MassMutual Private Wealth & Trust FSB Has $648,000 Holdings in PHINIA Inc. (NYSE:PHIN)

MassMutual Private Wealth & Trust FSB raised its position in shares of PHINIA Inc. (NYSE:PHIN - Free Report) by 30,454.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,444 shares of the company's stock after acquiring an additional 13,400 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in PHINIA were worth $648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PHIN. Ritholtz Wealth Management lifted its stake in shares of PHINIA by 50.8% in the fourth quarter. Ritholtz Wealth Management now owns 28,046 shares of the company's stock valued at $1,351,000 after buying an additional 9,442 shares during the period. CWA Asset Management Group LLC increased its position in shares of PHINIA by 23.5% during the fourth quarter. CWA Asset Management Group LLC now owns 20,797 shares of the company's stock valued at $1,002,000 after purchasing an additional 3,954 shares during the period. Principal Financial Group Inc. raised its stake in shares of PHINIA by 1.1% in the third quarter. Principal Financial Group Inc. now owns 227,742 shares of the company's stock valued at $10,483,000 after purchasing an additional 2,422 shares in the last quarter. Tidal Investments LLC bought a new position in PHINIA in the third quarter worth $527,000. Finally, ABS Direct Equity Fund LLC boosted its stake in PHINIA by 12,400.0% during the third quarter. ABS Direct Equity Fund LLC now owns 50,000 shares of the company's stock worth $2,302,000 after buying an additional 49,600 shares in the last quarter. 90.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on PHIN. Morgan Stanley lowered shares of PHINIA from an "overweight" rating to an "equal weight" rating and set a $50.00 target price on the stock. in a research report on Wednesday, September 25th. UBS Group upped their price target on PHINIA from $55.00 to $57.00 and gave the company a "buy" rating in a research report on Thursday, January 16th.

PHINIA Price Performance

Shares of PHIN traded up $0.13 on Wednesday, hitting $50.97. The company's stock had a trading volume of 356,188 shares, compared to its average volume of 381,845. The company has a 50 day moving average price of $51.23 and a 200 day moving average price of $47.68. PHINIA Inc. has a fifty-two week low of $29.11 and a fifty-two week high of $57.23. The company has a market capitalization of $2.14 billion, a PE ratio of 21.88 and a beta of 1.35. 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 issued its earnings results on Thursday, October 31st. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.38. The company had revenue of $839.00 million for the quarter, compared to analyst estimates of $829.82 million. PHINIA had a net margin of 3.10% and a return on equity of 9.79%. The company's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. On average, research analysts anticipate that PHINIA Inc. will post 3.44 earnings per share for the current fiscal year.

PHINIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Monday, November 25th. PHINIA's dividend payout ratio (DPR) is currently 42.92%.

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.