2 weeks Ago By Defense World Staff
Wells Fargo & Company MN raised its position in PHINIA Inc. (NYSE:PHIN – Free Report) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 47,583 shares of the company’s stock after purchasing an additional 3,024 shares during the quarter. Wells Fargo & Company MN owned 0.11% of PHINIA worth $2,292,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Foundry Partners LLC raised its position in PHINIA by 24.3% in the 4th quarter.
Foundry Partners LLC now owns 213,563 shares of the company’s stock valued at $10,287,000 after buying an additional 41,699 shares during the last quarter. Bryce Point Capital LLC acquired a new stake in shares of PHINIA in the fourth quarter valued at approximately $271,000. Villanova Investment Management Co LLC raised its holdings in shares of PHINIA by 10.
7% in the fourth quarter. Villanova Investment Management Co LLC now owns 39,547 shares of the company’s stock valued at $1,905,000 after purchasing an additional 3,820 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of PHINIA in the fourth quarter worth $2,502,000.
Finally, Alliancebernstein L.P. grew its position in PHINIA by 4.
2% in the fourth quarter. Alliancebernstein L.P.
now owns 60,963 shares of the company’s stock valued at $2,937,000 after purchasing an additional 2,445 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors.
PHINIA Price PerformanceNYSE:PHIN opened at $40.85 on Friday. The firm’s fifty day moving average price is $43.
50 and its two-hundred day moving average price is $47.69. The company has a debt-to-equity ratio of 0.
61, a current ratio of 1.90 and a quick ratio of 1.44.
The company has a market cap of $1.63 billion, a P/E ratio of 23.34 and a beta of 1.
56. PHINIA Inc. has a one year low of $36.
25 and a one year high of $57.23. PHINIA (NYSE:PHIN – Get Free Report) last released its quarterly earnings results on Thursday, February 13th.
The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.
09). PHINIA had a net margin of 2.32% and a return on equity of 10.
12%. The company had revenue of $833.00 million during the quarter, compared to the consensus estimate of $811.
94 million. Equities analysts expect that PHINIA Inc. will post 4.
21 earnings per share for the current year. PHINIA Increases DividendThe company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.
27 dividend. The ex-dividend date was Friday, February 28th. This is an increase from PHINIA’s previous quarterly dividend of $0.
25. This represents a $1.08 annualized dividend and a yield of 2.
64%. PHINIA’s payout ratio is 61.71%.
Analyst Ratings ChangesPHIN has been the subject of a number of recent research reports. CL King started coverage on shares of PHINIA in a research note on Monday, March 24th. They set a “buy” rating and a $54.
00 price objective for the company. BNP Paribas downgraded 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. UBS Group reiterated a “neutral” rating and set a $45.00 price objective (down previously from $56.
00) on shares of PHINIA in a research note on Thursday, April 10th. Northland Capmk raised PHINIA to a “strong-buy” rating in a report on Thursday, January 30th. Finally, 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 target price on the stock. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company.
According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.50.
Check Out Our Latest Report on PHINPHINIA 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.Featured ArticlesFive stocks we like better than PHINIADo Real Estate Investment Trusts Deserve a Place in Your Portfolio?Short Sellers Gave Up on These 3 Names RecentlyWhat is a Dividend King? 3 Boring Stocks Outperforming the Market This YearWhy Understanding Call Option Volume is Essential to Successful Options TradingIf You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
