PHINIA Inc. (NYSE:PHIN) is Kailix Advisors LLC's 5th Largest Position

Kailix Advisors LLC lowered its position in shares of PHINIA Inc. (NYSE:PHIN - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 540,315 shares of the company's stock after selling 77,500 shares during the quarter. PHINIA makes up about 9.2% of Kailix Advisors LLC's investment portfolio, making the stock its 5th largest position. Kailix Advisors LLC owned approximately 1.16% of PHINIA worth $16,366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Alaska Permanent Fund Corp raised its position in shares of PHINIA by 132.1% during the fourth quarter. Alaska Permanent Fund Corp now owns 23,578 shares of the company's stock worth $714,000 after acquiring an additional 13,418 shares during the last quarter. Arbor Wealth Advisors LLC bought a new stake in shares of PHINIA during the fourth quarter worth $654,000. Parkside Financial Bank & Trust increased its holdings in PHINIA by 816.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 990 shares of the company's stock valued at $30,000 after purchasing an additional 882 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in PHINIA in the fourth quarter valued at about $709,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in PHINIA by 29,200.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,344 shares of the company's stock valued at $71,000 after purchasing an additional 2,336 shares during the last quarter. Institutional investors own 90.94% of the company's stock.

Analyst Ratings Changes

Separately, Morgan Stanley started coverage on PHINIA in a report on Monday, March 11th. They issued an "overweight" rating and a $50.00 price objective for the company.

PHINIA Stock Performance

NYSE PHIN traded up $0.53 during trading hours on Friday, hitting $38.85. 436,239 shares of the company traded hands, compared to its average volume of 527,806. The business's 50-day moving average is $36.70 and its 200-day moving average is $31.07. PHINIA Inc. has a twelve month low of $23.46 and a twelve month high of $40.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.71.

PHINIA (NYSE:PHIN - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.34. The firm had revenue of $863.00 million for the quarter, compared to analyst estimates of $800.00 million. PHINIA had a return on equity of 7.52% and a net margin of 3.06%. The business's quarterly revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts forecast that PHINIA Inc. will post 4.05 EPS for the current year.

PHINIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.57%.

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.