PHINIA (NYSE:PHIN) Sets New 1-Year High at $40.99

Shares of PHINIA Inc. (NYSE:PHIN) reached a new 52-week high on Monday . The stock traded as high as $40.99 and last traded at $40.86, with a volume of 510161 shares trading hands. The stock had previously closed at $38.85.

Wall Street Analysts Forecast Growth

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

PHINIA Stock Performance

The stock has a 50 day moving average price of $36.70 and a two-hundred day moving average price of $31.07. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.38.

PHINIA (NYSE:PHIN) last issued its earnings results on Thursday, April 25th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.34. The firm had revenue of $863.00 million for the quarter, compared to analyst estimates of $800.00 million. PHINIA had a return on equity of 7.52% and a net margin of 3.06%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Sell-side analysts predict that PHINIA Inc. will post 4.05 EPS for the current year.

PHINIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.46%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PHIN. Rhumbline Advisers acquired a new position in shares of PHINIA during the 3rd quarter worth approximately $3,540,000. Invesco Ltd. acquired a new position in shares of PHINIA during the 3rd quarter worth approximately $11,563,000. Assenagon Asset Management S.A. purchased a new position in PHINIA in the 4th quarter valued at $6,913,000. Janney Montgomery Scott LLC purchased a new position in PHINIA in the 3rd quarter valued at $656,000. Finally, Natixis Advisors L.P. purchased a new position in PHINIA in the 3rd quarter valued at $1,004,000. 90.94% of the stock is owned by institutional investors and hedge funds.

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.