Villanova Investment Management Co LLC Reduces Stake in PHINIA Inc. $PHIN

Villanova Investment Management Co LLC reduced its holdings in PHINIA Inc. (NYSE:PHIN) by 27.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 33,136 shares of the company’s stock after selling 12,830 shares during the quarter. Villanova Investment Management Co LLC’s holdings in PHINIA were worth $2,077,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Larson Financial Group LLC raised its holdings in shares of PHINIA by 151.5% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $27,000 after acquiring an additional 256 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in PHINIA by 2,500.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock valued at $49,000 after acquiring an additional 750 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in PHINIA by 34.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock valued at $50,000 after purchasing an additional 222 shares during the period. MAI Capital Management increased its position in PHINIA by 845.4% during the 3rd quarter. MAI Capital Management now owns 917 shares of the company’s stock valued at $53,000 after purchasing an additional 820 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in PHINIA by 76.7% in the 4th quarter. Hantz Financial Services Inc. now owns 979 shares of the company’s stock worth $61,000 after purchasing an additional 425 shares in the last quarter. 90.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PHINIA

In related news, VP Samantha Pombier sold 2,227 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $82.36, for a total value of $183,415.72. Following the completion of the transaction, the vice president directly owned 6,637 shares in the company, valued at $546,623.32. This trade represents a 25.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael Coetzee sold 1,250 shares of PHINIA stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $80.61, for a total transaction of $100,762.50. Following the transaction, the vice president directly owned 27,009 shares of the company’s stock, valued at approximately $2,177,195.49. This trade represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on PHIN shares. Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. KeyCorp assumed coverage on shares of PHINIA in a research report on Friday, June 12th. They set an “overweight” rating and a $105.00 price target on the stock. Freedom Capital cut shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings upgraded shares of PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.83.

PHINIA Trading Up 3.3%

NYSE PHIN opened at $80.91 on Friday. The firm has a market capitalization of $3.00 billion, a PE ratio of 22.60 and a beta of 1.16. The stock’s 50 day moving average is $76.40 and its 200 day moving average is $70.27. PHINIA Inc. has a twelve month low of $41.59 and a twelve month high of $86.93. The company has a quick ratio of 1.32, a current ratio of 1.82 and a debt-to-equity ratio of 0.62.

PHINIA (NYSE:PHIN) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.16. The business had revenue of $878.00 million during the quarter, compared to the consensus estimate of $838.67 million. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 earnings per share. Research analysts forecast that PHINIA Inc. will post 6.24 earnings per share for the current fiscal year.

PHINIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 9th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. PHINIA’s dividend payout ratio is currently 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.