2nd quarter valued at $47,000. O Shaughnessy Asset Management LLC bought a new position in Delphi Technologies in the 1st quarter valued at $84,000. Finally, US Bancorp DE grew its position in Delphi Technologies by 32.7% in the 2nd quarter. US Bancorp DE now owns 4,847 shares of the company’s stock valued at $97,000 after acquiring an additional 1,195 shares during the last quarter. 86.28% of the stock is currently owned by institutional investors.
Delphi Technologies Company Profile (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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