WINTON GROUP Ltd Sells 11,696 Shares of PHINIA Inc. (NYSE:PHIN)

WINTON GROUP Ltd lowered its stake in PHINIA Inc. (NYSE:PHIN - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 115,925 shares of the company's stock after selling 11,696 shares during the quarter. WINTON GROUP Ltd owned approximately 0.28% of PHINIA worth $5,584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC grew its position in shares of PHINIA by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 698 shares of the company's stock valued at $33,000 after acquiring an additional 418 shares during the period. KBC Group NV grew its holdings in PHINIA by 45.8% during the fourth quarter. KBC Group NV now owns 2,180 shares of the company's stock worth $105,000 after purchasing an additional 685 shares during the period. AlphaQuest LLC acquired a new position in PHINIA during the fourth quarter worth approximately $173,000. State of Michigan Retirement System bought a new stake in PHINIA in the fourth quarter valued at approximately $203,000. Finally, Paloma Partners Management Co acquired a new stake in shares of PHINIA in the third quarter valued at approximately $258,000. Institutional investors own 90.94% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PHIN. Northland Securities initiated coverage on PHINIA in a research note on Thursday, January 30th. They issued an "outperform" rating and a $61.00 price target on the stock. Northland Capmk raised shares of PHINIA to a "strong-buy" rating in a research report on Thursday, January 30th. CL King assumed coverage on shares of PHINIA in a research note on Monday, March 24th. They set a "buy" rating and a $54.00 target price for the company. Finally, UBS Group upped their price target 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. One investment 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, the company presently has a consensus rating of "Buy" and a consensus price target of $55.50.

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PHINIA Stock Performance

NYSE PHIN traded down $0.52 on Monday, reaching $42.59. The stock had a trading volume of 106,978 shares, compared to its average volume of 574,548. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.44. The company has a market cap of $1.74 billion, a P/E ratio of 24.34 and a beta of 1.38. The firm has a fifty day moving average of $47.92 and a two-hundred day moving average of $48.70. PHINIA Inc. has a 1-year low of $36.10 and a 1-year high of $57.23.

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

PHINIA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.54%. This is an increase from PHINIA's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 28th. PHINIA's payout ratio is presently 61.71%.

About PHINIA

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.