PHINIA Inc. (NYSE:PHIN) Shares Bought by Advisory Research Inc.

Advisory Research Inc. increased its position in PHINIA Inc. (NYSE:PHIN - Free Report) by 12.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 415,140 shares of the company's stock after purchasing an additional 44,690 shares during the period. PHINIA accounts for about 3.3% of Advisory Research Inc.'s holdings, making the stock its 4th biggest holding. Advisory Research Inc. owned 0.99% of PHINIA worth $19,997,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in shares of PHINIA by 149.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 698 shares of the company's stock worth $33,000 after purchasing an additional 418 shares during the period. KBC Group NV raised its stake in shares of PHINIA by 45.8% during the 4th quarter. KBC Group NV now owns 2,180 shares of the company's stock worth $105,000 after buying an additional 685 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of PHINIA in the fourth quarter valued at approximately $173,000. State of Michigan Retirement System acquired a new position in PHINIA during the fourth quarter worth $203,000. Finally, Optimize Financial Inc purchased a new position in PHINIA in the fourth quarter worth $206,000. Hedge funds and other institutional investors own 90.94% of the company's stock.

Wall Street Analysts Forecast Growth

PHIN has been the subject of a number of research analyst reports. Northland Capmk upgraded shares of PHINIA to a "strong-buy" rating in a report on Thursday, January 30th. UBS Group reaffirmed a "neutral" rating and issued a $45.00 price objective (down from $56.00) on shares of PHINIA in a research note on Thursday, April 10th. Bank of America initiated coverage on PHINIA in a report on Thursday, April 10th. They issued a "buy" rating and a $53.00 target price on the stock. CL King assumed coverage on PHINIA in a report on Monday, March 24th. They issued a "buy" rating and a $54.00 price target for the company. Finally, Northland Securities started coverage on PHINIA in a research note on Thursday, January 30th. They issued an "outperform" rating and a $61.00 target price for the company. Two 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 price target of $52.60.

PHINIA Trading Up 3.0 %

NYSE PHIN traded up $1.24 during mid-day trading on Tuesday, hitting $41.91. The company's stock had a trading volume of 86,433 shares, compared to its average volume of 608,592. PHINIA Inc. has a 52-week low of $36.25 and a 52-week high of $57.23. The firm has a market capitalization of $1.67 billion, a P/E ratio of 23.87 and a beta of 1.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.44. The stock's fifty day simple moving average is $44.24 and its two-hundred day simple moving average is $47.80.

PHINIA (NYSE:PHIN - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.09). The company had revenue of $833.00 million for the quarter, compared to analysts' expectations of $811.94 million. PHINIA had a net margin of 2.32% and a return on equity of 10.12%. Research analysts expect that PHINIA Inc. will post 4.21 EPS for the current year.

PHINIA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.27 dividend. This is a boost from PHINIA's previous quarterly dividend of $0.25. The ex-dividend date was Friday, February 28th. This represents a $1.08 annualized dividend and a dividend yield of 2.58%. PHINIA's payout ratio is 61.71%.

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.