Delphi Technologies PLC (NYSE:DLPH) Holdings Decreased by Cerebellum GP LLC

Cerebellum GP LLC decreased its holdings in Delphi Technologies PLC (NYSE:DLPH) by 41.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,079 shares of the company’s stock after selling 3,533 shares during the period. Cerebellum GP LLC’s holdings in Delphi Technologies were worth $98,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in shares of Delphi Technologies by 77.2% in the 4th quarter. Bank of New York Mellon Corp now owns 4,475,749 shares of the company’s stock valued at $64,094,000 after purchasing an additional 1,949,342 shares during the period. Norges Bank acquired a new position in shares of Delphi Technologies in the 4th quarter valued at about $27,023,000. American Century Companies Inc. increased its position in Delphi Technologies by 140.4% in the 4th quarter. American Century Companies Inc. now owns 1,588,275 shares of the company’s stock valued at $22,744,000 after buying an additional 927,649 shares in the last quarter. Two Sigma Investments LP increased its position in Delphi Technologies by 1,073.2% in the 4th quarter. Two Sigma Investments LP now owns 1,467,890 shares of the company’s stock valued at $21,020,000 after buying an additional 1,342,773 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Delphi Technologies by 50.7% during the 4th quarter. Millennium Management LLC now owns 1,302,377 shares of the company’s stock worth $18,650,000 after purchasing an additional 438,315 shares in the last quarter. 84.43% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on the company. Bank of America set a $144.00 target price on Walt Disney and gave the company a “buy” rating in a report on Friday, April 12th. KeyCorp upgraded Delphi Technologies from an “underweight” rating to a “sector weight” rating and set a $19.02 price objective on the stock in a research note on Monday, March 18th. Goldman Sachs Group set a $13.00 target price on Ford Motor and gave the stock a “buy” rating in a research report on Thursday, June 13th. Zacks Investment Research raised Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Monday, April 29th. Finally, Credit Suisse Group started coverage on shares of Magna International in a report on Wednesday, June 26th. They set a “neutral” rating and a $55.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. Delphi Technologies has an average rating of “Hold” and an average price target of $28.00.

NYSE DLPH traded up $0.42 on Friday, hitting $17.11. 1,010,081 shares of the stock were exchanged, compared to its average volume of 1,033,468. The firm has a 50-day simple moving average of $17.84. Delphi Technologies PLC has a fifty-two week low of $13.18 and a fifty-two week high of $46.45. The firm has a market cap of $1.50 billion, a P/E ratio of 3.91, a PEG ratio of 0.59 and a beta of 2.83. The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 2.98.

Delphi Technologies (NYSE:DLPH) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.53 by $0.14. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Delphi Technologies had a net margin of 5.86% and a return on equity of 81.93%. Delphi Technologies’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 EPS. Analysts forecast that Delphi Technologies PLC will post 3.16 EPS for the current fiscal year.

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

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