O Shaughnessy Asset Management LLC Has $4.71 Million Stake in PHINIA Inc. (NYSE:PHIN)

O Shaughnessy Asset Management LLC grew its stake in shares of PHINIA Inc. (NYSE:PHIN - Free Report) by 35.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,852 shares of the company's stock after purchasing an additional 25,532 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.23% of PHINIA worth $4,714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brandywine Global Investment Management LLC acquired a new position in PHINIA during the fourth quarter worth $6,874,000. American Century Companies Inc. increased its stake in shares of PHINIA by 8.5% during the 4th quarter. American Century Companies Inc. now owns 1,414,155 shares of the company's stock worth $68,120,000 after purchasing an additional 110,931 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of PHINIA by 10.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,016,602 shares of the company's stock valued at $46,794,000 after purchasing an additional 95,870 shares during the period. Barclays PLC lifted its stake in PHINIA by 336.2% in the 3rd quarter. Barclays PLC now owns 72,805 shares of the company's stock valued at $3,351,000 after purchasing an additional 56,114 shares during the last quarter. Finally, ABS Direct Equity Fund LLC lifted its stake in PHINIA by 12,400.0% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 50,000 shares of the company's stock valued at $2,302,000 after purchasing an additional 49,600 shares during the last quarter. Institutional investors own 90.94% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PHIN shares. UBS Group boosted their price target on PHINIA from $55.00 to $57.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. CL King started coverage on PHINIA in a report on Monday, March 24th. They set a "buy" rating and a $54.00 target price on the stock. Northland Securities began coverage on PHINIA in a report on Thursday, January 30th. They set an "outperform" rating and a $61.00 price target for the company. Finally, Northland Capmk upgraded shares of PHINIA to a "strong-buy" rating in a report on Thursday, January 30th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $55.50.

PHINIA Stock Performance

Shares of PHIN stock traded up $0.49 on Monday, hitting $38.51. The company's stock had a trading volume of 791,743 shares, compared to its average volume of 609,864. PHINIA Inc. has a fifty-two week low of $36.10 and a fifty-two week high of $57.23. The company has a market capitalization of $1.57 billion, a PE ratio of 22.01 and a beta of 1.56. The stock's 50 day moving average is $46.75 and its 200-day moving average is $48.44. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.44 and a current ratio of 1.90.

PHINIA (NYSE:PHIN - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). PHINIA had a return on equity of 10.12% and a net margin of 2.32%. The business had revenue of $833.00 million for the quarter, compared to analyst estimates of $811.94 million. Equities research analysts expect that PHINIA Inc. will post 4.21 earnings per share for the current fiscal year.

PHINIA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from PHINIA's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 2.80%. PHINIA's payout ratio is currently 61.71%.

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.