66,980 Shares in PHINIA Inc. $PHIN Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL bought a new position in shares of PHINIA Inc. (NYSE:PHIN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 66,980 shares of the company’s stock, valued at approximately $3,850,000. Tudor Investment Corp ET AL owned 0.17% of PHINIA at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Voss Capital LP raised its position in shares of PHINIA by 10.8% during the 2nd quarter. Voss Capital LP now owns 2,290,000 shares of the company’s stock valued at $101,882,000 after purchasing an additional 222,658 shares during the period. Dimensional Fund Advisors LP boosted its holdings in PHINIA by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,256,782 shares of the company’s stock worth $129,719,000 after buying an additional 10,750 shares during the period. American Century Companies Inc. increased its stake in PHINIA by 4.7% in the 3rd quarter. American Century Companies Inc. now owns 1,641,916 shares of the company’s stock worth $94,377,000 after buying an additional 74,430 shares in the last quarter. LSV Asset Management increased its stake in PHINIA by 13.8% in the 3rd quarter. LSV Asset Management now owns 1,364,534 shares of the company’s stock worth $78,433,000 after buying an additional 165,316 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in PHINIA by 6.4% during the first quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock valued at $41,462,000 after acquiring an additional 58,875 shares during the period. 90.94% of the stock is currently owned by institutional investors.

PHINIA Trading Down 0.4%

Shares of PHINIA stock opened at $68.65 on Friday. PHINIA Inc. has a twelve month low of $36.25 and a twelve month high of $81.11. The company has a quick ratio of 1.36, a current ratio of 1.86 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $70.49 and a 200-day moving average price of $61.86. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 21.12 and a beta of 1.36.

PHINIA (NYSE:PHIN) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.17). The firm had revenue of $889.00 million for the quarter, compared to analysts’ expectations of $843.59 million. PHINIA had a net margin of 3.73% and a return on equity of 12.56%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. Equities research analysts anticipate that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were given a $0.30 dividend. This is a boost from PHINIA’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, March 6th. PHINIA’s dividend payout ratio (DPR) is presently 36.92%.

Insiders Place Their Bets

In other PHINIA news, VP Christopher Gustanski sold 3,812 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $72.73, for a total transaction of $277,246.76. Following the completion of the transaction, the vice president owned 14,871 shares in the company, valued at $1,081,567.83. This trade represents a 20.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Neil Fryer sold 624 shares of PHINIA stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $72.75, for a total transaction of $45,396.00. Following the completion of the transaction, the vice president directly owned 18,180 shares of the company’s stock, valued at $1,322,595. The trade was a 3.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PHIN has been the topic of several research analyst reports. Northland Securities set a $93.00 price objective on PHINIA in a research report on Friday, February 13th. Freedom Capital downgraded PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings reissued a “hold (c)” rating on shares of PHINIA in a report on Monday, December 29th. UBS Group restated a “neutral” rating and issued a $76.00 price target on shares of PHINIA in a research note on Friday, February 13th. Finally, Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, PHINIA presently has an average rating of “Moderate Buy” and an average target price of $68.80.

About PHINIA

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.