PHINIA Inc. $PHIN Stake Lowered by Medina Value Partners LLC

Medina Value Partners LLC decreased its position in PHINIA Inc. (NYSE:PHIN) by 25.6% during the 3rd quarter, Holdings Channel reports. The firm owned 364,144 shares of the company’s stock after selling 125,212 shares during the quarter. PHINIA comprises about 4.9% of Medina Value Partners LLC’s holdings, making the stock its 8th biggest position. Medina Value Partners LLC’s holdings in PHINIA were worth $20,931,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wall Street Zen raised PHINIA from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 22nd. Northland Securities set a $93.00 price target on PHINIA in a research note on Friday, February 13th. Freedom Capital downgraded shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Zacks Research upgraded shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Finally, UBS Group reiterated a “neutral” rating and issued a $76.00 price objective on shares of PHINIA in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, PHINIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.33.

Insider Buying and Selling

In other PHINIA news, VP Neil Fryer sold 624 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $72.75, for a total value of $45,396.00. Following the transaction, the vice president directly owned 18,180 shares of the company’s stock, valued at approximately $1,322,595. The trade was a 3.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher Gustanski sold 3,812 shares of PHINIA stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $72.73, for a total transaction of $277,246.76. Following the completion of the sale, the vice president directly owned 14,871 shares of the company’s stock, valued at approximately $1,081,567.83. The trade was a 20.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.00% of the company’s stock.

PHINIA Stock Performance

Shares of PHINIA stock opened at $64.32 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.36. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 19.79 and a beta of 1.36. The firm’s fifty day simple moving average is $71.05 and its 200-day simple moving average is $61.41. PHINIA Inc. has a 12 month low of $36.25 and a 12 month high of $81.11.

PHINIA (NYSE:PHIN) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.17). PHINIA had a return on equity of 12.56% and a net margin of 3.73%.The business had revenue of $889.00 million during the quarter, compared to the consensus estimate of $843.59 million. During the same period last year, the business posted $0.71 earnings per share. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities analysts forecast that PHINIA Inc. will post 4.21 earnings per share for the current year.

PHINIA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a $0.30 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from PHINIA’s previous quarterly dividend of $0.27. PHINIA’s dividend payout ratio (DPR) is 36.92%.

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. 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.