Tidal Investments LLC acquired a new position in shares of PHINIA Inc. (NYSE:PHIN - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,442 shares of the company's stock, valued at approximately $527,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PHINIA during the 2nd quarter valued at approximately $49,000. GAMMA Investing LLC increased its position in PHINIA by 23.9% during the third quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock valued at $65,000 after acquiring an additional 271 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of PHINIA in the second quarter valued at $66,000. KBC Group NV lifted its holdings in shares of PHINIA by 49.4% in the 3rd quarter. KBC Group NV now owns 1,495 shares of the company's stock worth $69,000 after acquiring an additional 494 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of PHINIA during the 2nd quarter worth about $76,000. 90.94% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on PHIN shares. UBS Group began coverage on PHINIA in a report on Wednesday, September 4th. They issued a "buy" rating and a $55.00 price target on the stock. Morgan Stanley downgraded PHINIA from an "overweight" rating to an "equal weight" rating and set a $50.00 target price for the company. in a research report on Wednesday, September 25th.
Check Out Our Latest Stock Report on PHIN
Shares of NYSE:PHIN opened at $47.10 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.46 and a current ratio of 1.93. The firm has a market cap of $1.98 billion, a PE ratio of 20.21 and a beta of 1.10. The firm's 50 day simple moving average is $50.42 and its 200-day simple moving average is $46.43. PHINIA Inc. has a one year low of $27.86 and a one year high of $57.23.
PHINIA (NYSE:PHIN - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.38. PHINIA had a return on equity of 9.79% and a net margin of 3.10%. The business had revenue of $839.00 million during the quarter, compared to analyst estimates of $829.82 million. During the same period in the previous year, the company posted $0.53 EPS. PHINIA's revenue was down 6.4% on a year-over-year basis. As a group, equities analysts predict that PHINIA Inc. will post 3.44 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Monday, November 25th. PHINIA's dividend payout ratio (DPR) is 42.92%.
PHINIA Inc engages in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion for commercial and light vehicles, and industrial applications. The company operates through Fuel Systems and Aftermarket segments.
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