PHINIA (NYSE:PHIN) Sets New 52-Week High at $47.58

PHINIA Inc. (NYSE:PHIN) hit a new 52-week high on Wednesday . The stock traded as high as $47.58 and last traded at $47.56, with a volume of 180295 shares. The stock had previously closed at $45.94.

PHINIA Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.85 and a quick ratio of 1.38. The firm has a market cap of $2.19 billion and a price-to-earnings ratio of 14.02. The firm has a fifty day simple moving average of $42.36 and a two-hundred day simple moving average of $39.80.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.27). PHINIA had a return on equity of 8.04% and a net margin of 2.48%. The firm had revenue of $868.00 million during the quarter, compared to analysts’ expectations of $889.00 million. During the same quarter in the previous year, the business earned $1.61 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, analysts expect that PHINIA Inc. will post 3.37 EPS for the current year.

PHINIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 23rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, August 23rd.

Insider Transactions at PHINIA

In other news, VP Robert Boyle sold 1,828 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $43.77, for a total value of $80,011.56. Following the completion of the transaction, the vice president now directly owns 36,337 shares in the company, valued at $1,590,470.49. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PHIN. Vanguard Group Inc. raised its position in PHINIA by 1.9% during the first quarter. Vanguard Group Inc. now owns 5,408,495 shares of the company’s stock valued at $207,848,000 after acquiring an additional 102,769 shares in the last quarter. Dimensional Fund Advisors LP raised its position in PHINIA by 19.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,317,846 shares of the company’s stock valued at $51,869,000 after acquiring an additional 215,150 shares in the last quarter. American Century Companies Inc. raised its position in PHINIA by 33.2% during the second quarter. American Century Companies Inc. now owns 1,009,106 shares of the company’s stock valued at $39,718,000 after acquiring an additional 251,650 shares in the last quarter. LSV Asset Management increased its position in shares of PHINIA by 0.7% in the second quarter. LSV Asset Management now owns 780,569 shares of the company’s stock valued at $30,723,000 after buying an additional 5,792 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of PHINIA in the fourth quarter valued at approximately $16,896,000. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

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.