Universal Beteiligungs und Servicegesellschaft mbH Has $7.02 Million Position in PHINIA Inc. $PHIN

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in PHINIA Inc. (NYSE:PHIN) by 76.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,151 shares of the company’s stock after purchasing an additional 52,957 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.31% of PHINIA worth $7,021,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. EMC Capital Management acquired a new stake in shares of PHINIA in the 2nd quarter valued at $39,000. TD Waterhouse Canada Inc. boosted its holdings in PHINIA by 350.0% in the second quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company’s stock valued at $42,000 after acquiring an additional 700 shares during the last quarter. State of Wyoming acquired a new stake in PHINIA in the second quarter worth about $60,000. CWM LLC raised its holdings in PHINIA by 76.8% during the 3rd quarter. CWM LLC now owns 1,448 shares of the company’s stock worth $83,000 after purchasing an additional 629 shares during the last quarter. Finally, Traub Capital Management LLC bought a new stake in PHINIA during the 2nd quarter worth about $77,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

Insider Transactions at PHINIA

In other 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 transaction of $105,031.60. Following the transaction, the vice president owned 8,869 shares in the company, valued at $480,167.66. The trade was a 17.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Hongyong Yang sold 893 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $52.43, for a total value of $46,819.99. The SEC filing for this sale provides additional information. Company insiders own 2.00% of the company’s stock.

PHINIA Trading Down 0.8%

PHIN opened at $68.82 on Monday. The firm’s fifty day moving average is $60.73 and its two-hundred day moving average is $56.61. The firm has a market cap of $2.65 billion, a PE ratio of 31.00 and a beta of 1.37. PHINIA Inc. has a twelve month low of $36.25 and a twelve month high of $70.97. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.72.

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

PHINIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Monday, November 24th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, November 24th. PHINIA’s dividend payout ratio is 48.65%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Citigroup reaffirmed a “neutral” rating on shares of PHINIA in a research note on Tuesday, October 14th. BNP Paribas Exane upgraded shares of PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 target price for the company in a research report on Monday, November 3rd. UBS Group upped their target price on shares of PHINIA from $59.00 to $71.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Northland Securities increased their price target on PHINIA from $65.00 to $79.00 and gave the company an “outperform” rating in a research note on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.17.

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. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.