Barclays PLC Has $4.02 Million Position in PHINIA Inc. (NYSE:PHIN)

Barclays PLC boosted its holdings in PHINIA Inc. (NYSE:PHIN - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,529 shares of the company's stock after acquiring an additional 10,724 shares during the quarter. Barclays PLC owned 0.20% of PHINIA worth $4,023,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased 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 buying an additional 418 shares in the last quarter. KBC Group NV grew its position in 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 acquiring an additional 685 shares during the last quarter. AlphaQuest LLC acquired a new stake in PHINIA during the 4th quarter valued at $173,000. State of Michigan Retirement System bought a new position in PHINIA in the 4th quarter valued at $203,000. Finally, Optimize Financial Inc acquired a new position in PHINIA in the fourth quarter worth $206,000. 90.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PHIN. Bank of America began coverage on PHINIA in a research note on Thursday, April 10th. They issued a "buy" rating and a $53.00 target price for the company. Northland Capmk upgraded shares of PHINIA to a "strong-buy" rating in a research report on Thursday, January 30th. CL King began coverage on shares of PHINIA in a research report on Monday, March 24th. They set a "buy" rating and a $54.00 target price on the stock. BNP Paribas lowered shares of PHINIA from an "outperform" rating to a "neutral" rating and set a $46.00 price target for the company. in a report on Wednesday, April 23rd. Finally, UBS Group reaffirmed 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 equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.50.

PHINIA Trading Up 1.1 %

Shares of NYSE:PHIN traded up $0.44 during midday trading on Thursday, hitting $40.59. The company had a trading volume of 155,546 shares, compared to its average volume of 604,848. The company has a current ratio of 1.90, a quick ratio of 1.44 and a debt-to-equity ratio of 0.61. PHINIA Inc. has a 12 month low of $36.25 and a 12 month high of $57.23. The firm has a fifty day simple moving average of $42.80 and a 200 day simple moving average of $47.60. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 23.22 and a beta of 1.56.

PHINIA (NYSE:PHIN - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.10). The company had revenue of $796.00 million during 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 was down 7.8% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. On average, analysts predict that PHINIA Inc. will post 4.21 EPS for the current year.

PHINIA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.27 dividend. The ex-dividend date was Friday, February 28th. This is a positive change from PHINIA's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 2.66%. PHINIA's dividend payout ratio (DPR) is 61.36%.

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.