PHINIA Inc. $PHIN Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of PHINIA Inc. (NYSE:PHIN) by 634.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 119,432 shares of the company’s stock after acquiring an additional 103,162 shares during the quarter. Intech Investment Management LLC’s holdings in PHINIA were worth $7,487,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PHIN. Royal Bank of Canada lifted its position in PHINIA by 464.8% in the first quarter. Royal Bank of Canada now owns 75,745 shares of the company’s stock valued at $3,214,000 after acquiring an additional 62,333 shares during the last quarter. AQR Capital Management LLC lifted its position in PHINIA by 62.3% in the first quarter. AQR Capital Management LLC now owns 22,343 shares of the company’s stock valued at $938,000 after acquiring an additional 8,576 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in PHINIA by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,891 shares of the company’s stock valued at $1,056,000 after acquiring an additional 1,093 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in PHINIA by 6.4% in the first quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock valued at $41,462,000 after acquiring an additional 58,875 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in PHINIA by 7.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,270 shares of the company’s stock valued at $4,000,000 after acquiring an additional 6,478 shares during the last quarter. 90.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PHIN shares. UBS Group reissued a “neutral” rating and issued a $76.00 price target on shares of PHINIA in a research report on Friday, February 13th. Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Weiss Ratings cut shares of PHINIA from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Northland Securities set a $93.00 price target on shares of PHINIA in a research report on Friday, February 13th. Finally, Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.80.

Insider Activity

In other PHINIA news, VP Christopher Gustanski sold 3,812 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $72.73, for a total transaction of $277,246.76. Following the transaction, the vice president directly owned 14,871 shares in the company, valued at approximately $1,081,567.83. This represents a 20.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Neil Fryer sold 624 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $72.75, for a total transaction of $45,396.00. Following the completion of the sale, the vice president owned 18,180 shares in the company, valued at $1,322,595. This represents a 3.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.20% of the company’s stock.

PHINIA Trading Up 0.0%

Shares of PHIN opened at $77.45 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.32 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average is $72.64 and its two-hundred day moving average is $67.50. PHINIA Inc. has a twelve month low of $41.28 and a twelve month high of $81.11. The firm has a market capitalization of $2.87 billion, a P/E ratio of 21.63 and a beta of 1.16.

PHINIA (NYSE:PHIN) last issued its earnings results on Thursday, April 30th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.16. PHINIA had a net margin of 3.96% and a return on equity of 13.23%. The company had revenue of $878.00 million for the quarter, compared to analyst estimates of $838.67 million. During the same period in the prior year, the business posted $0.94 earnings per share. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, research analysts predict that PHINIA Inc. will post 6.36 earnings per share for the current fiscal year.

PHINIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, June 9th. PHINIA’s dividend payout ratio is presently 33.52%.

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. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.