Barclays PLC Purchases 56,114 Shares of PHINIA Inc. (NYSE:PHIN)

Barclays PLC lifted its holdings in PHINIA Inc. (NYSE:PHIN) by 336.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,805 shares of the company’s stock after purchasing an additional 56,114 shares during the quarter. Barclays PLC owned 0.17% of PHINIA worth $3,351,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of PHINIA by 23.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $65,000 after purchasing an additional 271 shares during the last quarter. Quantinno Capital Management LP raised its holdings in PHINIA by 2.4% during the 3rd quarter. Quantinno Capital Management LP now owns 14,637 shares of the company’s stock valued at $674,000 after buying an additional 345 shares during the period. Old North State Wealth Management LLC lifted its position in PHINIA by 4.9% in the third quarter. Old North State Wealth Management LLC now owns 9,589 shares of the company’s stock worth $442,000 after buying an additional 451 shares during the last quarter. KBC Group NV boosted its stake in PHINIA by 49.4% during the third quarter. KBC Group NV now owns 1,495 shares of the company’s stock worth $69,000 after buying an additional 494 shares during the period. Finally, CHICAGO TRUST Co NA increased its position in PHINIA by 8.1% during the third quarter. CHICAGO TRUST Co NA now owns 9,539 shares of the company’s stock valued at $439,000 after acquiring an additional 713 shares during the last quarter. Institutional investors own 90.94% of the company’s stock.

PHINIA Stock Performance

Shares of NYSE:PHIN opened at $47.63 on Tuesday. The firm’s 50 day simple moving average is $50.45 and its 200-day simple moving average is $46.46. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.46 and a current ratio of 1.93. PHINIA Inc. has a one year low of $27.86 and a one year high of $57.23. The firm has a market cap of $2.00 billion, a PE ratio of 20.44 and a beta of 1.09.

PHINIA (NYSE:PHIN) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.79 by $0.38. PHINIA had a return on equity of 9.79% and a net margin of 3.10%. The company had revenue of $839.00 million for the quarter, compared to the consensus estimate of $829.82 million. During the same period last year, the business posted $0.53 EPS. PHINIA’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, equities analysts predict that PHINIA Inc. will post 3.44 EPS for the current year.

PHINIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Monday, November 25th. PHINIA’s dividend payout ratio (DPR) is presently 42.92%.

Analyst Upgrades and Downgrades

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

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.