Captrust Financial Advisors Has $345,000 Stock Position in PHINIA Inc. (NYSE:PHIN)

Captrust Financial Advisors lowered its holdings in shares of PHINIA Inc. (NYSE:PHIN) by 30.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,154 shares of the company’s stock after selling 3,139 shares during the quarter. Captrust Financial Advisors’ holdings in PHINIA were worth $345,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of PHINIA by 336.2% during the third quarter. Barclays PLC now owns 72,805 shares of the company’s stock worth $3,351,000 after purchasing an additional 56,114 shares during the period. Principal Financial Group Inc. boosted its position in PHINIA by 1.1% during the third quarter. Principal Financial Group Inc. now owns 227,742 shares of the company’s stock valued at $10,483,000 after acquiring an additional 2,422 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of PHINIA by 30,454.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 13,444 shares of the company’s stock worth $648,000 after buying an additional 13,400 shares in the last quarter. KBC Group NV grew its stake in shares of PHINIA by 45.8% in the 4th quarter. KBC Group NV now owns 2,180 shares of the company’s stock valued at $105,000 after buying an additional 685 shares during the period. Finally, Vest Financial LLC lifted its stake in shares of PHINIA by 79.2% in the fourth quarter. Vest Financial LLC now owns 52,757 shares of the company’s stock valued at $2,541,000 after buying an additional 23,310 shares in the last quarter. 90.94% of the stock is owned by institutional investors.

Insider Activity at PHINIA

In other news, CEO Brady D. Ericson bought 10,000 shares of PHINIA stock in a transaction on Wednesday, April 30th. The shares were bought at an average cost of $39.73 per share, with a total value of $397,300.00. Following the completion of the purchase, the chief executive officer now directly owns 436,486 shares of the company’s stock, valued at approximately $17,341,588.78. This trade represents a 2.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PHIN. CL King started coverage on PHINIA in a research note on Monday, March 24th. They set a “buy” rating and a $54.00 target price on the stock. BNP Paribas lowered PHINIA from an “outperform” rating to a “neutral” rating and set a $46.00 price target for the company. in a research note on Wednesday, April 23rd. Bank of America boosted their price objective on PHINIA from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Northland Securities initiated coverage on shares of PHINIA in a research report on Thursday, January 30th. They set an “outperform” rating and a $61.00 price objective on the stock. Finally, UBS Group reissued a “neutral” rating and issued a $45.00 price target (down from $56.00) on shares of PHINIA in a research report on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PHINIA presently has an average rating of “Moderate Buy” and an average price target of $51.17.

PHINIA Stock Performance

PHIN stock opened at $43.95 on Wednesday. The business’s fifty day simple moving average is $41.96 and its two-hundred day simple moving average is $47.36. The company has a quick ratio of 1.44, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. PHINIA Inc. has a twelve month low of $36.25 and a twelve month high of $57.23. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 25.11 and a beta of 1.59.

PHINIA (NYSE:PHIN) last released its quarterly earnings results on Friday, April 25th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.10). The firm had revenue of $796.00 million during the quarter, compared to analysts’ expectations of $813.24 million. PHINIA had a return on equity of 10.12% and a net margin of 2.32%. PHINIA’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 earnings per share. Analysts predict that PHINIA Inc. will post 4.21 earnings per share for the current year.

PHINIA 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.