Villanova Investment Management Co LLC Lowers Position in PHINIA Inc. (NYSE:PHIN)

Villanova Investment Management Co LLC cut its stake in shares of PHINIA Inc. (NYSE:PHIN) by 19.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,727 shares of the company’s stock after selling 8,557 shares during the period. PHINIA makes up 1.8% of Villanova Investment Management Co LLC’s holdings, making the stock its 27th biggest holding. Villanova Investment Management Co LLC owned approximately 0.08% of PHINIA worth $1,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in PHIN. Price T Rowe Associates Inc. MD boosted its position in shares of PHINIA by 147.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,512 shares of the company’s stock worth $1,404,000 after buying an additional 21,731 shares during the period. GAMMA Investing LLC increased its stake in PHINIA by 100.4% during the second quarter. GAMMA Investing LLC now owns 1,132 shares of the company’s stock worth $45,000 after purchasing an additional 567 shares during the period. CHICAGO TRUST Co NA lifted its position in shares of PHINIA by 38.5% during the second quarter. CHICAGO TRUST Co NA now owns 8,826 shares of the company’s stock worth $347,000 after purchasing an additional 2,454 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of PHINIA by 157.3% in the second quarter. SG Americas Securities LLC now owns 100,845 shares of the company’s stock valued at $3,969,000 after purchasing an additional 61,650 shares during the period. Finally, Twelve Points Wealth Management LLC acquired a new position in shares of PHINIA in the second quarter valued at approximately $200,000. 90.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PHIN has been the topic of a number of research reports. UBS Group began coverage on shares of PHINIA in a report on Wednesday, September 4th. They set a “buy” rating and a $55.00 target price on the stock. Morgan Stanley cut PHINIA from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective on the stock. in a research note on Wednesday, September 25th.

PHINIA Stock Performance

Shares of PHIN opened at $53.18 on Friday. The stock has a 50-day simple moving average of $49.11 and a 200-day simple moving average of $45.89. 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 1 year low of $26.08 and a 1 year high of $57.23. The stock has a market capitalization of $2.24 billion, a PE ratio of 22.82 and a beta of 1.10.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.17 EPS 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 company had revenue of $839.00 million during the quarter, compared to analysts’ expectations of $829.82 million. During the same quarter in the previous year, the business posted $0.53 EPS. The firm’s revenue was down 6.4% on a year-over-year basis. On average, analysts predict that PHINIA Inc. will post 3.44 earnings per share for the current fiscal year.

PHINIA Dividend Announcement

The firm also recently declared 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 1.88%. The ex-dividend date is Monday, November 25th. PHINIA’s dividend payout ratio is presently 42.92%.

PHINIA 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.