LSV Asset Management Has $23.28 Million Position in PHINIA Inc. (NYSE:PHIN)

LSV Asset Management boosted its stake in shares of PHINIA Inc. (NYSE:PHIN - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 768,510 shares of the company's stock after purchasing an additional 42,080 shares during the quarter. LSV Asset Management owned 1.65% of PHINIA worth $23,278,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PHIN. Parkside Financial Bank & Trust raised its stake in shares of PHINIA by 816.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 990 shares of the company's stock valued at $30,000 after buying an additional 882 shares in the last quarter. Oakworth Capital Inc. acquired a new position in shares of PHINIA in the 3rd quarter valued at $27,000. Whittier Trust Co. acquired a new position in shares of PHINIA in the 3rd quarter valued at $29,000. Financial Enhancement Group LLC increased its position in shares of PHINIA by 3.6% during the 4th quarter. Financial Enhancement Group LLC now owns 33,289 shares of the company's stock worth $946,000 after purchasing an additional 1,149 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of PHINIA during the 3rd quarter worth about $35,000. 90.94% of the stock is currently owned by institutional investors and hedge funds.

PHINIA Stock Up 0.5 %

Shares of PHINIA stock traded up $0.21 during mid-day trading on Tuesday, reaching $42.52. 535,903 shares of the stock were exchanged, compared to its average volume of 661,378. PHINIA Inc. has a fifty-two week low of $23.46 and a fifty-two week high of $42.87. The firm has a 50-day simple moving average of $37.56 and a 200 day simple moving average of $31.64. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.38.

PHINIA (NYSE:PHIN - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.34. PHINIA had a net margin of 3.06% and a return on equity of 7.52%. The firm had revenue of $863.00 million for the quarter, compared to analyst estimates of $800.00 million. The business's quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that PHINIA Inc. will post 4.05 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley started coverage on shares of PHINIA in a research report on Monday, March 11th. They set an "overweight" rating and a $50.00 target price for the company.

PHINIA Company 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.