Sanctuary Advisors LLC Sells 8,293 Shares of PHINIA Inc. (NYSE:PHIN)

Sanctuary Advisors LLC lowered its stake in PHINIA Inc. (NYSE:PHIN) by 64.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PHINIA in the 2nd quarter worth approximately $49,000. GAMMA Investing LLC boosted its stake in PHINIA by 23.9% during the third quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $65,000 after buying an additional 271 shares during the period. Rothschild Investment LLC purchased a new stake in shares of PHINIA in the second quarter valued at $66,000. KBC Group NV boosted its stake in shares of PHINIA by 49.4% during the 3rd quarter. KBC Group NV now owns 1,495 shares of the company’s stock worth $69,000 after purchasing an additional 494 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in PHINIA during the 2nd quarter valued at about $76,000. 90.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley cut PHINIA from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a research note on Wednesday, September 25th. UBS Group assumed coverage on PHINIA in a report on Wednesday, September 4th. They set a “buy” rating and a $55.00 price objective for the company.

PHINIA Price Performance

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

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

PHINIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were given a $0.25 dividend. The ex-dividend date was Monday, November 25th. This represents a $1.00 annualized dividend and a yield of 2.07%. PHINIA’s dividend payout ratio is presently 42.92%.

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.