1 day Ago By ABMN Staff
Sei Investments Co. reduced its stake in shares of PHINIA Inc. ( NYSE:PHIN – Free Report ) by 13.
4% in the 4th quarter, Holdings Channel.com reports. The fund owned 111,965 shares of the company’s stock after selling 17,336 shares during the quarter.
Sei Investments Co.’s holdings in PHINIA were worth $5,392,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors also recently modified their holdings of PHIN.
Smartleaf Asset Management LLC lifted its position in shares of PHINIA by 149.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 698 shares of the company’s stock worth $33,000 after purchasing an additional 418 shares during the last quarter.
KBC Group NV raised its stake in PHINIA by 45.8% during the fourth quarter. KBC Group NV now owns 2,180 shares of the company’s stock valued at $105,000 after buying an additional 685 shares in the last quarter.
AlphaQuest LLC bought a new position in PHINIA during the 4th quarter worth approximately $173,000. State of Michigan Retirement System acquired a new position in shares of PHINIA in the 4th quarter worth approximately $203,000. Finally, Paloma Partners Management Co bought a new stake in shares of PHINIA in the 3rd quarter valued at approximately $258,000.
Institutional investors own 90.94% of the company’s stock. PHINIA Price Performance Shares of PHIN opened at $42.
91 on Wednesday. PHINIA Inc. has a 12 month low of $36.
10 and a 12 month high of $57.23. The company has a debt-to-equity ratio of 0.
61, a current ratio of 1.90 and a quick ratio of 1.44.
The stock has a fifty day moving average price of $47.58 and a 200 day moving average price of $48.66.
The company has a market cap of $1.75 billion, a P/E ratio of 24.52 and a beta of 1.
38. PHINIA Increases Dividend The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.
27 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.
08 annualized dividend and a dividend yield of 2.52%. This is a positive change from PHINIA’s previous quarterly dividend of $0.
25. PHINIA’s dividend payout ratio (DPR) is presently 61.71%.
Wall Street Analysts Forecast Growth Several equities analysts recently issued reports on PHIN shares. UBS Group raised their price objective on PHINIA from $55.00 to $57.
00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Northland Securities began coverage on shares of PHINIA in a research report on Thursday, January 30th. They issued an “outperform” rating and a $61.
00 price target on the stock. Northland Capmk raised shares of PHINIA to a “strong-buy” rating in a report on Thursday, January 30th. Finally, CL King initiated coverage on shares of PHINIA in a research note on Monday, March 24th.
They set a “buy” rating and a $54.00 price objective on the stock. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock.
According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $55.50. Get Our Latest Stock Report on PHINIA About PHINIA ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding PHIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PHINIA Inc.
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