Boston Partners Makes New $1.07 Million Investment in PHINIA Inc. (NYSE:PHIN)

Boston Partners acquired a new position in shares of PHINIA Inc. (NYSE:PHINFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 39,736 shares of the company’s stock, valued at approximately $1,065,000. Boston Partners owned about 0.08% of PHINIA as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PHIN. LSV Asset Management acquired a new position in PHINIA in the third quarter valued at $19,461,000. Kailix Advisors LLC acquired a new position in PHINIA in the third quarter valued at $16,551,000. Ninety One UK Ltd acquired a new position in PHINIA in the third quarter valued at $15,940,000. Peregrine Capital Management LLC acquired a new position in PHINIA in the third quarter valued at $9,208,000. Finally, Barclays PLC purchased a new stake in PHINIA during the third quarter valued at about $8,772,000.

PHINIA Stock Performance

PHIN stock opened at $31.02 on Wednesday. The stock has a 50-day moving average price of $28.97 and a two-hundred day moving average price of $27.54. PHINIA Inc. has a 12-month low of $23.46 and a 12-month high of $37.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.61 and a quick ratio of 1.21.

PHINIA (NYSE:PHINGet Free Report) last issued its earnings results on Monday, November 6th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.56). The firm had revenue of $896.00 million during the quarter, compared to the consensus estimate of $909.00 million. The firm’s quarterly revenue was up 4.3% on a year-over-year basis.

PHINIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Monday, February 26th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, February 23rd.

PHINIA Company Profile

(Free Report)

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. It operates through two segments: Fuel Systems and Aftermarket.

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Institutional Ownership by Quarter for PHINIA (NYSE:PHIN)

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