PHINIA Inc. (NYSE:PHIN) Stock Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in PHINIA Inc. (NYSE:PHIN) by 19.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,317,846 shares of the company’s stock after buying an additional 215,150 shares during the period. Dimensional Fund Advisors LP owned approximately 2.88% of PHINIA worth $51,869,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Quarry LP bought a new position in shares of PHINIA in the fourth quarter valued at $37,000. Fidelis Capital Partners LLC bought a new position in shares of PHINIA in the first quarter valued at $37,000. GAMMA Investing LLC increased its holdings in shares of PHINIA by 100.4% in the second quarter. GAMMA Investing LLC now owns 1,132 shares of the company’s stock valued at $45,000 after buying an additional 567 shares in the last quarter. TFO Wealth Partners LLC bought a new position in shares of PHINIA in the fourth quarter valued at $48,000. Finally, EntryPoint Capital LLC bought a new position in shares of PHINIA in the first quarter valued at $60,000. Institutional investors own 90.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group assumed coverage on PHINIA in a report on Wednesday, September 4th. They issued a “buy” rating and a $55.00 price target on the stock. Morgan Stanley downgraded shares of PHINIA from an “overweight” rating to an “equal weight” rating and set a $50.00 target price on the stock. in a research note on Wednesday.

Insider Activity

In related news, VP Michael Coetzee sold 900 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $47.71, for a total value of $42,939.00. Following the completion of the sale, the vice president now directly owns 29,540 shares in the company, valued at $1,409,353.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

PHINIA Price Performance

Shares of NYSE:PHIN opened at $46.99 on Friday. The company’s fifty day moving average is $45.81 and its two-hundred day moving average is $42.57. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.47. PHINIA Inc. has a 12-month low of $23.46 and a 12-month high of $52.19. The company has a market cap of $2.05 billion, a P/E ratio of 15.84 and a beta of 0.86.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.27). PHINIA had a net margin of 2.48% and a return on equity of 8.04%. The company had revenue of $868.00 million for the quarter, compared to analysts’ expectations of $889.00 million. During the same quarter in the prior year, the firm earned $1.61 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. Equities analysts expect that PHINIA Inc. will post 3.37 earnings per share for the current fiscal year.

PHINIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, August 23rd.

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.