Tudor Investment Corp ET AL Invests $3.85 Million in PHINIA Inc. $PHIN

Tudor Investment Corp ET AL bought a new stake in shares of PHINIA Inc. (NYSE:PHIN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 66,980 shares of the company’s stock, valued at approximately $3,850,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in PHINIA by 34.4% in the third quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock worth $50,000 after buying an additional 222 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of PHINIA by 350.0% in the second quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company’s stock valued at $42,000 after acquiring an additional 700 shares during the period. MAI Capital Management raised its stake in shares of PHINIA by 845.4% in the third quarter. MAI Capital Management now owns 917 shares of the company’s stock valued at $53,000 after acquiring an additional 820 shares during the period. State of Wyoming bought a new stake in shares of PHINIA in the 2nd quarter worth about $60,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of PHINIA by 296.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,436 shares of the company’s stock worth $83,000 after acquiring an additional 1,074 shares during the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PHIN shares. Zacks Research upgraded shares of PHINIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Freedom Capital lowered PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PHINIA in a research note on Monday, December 29th. Finally, UBS Group reiterated a “neutral” rating and issued a $76.00 price target on shares of PHINIA in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.80.

PHINIA Stock Down 0.4%

Shares of PHIN opened at $68.65 on Friday. The firm has a fifty day moving average price of $70.49 and a 200-day moving average price of $61.86. The company has a current ratio of 1.86, a quick ratio of 1.36 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.60 billion, a P/E ratio of 21.12 and a beta of 1.36. PHINIA Inc. has a 12-month low of $36.25 and a 12-month high of $81.11.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.17). PHINIA had a return on equity of 12.56% and a net margin of 3.73%.The company had revenue of $889.00 million during the quarter, compared to analysts’ expectations of $843.59 million. During the same period in the prior year, the business earned $0.71 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Equities research analysts expect that PHINIA Inc. will post 4.21 earnings per share for the current year.

PHINIA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from PHINIA’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 6th. PHINIA’s dividend payout ratio is 36.92%.

Insider Activity at PHINIA

In other news, VP Christopher Gustanski sold 3,812 shares of PHINIA stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $72.73, for a total transaction of $277,246.76. Following the completion of the sale, the vice president owned 14,871 shares of the company’s stock, valued at approximately $1,081,567.83. The trade was a 20.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Neil Fryer sold 624 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $72.75, for a total value of $45,396.00. Following the completion of the sale, the vice president owned 18,180 shares of the company’s stock, valued at $1,322,595. The trade was a 3.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.00% of the company’s stock.

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. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.