Boston Partners Has $13.98 Million Holdings in PHINIA Inc. (NYSE:PHIN)

Boston Partners raised its holdings in PHINIA Inc. (NYSE:PHIN - Free Report) by 1,067.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 463,710 shares of the company's stock after acquiring an additional 423,974 shares during the quarter. Boston Partners owned 0.99% of PHINIA worth $13,975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. purchased a new stake in shares of PHINIA in the third quarter worth approximately $142,304,000. Cooper Creek Partners Management LLC purchased a new stake in shares of PHINIA in the third quarter worth approximately $56,398,000. Harris Associates L P purchased a new stake in shares of PHINIA in the third quarter worth approximately $53,654,000. Pacer Advisors Inc. lifted its position in shares of PHINIA by 58.2% in the fourth quarter. Pacer Advisors Inc. now owns 2,350,167 shares of the company's stock worth $71,187,000 after purchasing an additional 865,016 shares in the last quarter. Finally, LSV Asset Management purchased a new stake in shares of PHINIA in the third quarter worth approximately $19,461,000. 90.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Morgan Stanley started coverage on PHINIA in a report on Monday, March 11th. They issued an "overweight" rating and a $50.00 price objective on the stock.

PHINIA Stock Up 0.5 %

NYSE:PHIN traded up $0.24 during mid-day trading on Thursday, reaching $44.41. The stock had a trading volume of 693,121 shares, compared to its average volume of 655,641. PHINIA Inc. has a fifty-two week low of $23.46 and a fifty-two week high of $44.66. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.38. The business's 50 day moving average is $38.79 and its 200 day moving average is $32.45.

PHINIA (NYSE:PHIN - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.34. The company had revenue of $863.00 million during the quarter, compared to analysts' expectations of $800.00 million. PHINIA had a return on equity of 7.52% and a net margin of 3.06%. PHINIA's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts anticipate that PHINIA Inc. will post 4.05 EPS for the current fiscal year.

PHINIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.25%.

PHINIA 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.