Wellington Management Group LLP Purchases Shares of 171,466 PHINIA Inc. (NYSE:PHIN)

Wellington Management Group LLP purchased a new stake in PHINIA Inc. (NYSE:PHINFree Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 171,466 shares of the company’s stock, valued at approximately $4,594,000.

Other hedge funds also recently bought and sold shares of the company. Oakworth Capital Inc. acquired a new stake in PHINIA in the 3rd quarter valued at about $27,000. Whittier Trust Co. purchased a new position in shares of PHINIA in the 3rd quarter valued at about $29,000. Truvestments Capital LLC purchased a new position in shares of PHINIA in the 3rd quarter valued at about $35,000. Salem Investment Counselors Inc. purchased a new position in shares of PHINIA in the 3rd quarter valued at about $39,000. Finally, Fifth Third Bancorp purchased a new position in shares of PHINIA in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley started coverage on PHINIA in a report on Monday, March 11th. They issued an “overweight” rating and a $50.00 price objective on the stock.

Get Our Latest Stock Analysis on PHINIA

PHINIA Trading Up 0.1 %

NYSE:PHIN opened at $37.65 on Wednesday. The stock’s 50 day moving average price is $33.02 and its 200 day moving average price is $29.16. The company has a market capitalization of $1.74 billion and a PE ratio of 7.98. The company has a quick ratio of 1.25, a current ratio of 1.68 and a debt-to-equity ratio of 0.38. PHINIA Inc. has a 52-week low of $23.46 and a 52-week high of $38.23.

PHINIA (NYSE:PHINGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The firm had revenue of $882.00 million for the quarter, compared to analysts’ expectations of $900.00 million. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.75 EPS. On average, research analysts anticipate that PHINIA Inc. will post 4.02 EPS for the current year.

PHINIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, February 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.66%. PHINIA’s dividend payout ratio is presently 21.19%.

PHINIA Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PHIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PHINIA Inc. (NYSE:PHINFree Report).

Institutional Ownership by Quarter for PHINIA (NYSE:PHIN)

Receive News & Ratings for PHINIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PHINIA and related companies with MarketBeat.com's FREE daily email newsletter.