1 week Ago By ABMN Staff
Mariner LLC grew its position in shares of PHINIA Inc. ( NYSE:PHIN – Free Report ) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 19,739 shares of the company’s stock after buying an additional 245 shares during the period. Mariner LLC’s holdings in PHINIA were worth $951,000 as of its most recent SEC filing. Other hedge funds also recently made changes to their positions in the company.
Jane Street Group LLC lifted its stake in PHINIA by 297.0% during the third quarter. Jane Street Group LLC now owns 24,516 shares of the company’s stock worth $1,128,000 after purchasing an additional 18,341 shares during the last quarter.
Barclays PLC raised 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.
Tidal Investments LLC bought a new position in shares of PHINIA in the 3rd quarter worth about $527,000. Principal Financial Group Inc. boosted its holdings in shares of PHINIA by 1.
1% in the 3rd quarter. Principal Financial Group Inc. now owns 227,742 shares of the company’s stock valued at $10,483,000 after buying an additional 2,422 shares during the period.
Finally, CWA Asset Management Group LLC grew its position in shares of PHINIA by 23.5% during the 4th quarter. CWA Asset Management Group LLC now owns 20,797 shares of the company’s stock valued at $1,002,000 after buying an additional 3,954 shares during the last quarter.
Institutional investors and hedge funds own 90.94% of the company’s stock. PHINIA Price Performance Shares of NYSE PHIN opened at $40.
85 on Monday. The stock has a market cap of $1.63 billion, a P/E ratio of 23.
34 and a beta of 1.56. The firm’s 50-day simple moving average is $43.
50 and its 200 day simple moving average is $47.73. PHINIA Inc.
has a fifty-two week low of $36.25 and a fifty-two week high of $57.23.
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 Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.
27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.
64%. This is an increase from PHINIA’s previous quarterly dividend of $0.25.
The ex-dividend date was Friday, February 28th. PHINIA’s dividend payout ratio is 61.71%.
Wall Street Analyst Weigh In A number of equities analysts have issued reports on PHIN shares. Northland Securities assumed coverage on PHINIA in a research note on Thursday, January 30th. They issued an “outperform” rating and a $61.
00 target price for the company. UBS Group restated a “neutral” rating and set a $45.00 price objective (down previously from $56.
00) on shares of PHINIA in a research report on Thursday, April 10th. BNP Paribas lowered PHINIA from an “outperform” rating to a “neutral” rating and set a $46.00 target price on the stock.
in a research report on Wednesday, April 23rd. Bank of America assumed coverage on shares of PHINIA in a report on Thursday, April 10th. They set a “buy” rating and a $53.
00 price target for the company. Finally, Northland Capmk raised shares of PHINIA to a “strong-buy” rating in a report on Thursday, January 30th. Three equities research 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 data from MarketBeat, PHINIA presently has an average rating of “Moderate Buy” and a consensus target price of $51.50. View Our Latest Research Report on PHIN PHINIA Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding PHIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PHINIA Inc.
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