PHINIA Inc. (NYSE:PHIN) Shares Purchased by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC raised its holdings in shares of PHINIA Inc. (NYSE:PHIN) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,547 shares of the company’s stock after buying an additional 3,820 shares during the period. PHINIA comprises 1.7% of Villanova Investment Management Co LLC’s investment portfolio, making the stock its 25th largest position. Villanova Investment Management Co LLC owned 0.09% of PHINIA worth $1,905,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in PHINIA by 149.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 698 shares of the company’s stock worth $33,000 after purchasing an additional 418 shares during the period. KBC Group NV raised its holdings in shares of PHINIA by 45.8% during the 4th quarter. KBC Group NV now owns 2,180 shares of the company’s stock valued at $105,000 after buying an additional 685 shares during the period. AlphaQuest LLC acquired a new position in PHINIA during the 4th quarter worth approximately $173,000. State of Michigan Retirement System purchased a new position in PHINIA in the 4th quarter worth approximately $203,000. Finally, Magnetar Financial LLC acquired a new stake in PHINIA in the fourth quarter valued at approximately $264,000. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

PHINIA Price Performance

Shares of NYSE PHIN opened at $42.56 on Tuesday. PHINIA Inc. has a twelve month low of $36.10 and a twelve month high of $57.23. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 24.32 and a beta of 1.38. The firm has a 50-day moving average of $47.74 and a two-hundred day moving average of $48.68. The company has a current ratio of 1.90, a quick ratio of 1.44 and a debt-to-equity ratio of 0.61.

PHINIA (NYSE:PHIN) last posted its quarterly earnings data 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). PHINIA had a return on equity of 10.12% and a net margin of 2.32%. The company had revenue of $833.00 million for the quarter, compared to analyst estimates of $811.94 million. As a group, analysts expect that PHINIA Inc. will post 4.21 earnings per share for the current fiscal year.

PHINIA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.54%. The ex-dividend date was Friday, February 28th. This is a positive change from PHINIA’s previous quarterly dividend of $0.25. PHINIA’s dividend payout ratio (DPR) is presently 61.71%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PHIN. Northland Securities assumed 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. CL King began coverage on PHINIA in a research report on Monday, March 24th. They set a “buy” rating and a $54.00 target price on the stock. Northland Capmk upgraded PHINIA to a “strong-buy” rating in a research note on Thursday, January 30th. Finally, UBS Group raised their price objective on PHINIA from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, PHINIA presently has an average rating of “Buy” and an average price target of $55.50.

PHINIA 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.