PHINIA Inc. (NYSE:PHIN) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its stake in PHINIA Inc. (NYSE:PHIN) by 5.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 26,171 shares of the company’s stock after selling 1,508 shares during the period. Voya Investment Management LLC owned about 0.06% of PHINIA worth $1,261,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in PHINIA by 14.1% during 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 in the last quarter. First Trust Advisors LP lifted its stake in PHINIA by 32.6% during the 4th quarter. First Trust Advisors LP now owns 1,866,894 shares of the company’s stock worth $89,928,000 after acquiring an additional 458,650 shares in 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% in the 4th quarter. American Century Companies Inc. now owns 1,414,155 shares of the company’s stock valued at $68,120,000 after acquiring an additional 110,931 shares in the last quarter. Finally, LSV Asset Management increased its stake in PHINIA by 6.0% during the fourth 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. 90.94% of the stock is currently owned by institutional investors and hedge funds.

PHINIA Stock Performance

NYSE:PHIN opened at $42.04 on Tuesday. PHINIA Inc. has a 12 month low of $36.25 and a 12 month high of $57.23. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.44. The firm has a market capitalization of $1.67 billion, a PE ratio of 24.02 and a beta of 1.59. The business’s fifty day moving average price is $42.28 and its 200 day moving average price is $47.54.

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

PHINIA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.57%. This is an increase from PHINIA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 28th. PHINIA’s dividend payout ratio (DPR) is 61.36%.

Analysts Set New Price Targets

Several research firms have recently commented on PHIN. Bank of America initiated coverage on shares of PHINIA in a research note on Thursday, April 10th. They issued a “buy” rating and a $53.00 price objective for the company. UBS Group restated a “neutral” rating and issued a $45.00 price target (down previously from $56.00) on shares of PHINIA in a research note on Thursday, April 10th. Northland Capmk upgraded PHINIA to a “strong-buy” rating in a research note on Thursday, January 30th. CL King started coverage on PHINIA in a research note on Monday, March 24th. They set a “buy” rating and a $54.00 target price for the company. 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 target on the stock. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.50.

Insider Buying and Selling

In other news, CEO Brady D. Ericson purchased 10,000 shares of the business’s stock in a transaction on Wednesday, April 30th. The shares were bought at an average price of $39.73 per share, with a total value of $397,300.00. Following the completion of the transaction, the chief executive officer now directly owns 436,486 shares in the company, valued at approximately $17,341,588.78. This represents a 2.34 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by company insiders.

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.