PHINIA Inc. (NYSE:PHIN – Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $42.48 and last traded at $42.48, with a volume of 110311 shares changing hands. The stock had previously closed at $41.08.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley started coverage on shares of PHINIA in a research note on Monday, March 11th. They issued an “overweight” rating and a $50.00 price objective on the stock.
Check Out Our Latest Research Report on PHIN
PHINIA Trading Up 0.5 %
PHINIA (NYSE:PHIN – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.34. PHINIA had a net margin of 3.06% and a return on equity of 7.52%. The company had revenue of $863.00 million for the quarter, compared to analyst estimates of $800.00 million. PHINIA’s quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts predict that PHINIA Inc. will post 4.05 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. bought a new stake in shares of PHINIA during the 3rd quarter valued at about $142,304,000. Cooper Creek Partners Management LLC acquired a new stake in shares of PHINIA during the 3rd quarter worth approximately $56,398,000. Harris Associates L P bought a new stake in shares of PHINIA in the 3rd quarter valued at $53,654,000. Pacer Advisors Inc. lifted its position in shares of PHINIA by 58.2% during the 4th quarter. Pacer Advisors Inc. now owns 2,350,167 shares of the company’s stock valued at $71,187,000 after acquiring an additional 865,016 shares during the period. Finally, LSV Asset Management bought a new position in PHINIA during the third quarter worth $19,461,000. 90.94% of the stock is owned by institutional investors.
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.
Recommended Stories
- Five stocks we like better than PHINIA
- What does consumer price index measure?
- Does Logitech’s EPS Beat Signal the Rebound of Video Gaming?
- What is an Earnings Surprise?
- MU Nears Breakout as Analysts Continue to Pound the Table
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Upwork Capitalizes on the Growing AI Gig Economy
Receive News & Ratings for PHINIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PHINIA and related companies with MarketBeat.com's FREE daily email newsletter.