Bryce Point Capital LLC Makes New $271,000 Investment in PHINIA Inc. (NYSE:PHIN)

Bryce Point Capital LLC bought a new stake in PHINIA Inc. (NYSE:PHIN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,629 shares of the company’s stock, valued at approximately $271,000.

A number of other large investors also recently made changes to their positions in PHIN. Smartleaf Asset Management LLC grew its holdings in PHINIA by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 698 shares of the company’s stock valued at $33,000 after buying an additional 418 shares in the last quarter. KBC Group NV grew its stake in shares of PHINIA by 45.8% in the fourth quarter. KBC Group NV now owns 2,180 shares of the company’s stock valued at $105,000 after acquiring an additional 685 shares in the last quarter. AlphaQuest LLC bought a new position in PHINIA during the fourth quarter worth about $173,000. State of Michigan Retirement System bought a new position in PHINIA during the fourth quarter worth about $203,000. Finally, Magnetar Financial LLC bought a new stake in PHINIA in the 4th quarter valued at about $264,000. Institutional investors own 90.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PHIN shares. UBS Group increased their price objective on shares of PHINIA from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Northland Capmk upgraded PHINIA to a “strong-buy” rating in a research report on Thursday, January 30th. CL King started coverage on shares of PHINIA in a research report on Monday, March 24th. They issued a “buy” rating and a $54.00 price target for the company. Finally, Northland Securities started coverage on PHINIA in a research note on Thursday, January 30th. They issued an “outperform” rating and a $61.00 price target for the company. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $55.50.

PHINIA Trading Down 4.2 %

PHIN opened at $38.03 on Friday. The company has a fifty day moving average price of $46.98 and a two-hundred day moving average price of $48.51. PHINIA Inc. has a 1-year low of $36.10 and a 1-year high of $57.23. The company has a market cap of $1.55 billion, a P/E ratio of 21.73 and a beta of 1.55. The company has a current ratio of 1.90, a quick ratio of 1.44 and a debt-to-equity ratio of 0.61.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). PHINIA had a return on equity of 10.12% and a net margin of 2.32%. The firm had revenue of $833.00 million for the quarter, compared to analyst estimates of $811.94 million. Analysts predict that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.27 dividend. This is a boost from PHINIA’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Friday, February 28th. PHINIA’s dividend payout ratio (DPR) is currently 61.71%.

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.