Yousif Capital Management LLC Reduces Holdings in PHINIA Inc. (NYSE:PHIN)

Yousif Capital Management LLC cut its stake in PHINIA Inc. (NYSE:PHIN) by 1.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 24,134 shares of the company’s stock after selling 393 shares during the quarter. Yousif Capital Management LLC’s holdings in PHINIA were worth $731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in PHIN. Oakworth Capital Inc. acquired a new stake in shares of PHINIA in the 3rd quarter valued at about $27,000. Whittier Trust Co. purchased a new position in shares of PHINIA during the third quarter worth approximately $29,000. Parkside Financial Bank & Trust increased its holdings in shares of PHINIA by 816.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 990 shares of the company’s stock valued at $30,000 after acquiring an additional 882 shares during the period. Truvestments Capital LLC purchased a new stake in PHINIA in the 3rd quarter valued at $35,000. Finally, Fifth Third Bancorp acquired a new stake in PHINIA during the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 90.94% of the company’s stock.

Analyst Ratings Changes

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

PHINIA Stock Down 0.5 %

PHINIA stock opened at $41.08 on Monday. The stock has a 50 day moving average of $37.41 and a two-hundred day moving average of $31.53. PHINIA Inc. has a twelve month low of $23.46 and a twelve month high of $42.13. The company has a quick ratio of 1.27, a current ratio of 1.71 and a debt-to-equity ratio of 0.38.

PHINIA (NYSE:PHIN) last issued its earnings results on Thursday, April 25th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.34. The business had revenue of $863.00 million for the quarter, compared to the consensus estimate of $800.00 million. PHINIA had a net margin of 3.06% and a return on equity of 7.52%. The company’s revenue was up 3.4% on a year-over-year basis. As a group, research analysts expect that PHINIA Inc. will post 4.05 EPS for the current fiscal year.

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.