PHINIA Inc. $PHIN is Voss Capital LP's 2nd Largest Position

Voss Capital LP increased its stake in PHINIA Inc. (NYSE:PHIN - Free Report) by 10.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,290,000 shares of the company's stock after purchasing an additional 222,658 shares during the quarter. PHINIA accounts for 7.0% of Voss Capital LP's portfolio, making the stock its 2nd largest position. Voss Capital LP owned about 5.89% of PHINIA worth $101,882,000 as of its most recent filing with the Securities and Exchange Commission.Several other hedge funds and other institutional investors have also recently modified their holdings of the company. EMC Capital Management bought a new stake in shares of PHINIA in the second quarter worth $39,000. TD Waterhouse Canada Inc. boosted its position in PHINIA by 350.0% in the second quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company's stock worth $42,000 after purchasing an additional 700 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of PHINIA by 853.0% during the 1st quarter. Brooklyn Investment Group now owns 1,582 shares of the company's stock valued at $67,000 after purchasing an additional 1,416 shares during the period. Traub Capital Management LLC purchased a new stake in shares of PHINIA during the 2nd quarter valued at about $77,000. Finally, Panagora Asset Management Inc. bought a new position in shares of PHINIA in the 2nd quarter worth approximately $205,000. 90.94% of the stock is owned by institutional investors. PHINIA Price PerformanceNYSE:PHIN opened at $54.45 on Monday. The business's 50-day simple moving average is $53.88 and its two-hundred day simple moving average is $51.76. PHINIA Inc. has a 52 week low of $36.25 and a 52 week high of $59.88. The stock has a market cap of $2.09 billion, a PE ratio of 24.53, a P/E/G ratio of 0.51 and a beta of 1.43. The company has a quick ratio of 1.25, a current ratio of 1.72 and a debt-to-equity ratio of 0.61. PHINIA (NYSE:PHIN - Get Free Report) last released its earnings results on Tuesday, October 28th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.42. PHINIA had a return on equity of 11.64% and a net margin of 2.63%.The firm had revenue of $908.00 million during the quarter, compared to analysts' expectations of $861.57 million. During the same quarter last year, the business posted $1.17 earnings per share. The firm's revenue was up 8.2% on a year-over-year basis. As a group, analysts forecast that PHINIA Inc. will post 4.21 EPS for the current fiscal year. PHINIA Announces DividendThe business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, November 24th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, November 24th. PHINIA's payout ratio is 48.65%. Wall Street Analyst Weigh InSeveral analysts recently issued reports on PHIN shares. Morgan Stanley boosted their target price on shares of PHINIA from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. BNP Paribas Exane raised shares of PHINIA from a "neutral" rating to an "outperform" rating and set a $63.00 price objective for the company in a research report on Monday, November 3rd. UBS Group decreased their target price on PHINIA from $62.00 to $59.00 and set a "neutral" rating on the stock in a report on Wednesday, October 29th. Weiss Ratings reissued a "hold (c)" rating on shares of PHINIA in a report on Monday, December 1st. Finally, Bank of America upped their price target on PHINIA from $60.00 to $64.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, PHINIA has a consensus rating of "Moderate Buy" and a consensus price target of $56.43.View Our Latest Report on PHINIAInsider Buying and Selling at PHINIAIn related news, VP Samantha Pombier sold 1,940 shares of the company's stock in a transaction on Friday, November 14th. The shares were sold at an average price of $54.14, for a total transaction of $105,031.60. Following the completion of the transaction, the vice president owned 8,869 shares in the company, valued at approximately $480,167.66. This represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Hongyong Yang sold 893 shares of the firm's stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $52.43, for a total transaction of $46,819.99. Additional details regarding this sale are available in the official SEC disclosure. 2.00% of the stock is currently owned by insiders. 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. The company operates through Fuel Systems and Aftermarket segments.Further ReadingFive stocks we like better than PHINIAInvesting In Preferred Stock vs. Common StockBroadcom’s Biggest Test Yet: Will Q4 Earnings Spark Another Rally?What is the MACD Indicator and How to Use it in Your TradingRubrik’s Massive Rebound: Why the Next Leg Higher Could Be FastWhat to Know About Investing in Penny StocksFive Below and Dollar Tree Earnings Signal a Shopper ShiftThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in PHINIA Right Now?Before you consider PHINIA, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PHINIA wasn't on the list.While PHINIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here