LSV Asset Management Acquires 194,627 Shares of PHINIA Inc. $PHIN

LSV Asset Management lifted its holdings in PHINIA Inc. (NYSE:PHIN) by 19.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,199,218 shares of the company’s stock after buying an additional 194,627 shares during the period. LSV Asset Management’s holdings in PHINIA were worth $53,353,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group lifted its holdings in shares of PHINIA by 853.0% in the 1st quarter. Brooklyn Investment Group now owns 1,582 shares of the company’s stock valued at $67,000 after acquiring an additional 1,416 shares during the last quarter. One Wealth Advisors LLC purchased a new stake in PHINIA during the first quarter valued at approximately $210,000. Advisors Asset Management Inc. bought a new stake in shares of PHINIA in the 1st quarter valued at approximately $220,000. Eisler Capital Management Ltd. purchased a new position in shares of PHINIA in the 1st quarter worth approximately $223,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of PHINIA in the 1st quarter worth approximately $243,000. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

PHINIA Stock Down 3.3%

Shares of PHIN opened at $52.48 on Tuesday. The firm has a fifty day moving average price of $55.12 and a 200-day moving average price of $50.69. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.02 billion, a P/E ratio of 23.64, a P/E/G ratio of 0.51 and a beta of 1.46. PHINIA Inc. has a 12-month low of $36.25 and a 12-month high of $59.88.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.17 by $0.42. PHINIA had a net margin of 2.63% and a return on equity of 11.64%. The company had revenue of $908.00 million for the quarter, compared to the consensus estimate of $861.57 million. During the same quarter last year, the firm posted $1.17 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. PHINIA has set its FY 2025 guidance at EPS. Equities research analysts expect that PHINIA Inc. will post 4.21 earnings per share for the current year.

PHINIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, November 24th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, November 24th. PHINIA’s payout ratio is currently 48.65%.

Analyst Ratings Changes

Several analysts recently weighed in on PHIN shares. Bank of America increased their price target on PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Wall Street Zen raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PHINIA in a research note on Thursday. Zacks Research downgraded shares of PHINIA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, BNP Paribas raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.43.

Insider Buying and Selling at PHINIA

In related news, VP Samantha Pombier sold 1,940 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $54.14, for a total value of $105,031.60. Following the completion of the sale, the vice president owned 8,869 shares in the company, valued at approximately $480,167.66. The trade was a 17.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

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.