Capital Fund Management S.A. Raises Stake in PHINIA Inc. $PHIN

Capital Fund Management S.A. increased its holdings in PHINIA Inc. (NYSE:PHIN) by 128.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,495 shares of the company’s stock after buying an additional 28,395 shares during the quarter. Capital Fund Management S.A. owned about 0.13% of PHINIA worth $2,247,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Aristides Capital LLC purchased a new stake in shares of PHINIA in the 2nd quarter valued at $246,000. Quadrant Capital Group LLC lifted its position in PHINIA by 304.3% during the second quarter. Quadrant Capital Group LLC now owns 6,764 shares of the company’s stock valued at $301,000 after purchasing an additional 5,091 shares during the period. Russell Investments Group Ltd. lifted its position in PHINIA by 12.8% during the second quarter. Russell Investments Group Ltd. now owns 150,860 shares of the company’s stock valued at $6,712,000 after purchasing an additional 17,150 shares during the period. Prudential Financial Inc. boosted its holdings in PHINIA by 3.1% in the second quarter. Prudential Financial Inc. now owns 41,543 shares of the company’s stock valued at $1,848,000 after purchasing an additional 1,243 shares during the last quarter. Finally, Rock Creek Group LP grew its position in PHINIA by 16.8% during the 2nd quarter. Rock Creek Group LP now owns 40,891 shares of the company’s stock worth $1,819,000 after purchasing an additional 5,891 shares during the period. 90.94% of the stock is owned by hedge funds and other institutional investors.

PHINIA Stock Performance

Shares of PHIN stock opened at $54.57 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. PHINIA Inc. has a 12-month low of $36.25 and a 12-month high of $59.88. The business’s 50 day moving average is $54.03 and its two-hundred day moving average is $51.55. The company has a market capitalization of $2.10 billion, a P/E ratio of 24.58, a P/E/G ratio of 0.51 and a beta of 1.44.

PHINIA (NYSE:PHIN) last announced its earnings results on Tuesday, October 28th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.42. PHINIA had a return on equity of 11.64% and a net margin of 2.63%.The business had revenue of $908.00 million during the quarter, compared to the consensus estimate of $861.57 million. During the same period in the prior year, the company posted $1.17 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Analysts expect that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, November 24th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, November 24th. This represents a $1.08 dividend on an annualized basis and a yield of 2.0%. PHINIA’s dividend payout ratio is currently 48.65%.

Insider Activity

In related news, VP Samantha Pombier sold 1,940 shares of PHINIA stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $54.14, for a total value of $105,031.60. Following the sale, the vice president directly owned 8,869 shares in the company, valued at approximately $480,167.66. The trade was a 17.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Hongyong Yang sold 893 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $52.43, for a total value of $46,819.99. The disclosure for this sale is available in the SEC filing. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PHIN has been the subject of a number of recent research reports. BNP Paribas upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Citigroup reiterated a “neutral” rating on shares of PHINIA in a research report on Tuesday, October 14th. Bank of America boosted their price target on PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. BNP Paribas Exane raised shares of PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 price objective on the stock in a research note on Monday, November 3rd. Finally, Zacks Research lowered shares of PHINIA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.43.

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.