PHINIA Inc. (NYSE:PHIN) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its holdings in PHINIA Inc. (NYSE:PHIN) by 64.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,654 shares of the company’s stock after selling 8,293 shares during the period. Sanctuary Advisors LLC’s holdings in PHINIA were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pacer Advisors Inc. purchased a new stake in shares of PHINIA in the 3rd quarter valued at approximately $80,154,000. Dimensional Fund Advisors LP increased its position in shares of PHINIA by 19.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,317,846 shares of the company’s stock valued at $51,869,000 after acquiring an additional 215,150 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of PHINIA by 10.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,016,602 shares of the company’s stock valued at $46,794,000 after acquiring an additional 95,870 shares during the period. American Century Companies Inc. raised its stake in shares of PHINIA by 33.2% in the 2nd quarter. American Century Companies Inc. now owns 1,009,106 shares of the company’s stock valued at $39,718,000 after acquiring an additional 251,650 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of PHINIA by 0.7% in the 2nd quarter. LSV Asset Management now owns 780,569 shares of the company’s stock worth $30,723,000 after acquiring an additional 5,792 shares during the last quarter. 90.94% of the stock is currently owned by institutional investors and hedge funds.

PHINIA Stock Down 0.9 %

PHIN stock opened at $48.23 on Monday. The company has a current ratio of 1.93, a quick ratio of 1.46 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $50.66 and its two-hundred day moving average is $46.58. The stock has a market cap of $2.03 billion, a P/E ratio of 20.70 and a beta of 1.10. PHINIA Inc. has a twelve month low of $27.86 and a twelve month high of $57.23.

PHINIA (NYSE:PHIN) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.38. The firm had revenue of $839.00 million during the quarter, compared to analysts’ expectations of $829.82 million. PHINIA had a net margin of 3.10% and a return on equity of 9.79%. PHINIA’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Research analysts expect that PHINIA Inc. will post 3.44 earnings per share for the current fiscal year.

PHINIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.07%. PHINIA’s dividend payout ratio (DPR) is presently 42.92%.

Analysts Set New Price Targets

PHIN has been the topic of a number of research analyst reports. Morgan Stanley lowered PHINIA from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a research report on Wednesday, September 25th. UBS Group initiated coverage on PHINIA in a report on Wednesday, September 4th. They issued a “buy” rating and a $55.00 price objective on the stock.

PHINIA Company Profile

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.