PHINIA Inc. (NYSE:PHIN) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its holdings in shares of PHINIA Inc. (NYSE:PHIN) by 9.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,925 shares of the company’s stock after selling 11,696 shares during the period. WINTON GROUP Ltd’s holdings in PHINIA were worth $5,584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PHIN. Quantinno Capital Management LP lifted its stake in shares of PHINIA by 2.4% during the third quarter. Quantinno Capital Management LP now owns 14,637 shares of the company’s stock worth $674,000 after purchasing an additional 345 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of PHINIA by 149.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 698 shares of the company’s stock valued at $33,000 after buying an additional 418 shares during the period. KBC Group NV boosted its holdings in PHINIA by 45.8% in the 4th quarter. KBC Group NV now owns 2,180 shares of the company’s stock worth $105,000 after acquiring an additional 685 shares during the period. Principal Financial Group Inc. grew its position in PHINIA by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 228,584 shares of the company’s stock valued at $11,011,000 after acquiring an additional 842 shares in the last quarter. Finally, QRG Capital Management Inc. grew its position in PHINIA by 29.1% in the fourth quarter. QRG Capital Management Inc. now owns 9,610 shares of the company’s stock valued at $463,000 after acquiring an additional 2,168 shares in 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 weighed in on the stock. CL King initiated coverage on shares of PHINIA in a research note on Monday. They issued a “buy” rating and a $54.00 target price for the company. UBS Group raised their target price on PHINIA from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Northland Securities assumed coverage on PHINIA in a research report on Thursday, January 30th. They set an “outperform” rating and a $61.00 target price on the stock. Finally, Northland Capmk raised PHINIA to a “strong-buy” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, PHINIA presently has a consensus rating of “Buy” and a consensus target price of $55.50.

PHINIA Price Performance

Shares of PHIN stock opened at $45.81 on Thursday. The firm has a market cap of $1.87 billion, a P/E ratio of 26.18 and a beta of 1.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.44. PHINIA Inc. has a 1-year low of $36.10 and a 1-year high of $57.23. The firm has a fifty day moving average of $48.23 and a two-hundred day moving average of $48.71.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). PHINIA had a return on equity of 10.12% and a net margin of 2.32%. The firm had revenue of $833.00 million during the quarter, compared to analyst estimates of $811.94 million. As a group, research analysts anticipate that PHINIA Inc. will post 4.21 earnings per share for the current fiscal year.

PHINIA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.27 per share. This is a positive change from PHINIA’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Friday, February 28th. PHINIA’s dividend payout ratio is currently 61.71%.

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.