PHINIA Inc. $PHIN Position Raised by Voss Capital LP

Voss Capital LP lifted its holdings in shares of PHINIA Inc. (NYSE:PHIN) by 2.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,727,468 shares of the company’s stock after acquiring an additional 47,468 shares during the quarter. PHINIA comprises approximately 5.2% of Voss Capital LP’s portfolio, making the stock its 9th largest holding. Voss Capital LP’s holdings in PHINIA were worth $108,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of PHIN. UBS Group AG boosted its position in shares of PHINIA by 222.9% during the third quarter. UBS Group AG now owns 466,053 shares of the company’s stock valued at $26,789,000 after buying an additional 321,708 shares during the last quarter. LSV Asset Management boosted its position in shares of PHINIA by 13.8% during the third quarter. LSV Asset Management now owns 1,364,534 shares of the company’s stock valued at $78,433,000 after buying an additional 165,316 shares during the last quarter. Heartland Advisors Inc. boosted its position in shares of PHINIA by 157.0% during the third quarter. Heartland Advisors Inc. now owns 257,018 shares of the company’s stock valued at $14,773,000 after buying an additional 157,018 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of PHINIA during the third quarter valued at $8,565,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of PHINIA by 64.4% during the third quarter. Qube Research & Technologies Ltd now owns 378,477 shares of the company’s stock valued at $21,755,000 after buying an additional 148,210 shares during the last quarter. 90.94% of the stock is owned by hedge funds and other institutional investors.

PHINIA Stock Up 4.2%

PHIN stock opened at $85.25 on Friday. PHINIA Inc. has a fifty-two week low of $41.59 and a fifty-two week high of $86.65. The business’s 50-day moving average is $75.39 and its two-hundred day moving average is $69.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.32 and a current ratio of 1.82. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 23.81 and a beta of 1.16.

PHINIA (NYSE:PHIN) last posted its earnings results on Thursday, April 30th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.16. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.The company had revenue of $878.00 million for the quarter, compared to the consensus estimate of $838.67 million. During the same quarter in the prior year, the company earned $0.94 earnings per share. PHINIA’s revenue was up 10.3% on a year-over-year basis. As a group, analysts forecast that PHINIA Inc. will post 6.36 earnings per share for the current year.

PHINIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 9th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. PHINIA’s dividend payout ratio (DPR) is 33.52%.

Insider Activity

In other news, VP Michael Coetzee sold 1,250 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $80.61, for a total value of $100,762.50. Following the transaction, the vice president owned 27,009 shares of the company’s stock, valued at $2,177,195.49. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Samantha Pombier sold 2,227 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $82.36, for a total value of $183,415.72. Following the completion of the transaction, the vice president directly owned 6,637 shares in the company, valued at $546,623.32. This trade represents a 25.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

PHIN has been the topic of several recent analyst reports. Weiss Ratings raised PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Wall Street Zen raised PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. UBS Group reissued a “neutral” rating and issued a $76.00 target price on shares of PHINIA in a report on Friday, February 13th. Freedom Capital downgraded PHINIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Northland Securities set a $93.00 target price on PHINIA in a report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.83.

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. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.