Empowered Funds LLC Has $11.55 Million Stake in PHINIA Inc. (NYSE:PHIN)

Empowered Funds LLC lifted its stake in shares of PHINIA Inc. (NYSE:PHIN) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 239,821 shares of the company’s stock after purchasing an additional 11,625 shares during the period. Empowered Funds LLC owned approximately 0.57% of PHINIA worth $11,552,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of PHINIA by 23.9% during the third quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock worth $65,000 after purchasing an additional 271 shares in the last quarter. KBC Group NV lifted its position in shares of PHINIA by 49.4% during the third quarter. KBC Group NV now owns 1,495 shares of the company’s stock worth $69,000 after purchasing an additional 494 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of PHINIA by 4,502.9% during the third quarter. International Assets Investment Management LLC now owns 3,222 shares of the company’s stock worth $148,000 after purchasing an additional 3,152 shares in the last quarter. Creative Planning acquired a new position in shares of PHINIA during the third quarter worth approximately $203,000. Finally, Paloma Partners Management Co acquired a new position in shares of PHINIA during the third quarter worth approximately $258,000. 90.94% of the stock is currently owned by institutional investors and hedge funds.

PHINIA Trading Down 0.9 %

Shares of NYSE:PHIN opened at $49.91 on Friday. PHINIA Inc. has a 12 month low of $29.42 and a 12 month high of $57.23. The company has a quick ratio of 1.46, a current ratio of 1.93 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $50.29 and its 200 day simple moving average is $48.30. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 21.42 and a beta of 1.35.

PHINIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.00%. PHINIA’s payout ratio is 42.92%.

Analyst Ratings Changes

PHIN has been the topic of a number of recent research reports. Northland Capmk raised shares of PHINIA to a “strong-buy” rating in a research note on Thursday, January 30th. UBS Group raised their price objective 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 Securities initiated coverage on shares of PHINIA in a research note on Thursday, January 30th. They issued an “outperform” rating and a $61.00 price objective on the stock.

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.