7,977 Shares in PHINIA Inc. (NYSE:PHIN) Acquired by Quantessence Capital LLC

Quantessence Capital LLC acquired a new stake in PHINIA Inc. (NYSE:PHIN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,977 shares of the company's stock, valued at approximately $384,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its position in shares of PHINIA by 149.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 698 shares of the company's stock valued at $33,000 after acquiring an additional 418 shares during the period. KBC Group NV grew its holdings in PHINIA by 45.8% in the fourth quarter. KBC Group NV now owns 2,180 shares of the company's stock valued at $105,000 after purchasing an additional 685 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of PHINIA during the 4th quarter worth $173,000. State of Michigan Retirement System purchased a new stake in shares of PHINIA in the 4th quarter worth about $203,000. Finally, Optimize Financial Inc acquired a new stake in PHINIA in the 4th quarter valued at about $206,000. Institutional investors and hedge funds own 90.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PHIN. BNP Paribas lowered shares of PHINIA from an "outperform" rating to a "neutral" rating and set a $46.00 price target on the stock. in a research report on Wednesday, April 23rd. CL King began coverage on shares of PHINIA in a report on Monday, March 24th. They issued a "buy" rating and a $54.00 target price on the stock. Northland Securities began coverage on shares of PHINIA in a research note on Thursday, January 30th. They set an "outperform" rating and a $61.00 price objective on the stock. Northland Capmk upgraded PHINIA to a "strong-buy" rating in a report on Thursday, January 30th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $45.00 price objective (down previously from $56.00) on shares of PHINIA in a research report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, PHINIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.50.

PHINIA Stock Down 0.1 %

Shares of PHIN stock traded down $0.03 during mid-day trading on Monday, reaching $40.78. 89,018 shares of the company were exchanged, compared to its average volume of 572,484. The company has a market capitalization of $1.62 billion, a P/E ratio of 23.30 and a beta of 1.56. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.44 and a current ratio of 1.90. PHINIA Inc. has a fifty-two week low of $36.25 and a fifty-two week high of $57.23. The business's 50 day simple moving average is $43.50 and its 200 day simple moving average is $47.73.

PHINIA (NYSE:PHIN - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.10). The firm had revenue of $796.00 million for the quarter, compared to the consensus estimate of $813.24 million. PHINIA had a return on equity of 10.12% and a net margin of 2.32%. Research analysts predict that PHINIA Inc. will post 4.21 earnings per share for the current year.

PHINIA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.27 per share. This is an increase from PHINIA's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Friday, February 28th. PHINIA's dividend payout ratio is presently 61.36%.

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.