Capital Fund Management S.A. Grows Position in PHINIA Inc. $PHIN

Capital Fund Management S.A. grew its holdings in PHINIA Inc. (NYSE:PHIN) by 128.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,495 shares of the company’s stock after buying an additional 28,395 shares during the period. Capital Fund Management S.A.’s holdings in PHINIA were worth $2,247,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Voss Capital LP raised its holdings in PHINIA by 45.9% in the 1st quarter. Voss Capital LP now owns 2,067,342 shares of the company’s stock valued at $87,717,000 after acquiring an additional 650,261 shares during the last quarter. American Century Companies Inc. grew its position in shares of PHINIA by 3.1% in the second quarter. American Century Companies Inc. now owns 1,567,486 shares of the company’s stock valued at $69,737,000 after purchasing an additional 46,919 shares in the last quarter. LSV Asset Management grew its position in shares of PHINIA by 19.4% in the second quarter. LSV Asset Management now owns 1,199,218 shares of the company’s stock valued at $53,353,000 after purchasing an additional 194,627 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of PHINIA by 6.4% in the first quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock valued at $41,462,000 after purchasing an additional 58,875 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in PHINIA by 1.1% during the first quarter. Bridgeway Capital Management LLC now owns 456,832 shares of the company’s stock worth $19,383,000 after buying an additional 4,911 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PHINIA

In other news, VP Hongyong Yang sold 893 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $52.43, for a total transaction of $46,819.99. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Samantha Pombier sold 1,940 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $54.14, for a total transaction of $105,031.60. Following the completion of the transaction, the vice president directly owned 8,869 shares of the company’s stock, valued at approximately $480,167.66. The trade was a 17.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley raised their target price on PHINIA from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. UBS Group cut their price objective on shares of PHINIA from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Citigroup reiterated a “neutral” rating on shares of PHINIA in a report on Tuesday, October 14th. Bank of America raised their price target on shares of PHINIA from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PHINIA in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.43.

PHINIA Stock Performance

Shares of PHIN stock opened at $54.57 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.72. The firm has a market cap 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. The firm’s 50 day moving average price is $54.03 and its 200-day moving average price is $51.55. PHINIA Inc. has a one year low of $36.25 and a one year high of $59.88.

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

PHINIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, November 24th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.08 annualized dividend and a yield of 2.0%. PHINIA’s dividend payout ratio is presently 48.65%.

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.