Bank of Montreal Can Reduces Position in Delphi Technologies PLC (NYSE:DLPH)

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Bank of Montreal Can reduced its stake in shares of Delphi Technologies PLC (NYSE:DLPH) by 53.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 96,104 shares of the company’s stock after selling 108,594 shares during the period. Bank of Montreal Can owned 0.11% of Delphi Technologies worth $1,851,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DLPH. IFP Advisors Inc boosted its position in shares of Delphi Technologies by 3,041.0% during the 4th quarter. IFP Advisors Inc now owns 5,434 shares of the company’s stock worth $78,000 after purchasing an additional 5,261 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Delphi Technologies by 73.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,777 shares of the company’s stock worth $455,000 after buying an additional 13,500 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Delphi Technologies in the 4th quarter worth about $223,000. KBC Group NV boosted its position in shares of Delphi Technologies by 42.1% in the 4th quarter. KBC Group NV now owns 25,914 shares of the company’s stock worth $371,000 after buying an additional 7,681 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Delphi Technologies by 59.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 17,103 shares of the company’s stock worth $245,000 after buying an additional 6,400 shares in the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE DLPH traded up $0.13 on Tuesday, reaching $18.56. 1,200,080 shares of the company traded hands, compared to its average volume of 1,376,784. Delphi Technologies PLC has a fifty-two week low of $13.18 and a fifty-two week high of $53.62. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.40 and a quick ratio of 0.99. The company has a market cap of $1.53 billion, a P/E ratio of 4.24, a P/E/G ratio of 0.61 and a beta of 2.51.

Delphi Technologies (NYSE:DLPH) last issued its earnings results on Thursday, May 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.14. Delphi Technologies had a return on equity of 81.93% and a net margin of 5.86%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business earned $1.30 EPS. The company’s revenue for the quarter was down 11.2% on a year-over-year basis. As a group, equities research analysts anticipate that Delphi Technologies PLC will post 3.17 EPS for the current year.

In other news, SVP David M. Sherbin sold 19,689 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $86.79, for a total transaction of $1,708,808.31. Following the completion of the sale, the senior vice president now owns 90,540 shares in the company, valued at approximately $7,857,966.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by insiders.

Several equities research analysts recently commented on DLPH shares. Seaport Global Securities started coverage on shares of Delphi Technologies in a research report on Wednesday, February 13th. They issued a “neutral” rating on the stock. Buckingham Research upgraded shares of Delphi Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $30.00 in a research report on Friday, February 22nd. 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. BMO Capital Markets boosted their price objective on shares of Delphi Technologies to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 26th. Finally, Morgan Stanley set a $21.00 target price on shares of Delphi Technologies and gave the company a “hold” rating in a research note on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Delphi Technologies presently has an average rating of “Hold” and a consensus price target of $30.57.

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

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