Kailix Advisors LLC Sells 77,500 Shares of PHINIA Inc. (NYSE:PHIN)

Kailix Advisors LLC cut its stake in PHINIA Inc. (NYSE:PHIN) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 540,315 shares of the company’s stock after selling 77,500 shares during the period. PHINIA makes up 9.2% of Kailix Advisors LLC’s investment portfolio, making the stock its 5th largest position. Kailix Advisors LLC owned about 1.16% of PHINIA worth $16,366,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Oakworth Capital Inc. purchased a new position in PHINIA in the third quarter valued at approximately $27,000. Whittier Trust Co. purchased a new position in PHINIA in the third quarter valued at approximately $29,000. Parkside Financial Bank & Trust raised its holdings in PHINIA by 816.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 990 shares of the company’s stock valued at $30,000 after buying an additional 882 shares during the period. Truvestments Capital LLC purchased a new position in PHINIA in the third quarter valued at approximately $35,000. Finally, Fifth Third Bancorp purchased a new position in PHINIA in the third quarter valued at approximately $42,000. 90.94% of the stock is owned by institutional investors and hedge funds.

PHINIA Stock Performance

Shares of PHIN traded up $0.53 during mid-day trading on Friday, reaching $38.85. 436,239 shares of the stock traded hands, compared to its average volume of 527,806. The stock has a fifty day simple moving average of $36.70 and a 200 day simple moving average of $31.02. PHINIA Inc. has a 12-month low of $23.46 and a 12-month high of $40.12. The company has a current ratio of 1.71, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38.

PHINIA (NYSE:PHIN) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.34. The business had revenue of $863.00 million during the quarter, compared to the consensus estimate of $800.00 million. PHINIA had a net margin of 3.06% and a return on equity of 7.52%. The company’s revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that PHINIA Inc. will post 4.05 EPS for the current fiscal year.

PHINIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.57%. The ex-dividend date was Friday, February 23rd.

Analyst Upgrades and Downgrades

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

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.