Individual investors hold a majority stake of 54% in PHINIA Inc., according to data released on Friday. The significant holding gives them considerable sway over key policy decisions, including board composition and dividend payout ratios.
Institutional investors also hold a substantial 39% stake in the company, with BlackRock (NYSE:BLK), Inc., The Vanguard Group, Inc., and Fifthdelta Ltd identified as key stakeholders. Their actions can significantly influence the share price of PHINIA Inc.
Hedge funds control a smaller portion of the company's shares, at 5.1%. These investors often seek medium-term catalysts for price growth.
Company insiders, including CEO Brady Ericson, have invested a notable $23 million in PHINIA Inc. This significant investment could potentially pose challenges in ensuring board accountability. According to InvestingPro Tips, management has been aggressively buying back shares, which often signals confidence in the company's future prospects.
Despite these substantial holdings, PHINIA's shares are widely dispersed with no dominant shareholder. This dispersion can result in a diverse range of perspectives influencing the company's direction.
PHINIA Inc. has been facing some challenges recently. InvestingPro data reveals that the company's stock has taken a significant hit over the last week, month, and three months, with total returns of -8.98%, -17.68%, and -49.33% respectively. The company's share price is currently trading near its 52-week low, at 47.2% of its high.
The company's past earnings trajectory and analyst coverage play crucial roles in stock valuation. Additionally, PHINIA's inclusion in major indexes often boosts institutional enthusiasm for its shares. However, it's worth noting that according to InvestingPro Tips, the company has not been profitable over the last 12 months, and analysts do not anticipate the company will be profitable this year.
Despite these challenges, PHINIA Inc. holds more cash than debt on its balance sheet and its liquid assets exceed short-term obligations, suggesting a solid financial footing. The company's revenue growth has also been robust, with a rate of 30.27% for the last twelve months, according to InvestingPro data.
InvestingPro Tips suggest that the Relative Strength Index (RSI) indicates the stock is in oversold territory, which could potentially signal a buying opportunity for investors. For more in-depth tips and real-time metrics, consider subscribing to InvestingPro's premium services here.
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