Algert Global LLC Boosts Holdings in PHINIA Inc. (NYSE:PHIN)

Algert Global LLC increased its holdings in PHINIA Inc. (NYSE:PHIN) by 14.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,738 shares of the company’s stock after purchasing an additional 4,146 shares during the period. Algert Global LLC owned approximately 0.08% of PHINIA worth $1,625,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in PHINIA by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,048,051 shares of the company’s stock worth $98,653,000 after purchasing an additional 253,345 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of PHINIA by 32.6% in the 4th quarter. First Trust Advisors LP now owns 1,866,894 shares of the company’s stock valued at $89,928,000 after acquiring an additional 458,650 shares during the last quarter. Voss Capital LP boosted its holdings in PHINIA by 31.8% during the 4th quarter. Voss Capital LP now owns 1,417,081 shares of the company’s stock valued at $68,261,000 after acquiring an additional 342,081 shares during the period. American Century Companies Inc. grew its position in PHINIA by 8.5% during the 4th quarter. American Century Companies Inc. now owns 1,414,155 shares of the company’s stock worth $68,120,000 after acquiring an additional 110,931 shares during the last quarter. Finally, LSV Asset Management increased its stake in PHINIA by 6.0% in the 4th quarter. LSV Asset Management now owns 832,236 shares of the company’s stock worth $40,089,000 after purchasing an additional 46,919 shares during the period. Hedge funds and other institutional investors own 90.94% of the company’s stock.

PHINIA Price Performance

PHIN stock opened at $41.75 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.44. PHINIA Inc. has a 1 year low of $36.25 and a 1 year high of $57.23. The firm has a 50-day moving average of $41.76 and a 200 day moving average of $47.40. The company has a market cap of $1.66 billion, a P/E ratio of 23.86 and a beta of 1.59.

PHINIA (NYSE:PHIN) last announced its earnings results on Friday, April 25th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.10). PHINIA had a return on equity of 10.12% and a net margin of 2.32%. The firm had revenue of $796.00 million during the quarter, compared to the consensus estimate of $813.24 million. During the same period in the prior year, the company posted $1.08 EPS. The firm’s revenue was down 7.8% on a year-over-year basis. On average, sell-side analysts forecast that PHINIA Inc. will post 4.21 EPS for the current year.

PHINIA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.27 dividend. The ex-dividend date was Friday, February 28th. This is an increase from PHINIA’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.59%. PHINIA’s dividend payout ratio is currently 61.36%.

Wall Street Analyst Weigh In

PHIN has been the topic of several recent analyst reports. CL King began coverage on shares of PHINIA in a report on Monday, March 24th. They issued a “buy” rating and a $54.00 target price on the stock. Northland Securities started coverage on shares of PHINIA in a report on Thursday, January 30th. They issued an “outperform” rating and a $61.00 price target on the stock. Bank of America initiated coverage on shares of PHINIA in a research note on Thursday, April 10th. They set a “buy” rating and a $53.00 price objective for the company. UBS Group reissued a “neutral” rating and issued a $45.00 target price (down from $56.00) on shares of PHINIA in a research note on Thursday, April 10th. Finally, BNP Paribas lowered PHINIA from an “outperform” rating to a “neutral” rating and set a $46.00 price target for the company. in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, PHINIA presently has a consensus rating of “Moderate Buy” and an average price target of $51.50.

Insider Buying and Selling

In other PHINIA news, CEO Brady D. Ericson acquired 10,000 shares of the business’s stock in a transaction on Wednesday, April 30th. The shares were acquired at an average price of $39.73 per share, for a total transaction of $397,300.00. Following the completion of the acquisition, the chief executive officer now owns 436,486 shares in the company, valued at $17,341,588.78. This trade represents a 2.34 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

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.