Tudor Investment Corp ET AL Purchases New Stake in PHINIA Inc. $PHIN

Key Points

• Tudor Investment Corp bought a new stake of 66,980 shares in PHINIA (~$3.85M), leaving institutional investors with roughly 90.94% ownership and Tudor holding about 0.17% per the latest SEC filing.
• PHINIA posted Q results with EPS of $1.18 (missed consensus $1.35) while revenue beat at $889M (vs. $843.59M), and analysts hold a consensus rating of "Moderate Buy" with a $68.80 price target.
• Two company VPs sold shares on March 4 (Neil Fryer sold 624 shares at $72.75; Christopher Gustanski sold 3,812 shares at $72.73), representing notable insider reductions though insiders still own about 2.0% of the stock.

Tudor Investment Corp ET AL purchased a new stake in PHINIA Inc. (NYSE:PHIN - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 66,980 shares of the company's stock, valued at approximately $3,850,000. Tudor Investment Corp ET AL owned approximately 0.17% of PHINIA as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PHIN. EverSource Wealth Advisors LLC raised its stake in PHINIA by 34.4% in the third quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company's stock valued at $50,000 after purchasing an additional 222 shares in the last quarter. MAI Capital Management raised its stake in PHINIA by 845.4% in the third quarter. MAI Capital Management now owns 917 shares of the company's stock valued at $53,000 after purchasing an additional 820 shares in the last quarter. State of Wyoming acquired a new position in PHINIA in the second quarter valued at about $60,000. CWM LLC raised its stake in PHINIA by 76.8% in the third quarter. CWM LLC now owns 1,448 shares of the company's stock valued at $83,000 after purchasing an additional 629 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in PHINIA by 296.7% during the third quarter. Jones Financial Companies Lllp now owns 1,436 shares of the company's stock worth $83,000 after acquiring an additional 1,074 shares in the last quarter. Institutional investors and hedge funds own 90.94% of the company's stock.

Insider Activity at PHINIA

In related news, VP Neil Fryer sold 624 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $72.75, for a total value of $45,396.00. Following the transaction, the vice president directly owned 18,180 shares in the company, valued at $1,322,595. This trade represents a 3.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher Gustanski sold 3,812 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $72.73, for a total value of $277,246.76. Following the completion of the sale, the vice president directly owned 14,871 shares of the company's stock, valued at $1,081,567.83. The trade was a 20.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

PHIN has been the subject of several research analyst reports. Zacks Research raised PHINIA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 31st. Northland Securities set a $93.00 target price on PHINIA in a research note on Friday, February 13th. Weiss Ratings reissued a "hold (c)" rating on shares of PHINIA in a research note on Monday, December 29th. Freedom Capital downgraded PHINIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 26th. Finally, Wall Street Zen raised PHINIA from a "buy" rating to a "strong-buy" rating in a research note on Sunday, February 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.80.

PHINIA Stock Up 1.9%

Shares of NYSE PHIN opened at $74.11 on Friday. The stock has a 50-day moving average price of $70.50 and a two-hundred day moving average price of $62.62. PHINIA Inc. has a 12 month low of $37.03 and a 12 month high of $81.11. The company has a current ratio of 1.86, a quick ratio of 1.36 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 22.80 and a beta of 1.36.

PHINIA (NYSE:PHIN - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.17). PHINIA had a net margin of 3.73% and a return on equity of 12.56%. The firm had revenue of $889.00 million during the quarter, compared to analyst estimates of $843.59 million. During the same period in the prior year, the company earned $0.71 EPS. The business's quarterly revenue was up 6.7% compared to the same quarter last year. As a group, analysts forecast that PHINIA Inc. will post 4.21 earnings per share for the current fiscal year.

PHINIA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were paid a $0.30 dividend. This is an increase from PHINIA's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, March 6th. PHINIA's payout ratio is currently 36.92%.

About PHINIA

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. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.

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