Stratos Wealth Partners LTD. Has $269,000 Stake in PHINIA Inc. (NYSE:PHIN)

Stratos Wealth Partners LTD. decreased its holdings in PHINIA Inc. (NYSE:PHIN) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,579 shares of the company’s stock after selling 779 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in PHINIA were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PHIN. Quantinno Capital Management LP raised its stake in shares of PHINIA by 2.4% during the third quarter. Quantinno Capital Management LP now owns 14,637 shares of the company’s stock worth $674,000 after buying an additional 345 shares during the last quarter. Old North State Wealth Management LLC boosted its position in shares of PHINIA by 4.9% during the third quarter. Old North State Wealth Management LLC now owns 9,589 shares of the company’s stock worth $442,000 after purchasing an additional 451 shares in the last quarter. KBC Group NV lifted its holdings in shares of PHINIA by 49.4% during the 3rd quarter. KBC Group NV now owns 1,495 shares of the company’s stock valued at $69,000 after purchasing an additional 494 shares in the last quarter. Vest Financial LLC increased its position in shares of PHINIA by 6.4% during the third quarter. Vest Financial LLC now owns 29,447 shares of the company’s stock worth $1,355,000 after acquiring an additional 1,782 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of PHINIA by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 227,742 shares of the company’s stock valued at $10,483,000 after purchasing an additional 2,422 shares during the period. Institutional investors own 90.94% of the company’s stock.

Wall Street Analysts Forecast Growth

PHIN has been the topic of several recent research reports. Northland Securities assumed coverage on shares of PHINIA in a research note on Thursday, January 30th. They issued an “outperform” rating and a $61.00 price target on the stock. UBS Group increased their price target on shares of PHINIA from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, Northland Capmk raised PHINIA to a “strong-buy” rating in a research report on Thursday, January 30th.

PHINIA Trading Up 0.2 %

Shares of PHIN stock opened at $49.10 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.46 and a debt-to-equity ratio of 0.58. PHINIA Inc. has a 1 year low of $30.36 and a 1 year high of $57.23. The stock has a market cap of $2.07 billion, a P/E ratio of 21.07 and a beta of 1.35. The stock has a 50 day simple moving average of $49.85 and a 200 day simple moving average of $48.42.

PHINIA (NYSE:PHIN) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.09). PHINIA had a net margin of 3.10% and a return on equity of 9.79%. On average, research analysts predict that PHINIA Inc. will post 3.78 earnings per share for the current fiscal year.

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.