Investors Research Corp Has $195,000 Stock Position in PHINIA Inc. (NYSE:PHIN)

Investors Research Corp reduced its stake in shares of PHINIA Inc. (NYSE:PHIN) by 9.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,237 shares of the company’s stock after selling 433 shares during the quarter. Investors Research Corp’s holdings in PHINIA were worth $195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of PHIN. Vanguard Group Inc. lifted its stake in shares of PHINIA by 1.9% in the first quarter. Vanguard Group Inc. now owns 5,408,495 shares of the company’s stock valued at $207,848,000 after buying an additional 102,769 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of PHINIA by 15.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,937 shares of the company’s stock worth $343,000 after purchasing an additional 1,169 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of PHINIA during the first quarter valued at approximately $519,000. UniSuper Management Pty Ltd acquired a new position in shares of PHINIA in the first quarter valued at $447,000. Finally, EntryPoint Capital LLC acquired a new stake in PHINIA during the first quarter worth $60,000. 90.94% of the stock is owned by institutional investors.

PHINIA Price Performance

Shares of NYSE:PHIN traded up $1.14 on Thursday, hitting $53.88. The stock had a trading volume of 16,233 shares, compared to its average volume of 637,389. The firm’s 50 day moving average price is $47.50 and its 200-day moving average price is $45.00. 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 twelve month low of $25.19 and a twelve month high of $53.97. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 22.63 and a beta of 0.86.

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

PHINIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Monday, November 25th. PHINIA’s dividend payout ratio is currently 42.92%.

Insider Transactions at PHINIA

In related news, VP Michael Coetzee sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $47.71, for a total value of $42,939.00. Following the completion of the transaction, the vice president now owns 29,540 shares in the company, valued at $1,409,353.40. The trade was a 2.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PHIN. Morgan Stanley cut shares of PHINIA from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. 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 on the stock.

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.