Delphi Technologies PLC (NYSE:DLPH) Short Interest Update
Delphi Technologies PLC (NYSE:DLPH) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 6,350,000 shares, a drop of 15.8% from the December 15th total of 7,540,000 shares. Approximately 7.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is presently 5.5 days.
A number of research analysts have commented on DLPH shares. Barclays downgraded Delphi Technologies from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $23.00 to $13.00 in a report on Monday, November 4th. Deutsche Bank downgraded Delphi Technologies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $14.00 to $11.00 in a report on Tuesday. Guggenheim started coverage on Delphi Technologies in a report on Tuesday, October 15th. They set a “neutral” rating on the stock. ValuEngine raised Delphi Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $15.00 target price on shares of Delphi Technologies in a report on Sunday, December 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.15.
Shares of NYSE DLPH traded up $0.08 during mid-day trading on Tuesday, hitting $11.28. The company had a trading volume of 1,203,392 shares, compared to its average volume of 926,011. The stock has a market cap of $976.91 million, a price-to-earnings ratio of 2.58, a PEG ratio of 0.60 and a beta of 2.91. Delphi Technologies has a 12 month low of $10.85 and a 12 month high of $26.82. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.35 and a quick ratio of 0.93. The firm’s 50 day simple moving average is $12.66 and its two-hundred day simple moving average is $14.33.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its holdings in shares of Delphi Technologies by 22.1% in the 2nd quarter. Invesco Ltd. now owns 11,343,333 shares of the company’s stock worth $226,867,000 after purchasing an additional 2,054,349 shares during the last quarter. Millennium Management LLC increased its position in Delphi Technologies by 220.2% in the 3rd quarter. Millennium Management LLC now owns 1,823,951 shares of the company’s stock valued at $24,440,000 after acquiring an additional 1,254,353 shares during the period. Nuveen Asset Management LLC acquired a new stake in Delphi Technologies in the 2nd quarter valued at approximately $32,863,000. Charles Schwab Investment Management Inc. increased its position in Delphi Technologies by 5.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,177,237 shares of the company’s stock valued at $23,545,000 after acquiring an additional 62,045 shares during the period. Finally, AQR Capital Management LLC increased its position in Delphi Technologies by 3,422.0% in the 2nd quarter. AQR Capital Management LLC now owns 636,745 shares of the company’s stock valued at $12,639,000 after acquiring an additional 618,666 shares during the period. 87.46% of the stock is currently owned by institutional investors and hedge funds.
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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