PHINIA Inc. $PHIN Holdings Raised by State of Wyoming

State of Wyoming lifted its stake in shares of PHINIA Inc. (NYSE:PHIN) by 264.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,376 shares of the company’s stock after purchasing an additional 6,806 shares during the quarter. State of Wyoming’s holdings in PHINIA were worth $588,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PHIN. Larson Financial Group LLC raised its stake in shares of PHINIA by 151.5% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $27,000 after purchasing an additional 256 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in PHINIA by 34.4% in the third quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock worth $50,000 after acquiring an additional 222 shares in the last quarter. MAI Capital Management raised its position in PHINIA by 845.4% in the third quarter. MAI Capital Management now owns 917 shares of the company’s stock worth $53,000 after acquiring an additional 820 shares in the last quarter. Hantz Financial Services Inc. raised its position in PHINIA by 76.7% in the fourth quarter. Hantz Financial Services Inc. now owns 979 shares of the company’s stock worth $61,000 after acquiring an additional 425 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in PHINIA by 2,529.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,262 shares of the company’s stock worth $79,000 after acquiring an additional 1,214 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors.

PHINIA Price Performance

NYSE PHIN opened at $79.32 on Friday. The stock’s 50-day moving average price is $73.99 and its two-hundred day moving average price is $68.37. The company has a current ratio of 1.82, a quick ratio of 1.32 and a debt-to-equity ratio of 0.62. The company has a market cap of $2.94 billion, a PE ratio of 22.16 and a beta of 1.16. PHINIA Inc. has a 1 year low of $41.59 and a 1 year high of $83.35.

PHINIA (NYSE:PHIN) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.16. The firm had revenue of $878.00 million for the quarter, compared to the consensus estimate of $838.67 million. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. On average, analysts predict that PHINIA Inc. will post 6.36 EPS for the current year.

PHINIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, June 9th. PHINIA’s payout ratio is presently 33.52%.

Analyst Ratings Changes

Several equities research analysts have commented on PHIN shares. Freedom Capital cut shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Zacks Research upgraded shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded shares of PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, UBS Group reiterated a “neutral” rating and issued a $76.00 price target on shares of PHINIA in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, PHINIA has a consensus rating of “Moderate Buy” and an average target price of $68.80.

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. 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.