Smartleaf Asset Management LLC Increases Holdings in PHINIA Inc. (NYSE:PHIN)

Smartleaf Asset Management LLC boosted its position in PHINIA Inc. (NYSE:PHIN) by 149.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 698 shares of the company’s stock after buying an additional 418 shares during the quarter. Smartleaf Asset Management LLC’s holdings in PHINIA were worth $33,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its holdings in PHINIA by 2.4% in the 3rd quarter. Quantinno Capital Management LP now owns 14,637 shares of the company’s stock worth $674,000 after buying an additional 345 shares in the last quarter. KBC Group NV lifted its holdings 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 in the last quarter. Principal Financial Group Inc. lifted its holdings in PHINIA by 0.4% in the 4th quarter. Principal Financial Group Inc. now owns 228,584 shares of the company’s stock worth $11,011,000 after buying an additional 842 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in PHINIA by 29.1% in the 4th quarter. QRG Capital Management Inc. now owns 9,610 shares of the company’s stock worth $463,000 after buying an additional 2,168 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in PHINIA by 1.2% in the 3rd quarter. Wellington Management Group LLP now owns 333,395 shares of the company’s stock worth $15,346,000 after buying an additional 3,804 shares in the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PHIN shares. Northland Securities started coverage on shares of PHINIA in a research note on Thursday, January 30th. They issued an “outperform” rating and a $61.00 target price on the stock. Northland Capmk upgraded shares of PHINIA to a “strong-buy” rating in a research note on Thursday, January 30th. Finally, UBS Group upped their target price 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.

PHINIA Price Performance

NYSE PHIN opened at $42.15 on Thursday. PHINIA Inc. has a 12 month low of $35.84 and a 12 month high of $57.23. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.44. The firm has a market capitalization of $1.72 billion, a PE ratio of 24.09 and a beta of 1.38. The company’s 50 day simple moving average is $49.15 and its 200 day simple moving average is $48.97.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.09). The business had revenue of $833.00 million during the quarter, compared to analyst estimates of $811.94 million. PHINIA had a return on equity of 10.12% and a net margin of 2.32%. As a group, equities research analysts forecast that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.27 dividend. This is a positive change from PHINIA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 2.56%. PHINIA’s dividend payout ratio (DPR) is currently 61.71%.

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.