PHINIA Inc. (NYSE:PHIN) Position Lifted by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its stake in PHINIA Inc. (NYSE:PHIN) by 35.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 97,852 shares of the company’s stock after purchasing an additional 25,532 shares during the period. O Shaughnessy Asset Management LLC owned 0.23% of PHINIA worth $4,714,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PHIN. Smartleaf Asset Management LLC boosted its holdings in PHINIA by 149.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 698 shares of the company’s stock worth $33,000 after purchasing an additional 418 shares during the period. KBC Group NV lifted its position in shares of PHINIA by 45.8% in the 4th quarter. KBC Group NV now owns 2,180 shares of the company’s stock worth $105,000 after buying an additional 685 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of PHINIA in the 4th quarter valued at about $173,000. State of Michigan Retirement System acquired a new stake in PHINIA during the fourth quarter worth about $203,000. Finally, Paloma Partners Management Co bought a new position in PHINIA in the third quarter worth about $258,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

Analyst Ratings Changes

PHIN has been the subject of several recent research reports. CL King initiated coverage on PHINIA in a report on Monday, March 24th. They set a “buy” rating and a $54.00 target price for the company. Northland Capmk upgraded PHINIA to a “strong-buy” rating in a research note on Thursday, January 30th. Northland Securities initiated coverage on PHINIA in a research note on Thursday, January 30th. They issued an “outperform” rating and a $61.00 target price on the stock. Finally, UBS Group upped their price target on shares of PHINIA from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $55.50.

PHINIA Stock Up 2.5 %

Shares of PHINIA stock opened at $44.00 on Thursday. 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 $36.10 and a 1-year high of $57.23. The business’s fifty day moving average price is $47.44 and its two-hundred day moving average price is $48.63. The company has a market capitalization of $1.80 billion, a P/E ratio of 25.14 and a beta of 1.55.

PHINIA (NYSE:PHIN) last issued its quarterly earnings data 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). The company had revenue of $833.00 million for the quarter, compared to the consensus estimate of $811.94 million. PHINIA had a net margin of 2.32% and a return on equity of 10.12%. As a group, research analysts forecast that PHINIA Inc. will post 4.21 EPS for the current year.

PHINIA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.27 dividend. This is a positive change from PHINIA’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Friday, February 28th. PHINIA’s dividend payout ratio is currently 61.71%.

PHINIA 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.