US Bancorp DE Boosts Holdings in PHINIA Inc. (NYSE:PHIN)

US Bancorp DE grew its holdings in PHINIA Inc. (NYSE:PHINFree Report) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,360 shares of the company’s stock after purchasing an additional 3,184 shares during the quarter. US Bancorp DE’s holdings in PHINIA were worth $647,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank purchased a new position in shares of PHINIA in the fourth quarter valued at approximately $16,896,000. Long Road Investment Counsel LLC lifted its stake in PHINIA by 4.3% in the fourth quarter. Long Road Investment Counsel LLC now owns 9,806 shares of the company’s stock worth $297,000 after acquiring an additional 400 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in PHINIA by 8.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 26,497 shares of the company’s stock worth $803,000 after acquiring an additional 2,026 shares during the last quarter. Boston Partners lifted its stake in PHINIA by 1,067.0% in the fourth quarter. Boston Partners now owns 463,710 shares of the company’s stock worth $13,975,000 after acquiring an additional 423,974 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in PHINIA by 38.8% in the fourth quarter. Jump Financial LLC now owns 11,953 shares of the company’s stock worth $362,000 after acquiring an additional 3,342 shares during the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.

Analyst Ratings Changes

Separately, Morgan Stanley started coverage on shares of PHINIA in a research note on Monday, March 11th. They issued an “overweight” rating and a $50.00 price target for the company.

Get Our Latest Stock Report on PHINIA

PHINIA Stock Performance

Shares of PHINIA stock opened at $42.81 on Friday. PHINIA Inc. has a 52-week low of $23.46 and a 52-week high of $46.08. The company has a 50 day moving average of $41.17 and a 200 day moving average of $34.46. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.38.

PHINIA (NYSE:PHINGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.34. PHINIA had a net margin of 3.06% and a return on equity of 7.52%. The company had revenue of $863.00 million for the quarter, compared to analysts’ expectations of $800.00 million. The company’s revenue was up 3.4% on a year-over-year basis. On average, research analysts predict that PHINIA Inc. will post 4.05 EPS for the current fiscal year.

PHINIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.34%.

PHINIA Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PHIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PHINIA Inc. (NYSE:PHINFree Report).

Institutional Ownership by Quarter for PHINIA (NYSE:PHIN)

Receive News & Ratings for PHINIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PHINIA and related companies with MarketBeat.com's FREE daily email newsletter.