Delphi Technologies PLC (DLPH) Holdings Increased by Cubist Systematic Strategies LLC

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Cubist Systematic Strategies LLC grew its holdings in Delphi Technologies PLC (NYSE:DLPH) by 354.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,708 shares of the company’s stock after acquiring an additional 16,926 shares during the period. Cubist Systematic Strategies LLC’s holdings in Delphi Technologies were worth $987,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. purchased a new stake in Delphi Technologies during the 2nd quarter worth $859,000. Bank of America Corp DE increased its stake in Delphi Technologies by 9.3% during the 2nd quarter. Bank of America Corp DE now owns 801,008 shares of the company’s stock worth $36,414,000 after buying an additional 68,410 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Delphi Technologies during the 2nd quarter worth $410,000. Raymond James & Associates increased its stake in Delphi Technologies by 35.3% during the 2nd quarter. Raymond James & Associates now owns 121,355 shares of the company’s stock worth $5,517,000 after buying an additional 31,685 shares during the period. Finally, AMP Capital Investors Ltd increased its stake in Delphi Technologies by 4.0% during the 2nd quarter. AMP Capital Investors Ltd now owns 38,082 shares of the company’s stock worth $1,731,000 after buying an additional 1,450 shares during the period. 85.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE DLPH traded down $0.19 during midday trading on Friday, hitting $23.34. The company’s stock had a trading volume of 1,695,686 shares, compared to its average volume of 993,167. Delphi Technologies PLC has a 1-year low of $23.00 and a 1-year high of $60.39. 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 firm has a market capitalization of $2.78 billion and a PE ratio of 4.53.

Delphi Technologies (NYSE:DLPH) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.05. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm posted $1.35 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that Delphi Technologies PLC will post 4.79 earnings per share for the current year.

Several equities research analysts recently issued reports on DLPH shares. Bank of America downgraded shares of Delphi Technologies from a “neutral” rating to an “underperform” rating in a research note on Monday, October 1st. Buckingham Research dropped their target price on shares of Delphi Technologies from $48.00 to $33.00 and set a “neutral” rating for the company in a research report on Wednesday, October 3rd. Barclays dropped their target price on shares of Delphi Technologies from $62.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, August 9th. Morgan Stanley dropped their target price on shares of Delphi Technologies from $55.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, August 13th. Finally, Oppenheimer dropped their target price on shares of Delphi Technologies from $53.00 to $52.00 and set an “outperform” rating for the company in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $47.58.

In other news, CFO Joseph R. Massaro sold 2,800 shares of Delphi Technologies stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $86.24, for a total value of $241,472.00. Following the completion of the transaction, the chief financial officer now directly owns 91,734 shares of the company’s stock, valued at approximately $7,911,140.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Susan M. Suver sold 1,174 shares of the business’s stock in a transaction dated 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 directly owns 62,268 shares of the company’s stock, valued at $5,915,460. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

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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Institutional Ownership by Quarter for Delphi Technologies (NYSE:DLPH)

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