Ethic Inc. Acquires New Holdings in PHINIA Inc. (NYSE:PHIN)

Ethic Inc. purchased a new position in PHINIA Inc. (NYSE:PHIN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,515 shares of the company's stock, valued at approximately $651,000.

A number of other large investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in PHINIA by 14.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,048,051 shares of the company's stock worth $98,653,000 after purchasing an additional 253,345 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of PHINIA by 32.6% during the 4th quarter. First Trust Advisors LP now owns 1,866,894 shares of the company's stock worth $89,928,000 after acquiring an additional 458,650 shares in the last quarter. Voss Capital LP raised its holdings in shares of PHINIA by 31.8% during the 4th quarter. Voss Capital LP now owns 1,417,081 shares of the company's stock worth $68,261,000 after acquiring an additional 342,081 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of PHINIA by 8.5% during the 4th quarter. American Century Companies Inc. now owns 1,414,155 shares of the company's stock worth $68,120,000 after acquiring an additional 110,931 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of PHINIA by 6.0% during the 4th quarter. LSV Asset Management now owns 832,236 shares of the company's stock worth $40,089,000 after acquiring an additional 46,919 shares in the last quarter. 90.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PHINIA

In other PHINIA news, CEO Brady D. Ericson acquired 10,000 shares of the business's stock in a transaction on Wednesday, April 30th. The shares were bought at an average price of $39.73 per share, with a total value of $397,300.00. Following the transaction, the chief executive officer now directly owns 436,486 shares of the company's stock, valued at $17,341,588.78. The trade was a 2.34% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 2.00% of the stock is currently owned by corporate insiders.

PHINIA Trading Down 0.5%

Shares of NYSE PHIN traded down $0.24 during trading hours on Friday, hitting $44.18. 309,034 shares of the company traded hands, compared to its average volume of 594,029. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 25.25 and a beta of 1.59. The company has a current ratio of 1.90, a quick ratio of 1.44 and a debt-to-equity ratio of 0.61. The company's 50 day moving average price is $41.86 and its 200 day moving average price is $47.39. PHINIA Inc. has a 12 month low of $36.25 and a 12 month high of $57.23.

PHINIA (NYSE:PHIN - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.10). The company had revenue of $796.00 million for the quarter, compared to the consensus estimate of $813.24 million. PHINIA had a net margin of 2.32% and a return on equity of 10.12%. The business's revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. On average, equities research analysts anticipate that PHINIA Inc. will post 4.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PHIN has been the topic of several recent research reports. BNP Paribas cut PHINIA from an "outperform" rating to a "neutral" rating and set a $46.00 price objective on the stock. in a report on Wednesday, April 23rd. UBS Group reaffirmed a "neutral" rating and set a $45.00 price objective (down from $56.00) on shares of PHINIA in a report on Thursday, April 10th. Bank of America upped their price objective on PHINIA from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday. Northland Securities initiated coverage on PHINIA in a report on Thursday, January 30th. They set an "outperform" rating and a $61.00 price objective on the stock. Finally, Northland Capmk raised PHINIA to a "strong-buy" rating in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.83.

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.