Gotham Asset Management LLC Boosts Stock Holdings in PHINIA Inc. (NYSE:PHIN)

Gotham Asset Management LLC raised its position in shares of PHINIA Inc. (NYSE:PHIN - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 180,725 shares of the company's stock after purchasing an additional 35,062 shares during the quarter. Gotham Asset Management LLC owned 0.43% of PHINIA worth $8,706,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in PHINIA by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,048,051 shares of the company's stock worth $98,653,000 after buying an additional 253,345 shares during the last quarter. First Trust Advisors LP boosted its position in shares of PHINIA by 32.6% in the fourth quarter. First Trust Advisors LP now owns 1,866,894 shares of the company's stock worth $89,928,000 after purchasing an additional 458,650 shares during the period. Voss Capital LP boosted its position in shares of PHINIA by 31.8% in the fourth quarter. Voss Capital LP now owns 1,417,081 shares of the company's stock worth $68,261,000 after purchasing an additional 342,081 shares during the period. American Century Companies Inc. boosted its position in shares of PHINIA by 8.5% in the fourth quarter. American Century Companies Inc. now owns 1,414,155 shares of the company's stock worth $68,120,000 after purchasing an additional 110,931 shares during the period. Finally, LSV Asset Management boosted its position in shares of PHINIA by 6.0% during the fourth quarter. LSV Asset Management now owns 832,236 shares of the company's stock worth $40,089,000 after acquiring an additional 46,919 shares during the last quarter. 90.94% of the stock is owned by hedge funds and other institutional investors.

PHINIA Trading Down 0.5%

Shares of PHINIA stock traded down $0.24 during trading on Friday, hitting $44.18. The stock had a trading volume of 309,034 shares, compared to its average volume of 595,874. The firm's fifty day simple moving average is $41.82 and its 200-day simple moving average is $47.38. The stock has a market cap of $1.76 billion, a PE ratio of 25.25 and a beta of 1.59. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.44. PHINIA Inc. has a 12 month low of $36.25 and a 12 month high of $57.23.

PHINIA (NYSE:PHIN - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.10). The firm had revenue of $796.00 million during the quarter, compared to the consensus estimate of $813.24 million. PHINIA had a return on equity of 10.12% and a net margin of 2.32%. PHINIA's revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. As a group, sell-side analysts expect that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PHIN has been the subject of a number of research reports. BNP Paribas lowered shares of PHINIA from an "outperform" rating to a "neutral" rating and set a $46.00 target price for the company. in a research report on Wednesday, April 23rd. Northland Securities assumed coverage on shares of PHINIA in a research report on Thursday, January 30th. They set an "outperform" rating and a $61.00 target price for the company. Northland Capmk upgraded shares of PHINIA to a "strong-buy" rating in a research report on Thursday, January 30th. Bank of America increased their price objective on shares of PHINIA from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday. Finally, CL King assumed coverage on shares of PHINIA in a research report on Monday, March 24th. They set a "buy" rating and a $54.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $51.83.

Insider Transactions at PHINIA

In related news, CEO Brady D. Ericson purchased 10,000 shares of PHINIA stock in a transaction that occurred on Wednesday, April 30th. The shares were bought at an average price of $39.73 per share, with a total value of $397,300.00. Following the purchase, the chief executive officer now directly owns 436,486 shares of the company's stock, valued at approximately $17,341,588.78. This represents a 2.34% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company's stock.

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.