PHINIA Inc. (NYSE:PHIN) Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its holdings in shares of PHINIA Inc. (NYSE:PHIN) by 816.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 990 shares of the company’s stock after acquiring an additional 882 shares during the period. Parkside Financial Bank & Trust’s holdings in PHINIA were worth $30,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. acquired a new stake in PHINIA in the third quarter valued at $142,304,000. Pacer Advisors Inc. grew its holdings in PHINIA by 58.2% in the fourth quarter. Pacer Advisors Inc. now owns 2,350,167 shares of the company’s stock valued at $71,187,000 after purchasing an additional 865,016 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new stake in PHINIA in the third quarter valued at $56,398,000. Harris Associates L P acquired a new stake in PHINIA in the third quarter valued at $53,654,000. Finally, LSV Asset Management acquired a new stake in PHINIA in the third quarter valued at $19,461,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

Analysts Set New Price Targets

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

PHINIA Price Performance

Shares of NYSE:PHIN opened at $38.85 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.71. PHINIA Inc. has a 52-week low of $23.46 and a 52-week high of $40.12. The stock’s fifty day simple moving average is $36.70 and its 200-day simple moving average is $31.02.

PHINIA (NYSE:PHIN) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.34. PHINIA had a return on equity of 7.52% and a net margin of 3.06%. The business had revenue of $863.00 million for the quarter, compared to the consensus estimate of $800.00 million. PHINIA’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, research analysts predict that PHINIA Inc. will post 4.05 EPS for the current year.

PHINIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were given a $0.25 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.00 annualized dividend and a dividend yield of 2.57%.

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.