PHINIA Inc. $PHIN Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd boosted its stake in shares of PHINIA Inc. (NYSE:PHIN) by 8.9% in the second quarter, HoldingsChannel.com reports. The fund owned 124,614 shares of the company’s stock after purchasing an additional 10,220 shares during the period. WINTON GROUP Ltd’s holdings in PHINIA were worth $5,544,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Voss Capital LP raised its position in shares of PHINIA by 45.9% during the 1st quarter. Voss Capital LP now owns 2,067,342 shares of the company’s stock worth $87,717,000 after purchasing an additional 650,261 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of PHINIA by 3.1% during the second quarter. American Century Companies Inc. now owns 1,567,486 shares of the company’s stock valued at $69,737,000 after acquiring an additional 46,919 shares during the last quarter. LSV Asset Management lifted its position in shares of PHINIA by 19.4% in the second quarter. LSV Asset Management now owns 1,199,218 shares of the company’s stock valued at $53,353,000 after acquiring an additional 194,627 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of PHINIA by 6.4% in the first quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock worth $41,462,000 after buying an additional 58,875 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in PHINIA by 1.1% during the 1st quarter. Bridgeway Capital Management LLC now owns 456,832 shares of the company’s stock valued at $19,383,000 after acquiring an additional 4,911 shares in the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.

PHINIA Stock Performance

NYSE PHIN opened at $54.45 on Monday. The stock has a market cap of $2.09 billion, a PE ratio of 24.53, a P/E/G ratio of 0.51 and a beta of 1.43. PHINIA Inc. has a twelve month low of $36.25 and a twelve month high of $59.88. The stock has a fifty day simple moving average of $53.88 and a 200-day simple moving average of $51.76. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61.

PHINIA (NYSE:PHIN) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.42. The business had revenue of $908.00 million for the quarter, compared to the consensus estimate of $861.57 million. PHINIA had a net margin of 2.63% and a return on equity of 11.64%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 EPS. Equities analysts anticipate that PHINIA Inc. will post 4.21 earnings per share for the current year.

PHINIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, November 24th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, November 24th. PHINIA’s dividend payout ratio (DPR) is currently 48.65%.

Analysts Set New Price Targets

PHIN has been the topic of a number of research reports. BNP Paribas raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Bank of America increased their price target on PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. UBS Group reduced their price objective on PHINIA from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Citigroup restated a “neutral” rating on shares of PHINIA in a report on Tuesday, October 14th. Finally, Morgan Stanley raised their target price on PHINIA from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, PHINIA has a consensus rating of “Moderate Buy” and an average price target of $56.43.

Insiders Place Their Bets

In related news, VP Hongyong Yang sold 893 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $52.43, for a total value of $46,819.99. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Samantha Pombier sold 1,940 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $54.14, for a total value of $105,031.60. Following the transaction, the vice president directly owned 8,869 shares in the company, valued at approximately $480,167.66. The trade was a 17.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.00% of the company’s stock.

PHINIA Company Profile

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.