Rothschild Investment LLC Purchases Shares of 1,680 PHINIA Inc. (NYSE:PHIN)

Rothschild Investment LLC purchased a new position in shares of PHINIA Inc. (NYSE:PHIN) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,680 shares of the company’s stock, valued at approximately $66,000.

Several other hedge funds have also recently modified their holdings of PHIN. Long Road Investment Counsel LLC grew its position in PHINIA by 4.3% during the 4th quarter. Long Road Investment Counsel LLC now owns 9,806 shares of the company’s stock worth $297,000 after purchasing an additional 400 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of PHINIA by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 40,858 shares of the company’s stock valued at $1,570,000 after buying an additional 534 shares during the last quarter. GAMMA Investing LLC increased its position in shares of PHINIA by 100.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,132 shares of the company’s stock valued at $45,000 after acquiring an additional 567 shares during the period. Fidelis Capital Partners LLC purchased a new position in PHINIA in the 1st quarter worth $37,000. Finally, O Shaughnessy Asset Management LLC lifted its position in PHINIA by 15.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,937 shares of the company’s stock worth $343,000 after acquiring an additional 1,169 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group began coverage on PHINIA in a report on Wednesday. They issued a “buy” rating and a $55.00 price objective on the stock.

PHINIA Stock Up 2.9 %

NYSE:PHIN opened at $47.72 on Thursday. The firm has a market capitalization of $2.08 billion, a P/E ratio of 14.99 and a beta of 0.86. The company’s fifty day moving average price is $43.91 and its 200-day moving average price is $41.03. PHINIA Inc. has a 1-year low of $23.46 and a 1-year high of $49.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.85 and a quick ratio of 1.38.

PHINIA (NYSE:PHIN) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.27). The company had revenue of $868.00 million for the quarter, compared to analyst estimates of $889.00 million. PHINIA had a return on equity of 8.04% and a net margin of 2.48%. PHINIA’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 earnings per share. As a group, equities research analysts anticipate that PHINIA Inc. will post 3.37 EPS for the current year.

PHINIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 23rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $1.00 annualized dividend and a yield of 2.10%.

Insider Transactions at PHINIA

In related news, VP Michael Coetzee sold 900 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $47.71, for a total value of $42,939.00. Following the completion of the transaction, the vice president now directly owns 29,540 shares in the company, valued at approximately $1,409,353.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other PHINIA news, VP Robert Boyle sold 1,828 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $43.77, for a total value of $80,011.56. Following the sale, the vice president now directly owns 36,337 shares of the company’s stock, valued at $1,590,470.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Michael Coetzee sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $47.71, for a total value of $42,939.00. Following the completion of the sale, the vice president now owns 29,540 shares of the company’s stock, valued at $1,409,353.40. The disclosure for this sale can be found here. Corporate insiders own 1.50% 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.