PHINIA (NYSE:PHIN) Reaches New 1-Year High at $40.99

PHINIA Inc. (NYSE:PHIN)’s share price hit a new 52-week high on Monday . The company traded as high as $40.99 and last traded at $40.86, with a volume of 510161 shares traded. The stock had previously closed at $38.85.

Analyst Ratings Changes

Separately, Morgan Stanley initiated coverage on PHINIA in a research report on Monday, March 11th. They set an “overweight” rating and a $50.00 target price on the stock.

PHINIA Stock Performance

The company has a fifty day moving average of $37.03 and a 200-day moving average of $31.25. The company has a quick ratio of 1.27, a current ratio of 1.71 and a debt-to-equity ratio of 0.38.

PHINIA (NYSE:PHIN) last announced its earnings results on Thursday, April 25th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.34. The company had revenue of $863.00 million for the quarter, compared to analysts’ expectations of $800.00 million. PHINIA had a net margin of 3.06% and a return on equity of 7.52%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, analysts expect that PHINIA Inc. will post 4.05 earnings per share for the current year.

PHINIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Friday, February 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PHIN. Oakworth Capital Inc. acquired a new stake in PHINIA in the third quarter valued at $27,000. Whittier Trust Co. purchased a new position in shares of PHINIA in the 3rd quarter valued at about $29,000. Parkside Financial Bank & Trust raised its position in shares of PHINIA by 816.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 990 shares of the company’s stock worth $30,000 after acquiring an additional 882 shares in the last quarter. Truvestments Capital LLC purchased a new stake in PHINIA during the third quarter worth approximately $35,000. Finally, Quarry LP acquired a new position in PHINIA in the fourth quarter valued at approximately $37,000. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

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.