State of Alaska Department of Revenue Sells 1,023 Shares of PHINIA Inc. (NYSE:PHIN)

State of Alaska Department of Revenue lowered its holdings in shares of PHINIA Inc. (NYSE:PHIN) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,903 shares of the company’s stock after selling 1,023 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of PHINIA worth $1,151,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of PHINIA by 23.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $65,000 after acquiring an additional 271 shares during the last quarter. KBC Group NV increased its stake in PHINIA by 49.4% in the 3rd quarter. KBC Group NV now owns 1,495 shares of the company’s stock worth $69,000 after buying an additional 494 shares during the period. International Assets Investment Management LLC increased its stake in PHINIA by 4,502.9% in the 3rd quarter. International Assets Investment Management LLC now owns 3,222 shares of the company’s stock worth $148,000 after buying an additional 3,152 shares during the period. Creative Planning purchased a new position in PHINIA during the 3rd quarter valued at about $203,000. Finally, Paloma Partners Management Co purchased a new position in PHINIA during the 3rd quarter valued at about $258,000. Institutional investors own 90.94% of the company’s stock.

PHINIA Stock Down 1.2 %

Shares of PHINIA stock opened at $48.95 on Thursday. The firm’s 50 day moving average price is $49.93 and its 200-day moving average price is $48.41. The company has a quick ratio of 1.46, a current ratio of 1.93 and a debt-to-equity ratio of 0.58. PHINIA Inc. has a 52-week low of $30.09 and a 52-week high of $57.23. The company has a market cap of $2.06 billion, a P/E ratio of 21.01 and a beta of 1.35.

Analyst Ratings Changes

A number of research analysts have commented on PHIN shares. Northland Capmk raised shares of PHINIA to a “strong-buy” rating in a research report on Thursday, January 30th. Northland Securities started coverage on shares of PHINIA in a research report on Thursday, January 30th. They set an “outperform” rating and a $61.00 target price on the stock. Finally, UBS Group raised their target price on shares of PHINIA from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, January 16th.

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.