Creative Planning Invests $203,000 in PHINIA Inc. (NYSE:PHIN)

Creative Planning acquired a new position in shares of PHINIA Inc. (NYSE:PHIN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,403 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds have also made changes to their positions in PHIN. GAMMA Investing LLC lifted its stake in shares of PHINIA by 100.4% during the second quarter. GAMMA Investing LLC now owns 1,132 shares of the company’s stock worth $45,000 after purchasing an additional 567 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PHINIA in the second quarter worth about $49,000. EntryPoint Capital LLC acquired a new position in shares of PHINIA in the first quarter worth about $60,000. Rothschild Investment LLC acquired a new position in shares of PHINIA in the second quarter worth about $66,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of PHINIA in the second quarter worth about $76,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

Insider Buying and Selling

In other PHINIA news, VP Michael Coetzee sold 900 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $47.71, for a total value of $42,939.00. Following the completion of the sale, the vice president now directly owns 29,540 shares in the company, valued at $1,409,353.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on PHIN shares. Morgan Stanley lowered PHINIA from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. in a report on Wednesday, September 25th. UBS Group started coverage on PHINIA in a report on Wednesday, September 4th. They issued a “buy” rating and a $55.00 price objective for the company.

PHINIA Stock Up 1.5 %

NYSE:PHIN opened at $52.87 on Tuesday. The firm has a market capitalization of $2.22 billion, a PE ratio of 22.69 and a beta of 0.86. The stock has a 50 day moving average of $46.65 and a 200-day moving average of $44.43. PHINIA Inc. has a 52 week low of $23.46 and a 52 week high of $53.72. The company has a current ratio of 1.93, a quick ratio of 1.46 and a debt-to-equity ratio of 0.58.

PHINIA (NYSE:PHIN) last posted its earnings results on Thursday, October 31st. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.79 by $0.38. The company had revenue of $839.00 million during the quarter, compared to analyst estimates of $829.82 million. PHINIA had a return on equity of 9.79% and a net margin of 3.10%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share. Analysts predict that PHINIA Inc. will post 3.27 EPS for the current year.

PHINIA 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.