Quent Capital LLC Sells 1,602 Shares of PHINIA Inc. (NYSE:PHIN)

Quent Capital LLC reduced its stake in PHINIA Inc. (NYSE:PHIN) by 35.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,891 shares of the company’s stock after selling 1,602 shares during the quarter. Quent Capital LLC’s holdings in PHINIA were worth $139,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in PHINIA by 23.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $65,000 after acquiring an additional 271 shares in the last quarter. Quantinno Capital Management LP lifted its position in PHINIA by 2.4% in the 3rd quarter. Quantinno Capital Management LP now owns 14,637 shares of the company’s stock valued at $674,000 after acquiring an additional 345 shares in the last quarter. Old North State Wealth Management LLC lifted its position in PHINIA by 4.9% in the 3rd quarter. Old North State Wealth Management LLC now owns 9,589 shares of the company’s stock valued at $442,000 after acquiring an additional 451 shares in the last quarter. KBC Group NV lifted its position in PHINIA by 49.4% in the 3rd quarter. KBC Group NV now owns 1,495 shares of the company’s stock valued at $69,000 after acquiring an additional 494 shares in the last quarter. Finally, Vest Financial LLC lifted its position in PHINIA by 6.4% in the 3rd quarter. Vest Financial LLC now owns 29,447 shares of the company’s stock valued at $1,355,000 after acquiring an additional 1,782 shares in the last quarter. 90.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PHIN shares. Northland Capmk raised PHINIA to a “strong-buy” rating in a research report on Thursday, January 30th. UBS Group upped their price objective on PHINIA from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Northland Securities assumed coverage on PHINIA in a research report on Thursday, January 30th. They issued an “outperform” rating and a $61.00 price objective on the stock.

PHINIA Price Performance

NYSE PHIN opened at $48.95 on Thursday. The business’s fifty day moving average price is $49.93 and its 200-day moving average price is $48.41. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 21.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.93 and a quick ratio of 1.46. PHINIA Inc. has a 1-year low of $30.09 and a 1-year high of $57.23.

PHINIA Company Profile

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.