MassMutual Private Wealth & Trust FSB Boosts Stock Holdings in PHINIA Inc. (NYSE:PHIN)

MassMutual Private Wealth & Trust FSB lifted its holdings in PHINIA Inc. (NYSE:PHIN) by 30,454.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,444 shares of the company’s stock after purchasing an additional 13,400 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in PHINIA were worth $648,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PHIN. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PHINIA during the second quarter worth $49,000. GAMMA Investing LLC raised its position in shares of PHINIA by 23.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $65,000 after acquiring an additional 271 shares in the last quarter. KBC Group NV lifted its stake in shares of PHINIA by 49.4% during the 3rd quarter. KBC Group NV now owns 1,495 shares of the company’s stock worth $69,000 after purchasing an additional 494 shares during the last quarter. International Assets Investment Management LLC boosted its position in PHINIA by 4,502.9% during the third quarter. International Assets Investment Management LLC now owns 3,222 shares of the company’s stock valued at $148,000 after purchasing an additional 3,152 shares in the last quarter. Finally, Creative Planning purchased a new position in PHINIA in the third quarter valued at about $203,000. 90.94% of the stock is currently owned by institutional investors.

PHINIA Price Performance

Shares of NYSE PHIN opened at $50.79 on Wednesday. PHINIA Inc. has a fifty-two week low of $28.88 and a fifty-two week high of $57.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.46 and a current ratio of 1.93. The company has a market cap of $2.14 billion, a PE ratio of 21.80 and a beta of 1.35. The business has a 50-day simple moving average of $51.23 and a two-hundred day simple moving average of $47.68.

PHINIA (NYSE:PHIN) last released its earnings results 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. The company had revenue of $839.00 million for the quarter, compared to the consensus estimate of $829.82 million. PHINIA had a net margin of 3.10% and a return on equity of 9.79%. PHINIA’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. As a group, equities analysts expect that PHINIA Inc. will post 3.44 EPS for the current fiscal year.

PHINIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 1.97%. PHINIA’s dividend payout ratio is currently 42.92%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PHIN shares. Morgan Stanley cut shares of PHINIA from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a report on Wednesday, September 25th. UBS Group lifted their price target on shares of PHINIA from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, January 16th.

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.