Barclays PLC Has $3.35 Million Stock Holdings in PHINIA Inc. (NYSE:PHIN)

Barclays PLC lifted its stake in PHINIA Inc. (NYSE:PHIN - Free Report) by 336.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,805 shares of the company's stock after purchasing an additional 56,114 shares during the period. Barclays PLC owned 0.17% of PHINIA worth $3,351,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in PHINIA in the second quarter valued at approximately $49,000. GAMMA Investing LLC increased its position in shares of PHINIA by 23.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock valued at $65,000 after buying an additional 271 shares in the last quarter. Rothschild Investment LLC acquired a new stake in PHINIA during the 2nd quarter worth $66,000. KBC Group NV lifted its holdings in PHINIA by 49.4% during the third quarter. KBC Group NV now owns 1,495 shares of the company's stock worth $69,000 after acquiring an additional 494 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in PHINIA in the second quarter valued at about $76,000. 90.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PHIN. UBS Group started coverage on PHINIA in a report on Wednesday, September 4th. They set a "buy" rating and a $55.00 price objective on the stock. Morgan Stanley lowered shares of PHINIA from an "overweight" rating to an "equal weight" rating and set a $50.00 price target on the stock. in a research note on Wednesday, September 25th.

PHINIA Stock Up 0.8 %

PHIN stock traded up $0.40 during trading hours on Tuesday, reaching $48.03. 201,822 shares of the stock were exchanged, compared to its average volume of 639,830. The firm's 50-day moving average is $50.51 and its 200-day moving average is $46.49. PHINIA Inc. has a 12 month low of $27.86 and a 12 month high of $57.23. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 20.61 and a beta of 1.09. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.93 and a quick ratio of 1.46.

PHINIA (NYSE:PHIN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.38. PHINIA had a return on equity of 9.79% and a net margin of 3.10%. The business had revenue of $839.00 million during the quarter, compared to the consensus estimate of $829.82 million. During the same period last year, the company earned $0.53 earnings per share. PHINIA's quarterly revenue was down 6.4% on a year-over-year basis. On average, equities research analysts expect that PHINIA Inc. will post 3.44 earnings per share for the current year.

PHINIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.08%. PHINIA's dividend payout ratio (DPR) is presently 42.92%.

PHINIA 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.