PHINIA Inc. $PHIN Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its holdings in PHINIA Inc. (NYSE:PHIN) by 73.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,381 shares of the company’s stock after selling 63,742 shares during the period. Y Intercept Hong Kong Ltd owned 0.06% of PHINIA worth $1,344,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PHIN. Envestnet Asset Management Inc. grew its holdings in PHINIA by 2.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,913 shares of the company’s stock valued at $441,000 after buying an additional 212 shares during the period. California State Teachers Retirement System grew its holdings in PHINIA by 0.8% in the second quarter. California State Teachers Retirement System now owns 40,101 shares of the company’s stock valued at $1,784,000 after purchasing an additional 327 shares during the period. SkyView Investment Advisors LLC increased its position in PHINIA by 2.6% during the second quarter. SkyView Investment Advisors LLC now owns 15,523 shares of the company’s stock worth $692,000 after purchasing an additional 387 shares during the last quarter. Neuberger Berman Group LLC raised its stake in PHINIA by 6.7% during the second quarter. Neuberger Berman Group LLC now owns 6,221 shares of the company’s stock worth $277,000 after purchasing an additional 390 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of PHINIA by 4.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,220 shares of the company’s stock valued at $455,000 after purchasing an additional 453 shares during the last quarter. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PHINIA

In other PHINIA news, VP Samantha Pombier sold 1,940 shares of PHINIA stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $54.14, for a total transaction of $105,031.60. Following the sale, the vice president directly owned 8,869 shares in the company, valued at $480,167.66. The trade was a 17.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Hongyong Yang sold 893 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $52.43, for a total value of $46,819.99. The SEC filing for this sale provides additional information. 2.00% of the stock is currently owned by insiders.

PHINIA Stock Performance

Shares of NYSE:PHIN opened at $71.25 on Friday. The company has a market cap of $2.74 billion, a P/E ratio of 32.09 and a beta of 1.37. The business’s 50-day simple moving average is $62.44 and its 200 day simple moving average is $57.23. PHINIA Inc. has a one year low of $36.25 and a one year high of $72.04. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.72.

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

PHINIA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.30 per share. This is a boost from PHINIA’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, March 6th. PHINIA’s payout ratio is 48.65%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group upped their price objective on PHINIA from $59.00 to $71.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. BNP Paribas Exane upgraded PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 price target for the company in a research note on Monday, November 3rd. Citigroup reaffirmed a “neutral” rating on shares of PHINIA in a research note on Tuesday, October 14th. Zacks Research upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PHINIA in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, PHINIA presently has an average rating of “Moderate Buy” and an average price target of $63.17.

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. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.