In the third quarter, Grantham Mayo Van Otterloo & Co. LLC increased its ownership of PHINIA Inc. (NYSE:PHIN – Free Report) shares, as per the company’s most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,652 shares of the business’s stock, which had a $446,000 estimated value.

Some institutional investors and hedge funds have also changed their holdings of PHIN. In the third quarter, Rafferty Asset Management LLC invested an additional $439,000 in PHINIA. Save at Bank In the third quarter, Julius Baer & Co. Ltd. Zurich acquired a new stake in PHINIA for approximately $432,000. During the third quarter, PNC Financial Services Group Inc. paid approximately $327,000 for a new investment in PHINIA. In the third quarter, Amitell Capital Pte Ltd invested a fresh $2,830,000 in PHINIA. Lastly, in the third quarter, Rhumbline Advisers invested an additional $3,540,000 in PHINIA.

PHINIA Cost-Efficiency.

PHINIA stock opened Thursday at $34.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.21, and a current ratio of 1.61. The fifty-day and two-hundred-day moving average prices, respectively, of the company are $29.98 and $27.76. PHINIA Inc. has seen 52-week lows of $23.46 and highs of $37.00.

PHINIA Declares Dividend.

Additionally, the company announced that it will pay a quarterly dividend on Friday, March 15th. A $0.25 dividend will be distributed to investors who were of record on Monday, February 26th. Friday, February 23rd, is the ex-dividend date. This has an annualized dividend of $1.00 and a 2.93% yield.

For use in commercial and light vehicles as well as industrial applications, PHINIA Inc. develops, designs, and produces integrated parts and systems that maximize performance, boost efficiency, and lower emissions in combustion and hybrid propulsion. Fuel Systems and Aftermarket comprise its two operational segments.