OneDigital Investment Advisors LLC acquired a new position in PHINIA Inc. (NYSE:PHIN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,974 shares of the company's stock, valued at approximately $432,000.
Several other institutional investors have also bought and sold shares of PHIN. First Trust Advisors LP lifted its holdings in PHINIA by 32.6% in the 4th quarter. First Trust Advisors LP now owns 1,866,894 shares of the company's stock valued at $89,928,000 after acquiring an additional 458,650 shares during the last quarter. Voss Capital LP lifted its holdings in PHINIA by 31.8% in the 4th quarter. Voss Capital LP now owns 1,417,081 shares of the company's stock valued at $68,261,000 after acquiring an additional 342,081 shares during the last quarter. 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 valued at $98,653,000 after acquiring an additional 253,345 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in PHINIA in the 4th quarter valued at about $6,874,000. Finally, American Century Companies Inc. lifted its holdings in PHINIA by 8.5% in the 4th quarter. American Century Companies Inc. now owns 1,414,155 shares of the company's stock valued at $68,120,000 after acquiring an additional 110,931 shares during the last quarter. Institutional investors and hedge funds own 90.94% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on PHIN. CL King began coverage on shares of PHINIA in a report on Monday, March 24th. They issued a "buy" rating and a $54.00 price target for the company. Northland Securities began coverage on PHINIA in a report on Thursday, January 30th. They set an "outperform" rating and a $61.00 price objective on the stock. Northland Capmk upgraded PHINIA to a "strong-buy" rating in a report on Thursday, January 30th. Bank of America began coverage on PHINIA in a report on Thursday, April 10th. They set a "buy" rating and a $53.00 price objective on the stock. Finally, UBS Group restated a "neutral" rating and set a $45.00 price objective (down previously from $56.00) on shares of PHINIA in a report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $51.50.
Check Out Our Latest Analysis on PHIN
PHINIA Stock Up 0.9 %
Shares of PHIN traded up $0.38 during trading hours on Thursday, reaching $40.53. The company's stock had a trading volume of 339,824 shares, compared to its average volume of 605,552. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 23.16 and a beta of 1.56. PHINIA Inc. has a 1-year low of $36.25 and a 1-year high of $57.23. The company has a quick ratio of 1.44, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average of $42.80 and a two-hundred day moving average of $47.60.
PHINIA (NYSE:PHIN - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.10). The business had revenue of $796.00 million during the quarter, compared to analyst estimates of $813.24 million. PHINIA had a net margin of 2.32% and a return on equity of 10.12%. PHINIA's revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. As a group, research analysts predict that PHINIA Inc. will post 4.21 EPS for the current fiscal year.
PHINIA Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 2.66%. This is an increase from PHINIA's previous quarterly dividend of $0.25. PHINIA's dividend payout ratio is currently 61.36%.
PHINIA Profile
(
Free Report)
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.
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