CHICAGO TRUST Co NA Sells 266 Shares of PHINIA Inc. (NYSE:PHIN)

CHICAGO TRUST Co NA lessened its holdings in shares of PHINIA Inc. (NYSE:PHIN) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,273 shares of the company’s stock after selling 266 shares during the quarter. CHICAGO TRUST Co NA’s holdings in PHINIA were worth $447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PHINIA in the second quarter worth about $49,000. GAMMA Investing LLC increased its stake in 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 during the last quarter. KBC Group NV raised its holdings 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 acquiring an additional 494 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of PHINIA by 4,502.9% during the 3rd quarter. International Assets Investment Management LLC now owns 3,222 shares of the company’s stock valued at $148,000 after acquiring an additional 3,152 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of PHINIA in the third quarter valued at $203,000. Institutional investors own 90.94% of the company’s stock.

PHINIA Trading Up 2.6 %

Shares of NYSE PHIN opened at $48.53 on Tuesday. The stock has a market capitalization of $2.04 billion, a P/E ratio of 20.83 and a beta of 1.35. PHINIA Inc. has a 1-year low of $27.86 and a 1-year high of $57.23. The business’s 50 day moving average is $51.15 and its two-hundred day moving average is $47.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.93 and a quick ratio of 1.46.

PHINIA (NYSE:PHIN) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.38. The company had revenue of $839.00 million for the quarter, compared to analyst estimates of $829.82 million. PHINIA had a return on equity of 9.79% and a net margin of 3.10%. PHINIA’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. As a group, research analysts expect that PHINIA Inc. will post 3.44 EPS for the current year.

PHINIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were paid 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 dividend yield of 2.06%. PHINIA’s dividend payout ratio is presently 42.92%.

Analysts Set New Price Targets

Separately, Morgan Stanley downgraded shares of PHINIA from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a research note on Wednesday, September 25th.

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.