Deutsche Bank AG Has $1.85 Million Stock Holdings in PHINIA Inc. (NYSE:PHIN)

Deutsche Bank AG increased its stake in shares of PHINIA Inc. (NYSE:PHIN) by 44.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,402 shares of the company’s stock after purchasing an additional 11,883 shares during the period. Deutsche Bank AG owned approximately 0.09% of PHINIA worth $1,850,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its position in 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 in the last quarter. KBC Group NV lifted its position in shares of PHINIA by 45.8% in the fourth 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 last quarter. AlphaQuest LLC acquired a new stake in shares of PHINIA in the fourth quarter valued at approximately $173,000. State of Michigan Retirement System bought a new stake in shares of PHINIA during the 4th quarter worth about $203,000. Finally, Optimize Financial Inc acquired a new position in PHINIA in the 4th quarter valued at $206,000. 90.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. CL King began coverage on shares of PHINIA in a report on Monday, March 24th. They set a “buy” rating and a $54.00 target price on the stock. UBS Group restated a “neutral” rating and set a $45.00 price objective (down previously from $56.00) on shares of PHINIA in a research report on Thursday, April 10th. Northland Capmk upgraded shares of PHINIA to a “strong-buy” rating in a research report on Thursday, January 30th. Northland Securities initiated coverage on shares of PHINIA in a report on Thursday, January 30th. They issued an “outperform” rating and a $61.00 target price on the stock. Finally, Bank of America raised their target price on PHINIA from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.17.

Insider Buying and Selling at PHINIA

In other PHINIA news, CEO Brady D. Ericson acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 30th. The stock was bought at an average price of $39.73 per share, with a total value of $397,300.00. Following the completion of the purchase, the chief executive officer now owns 436,486 shares of the company’s stock, valued at approximately $17,341,588.78. This represents a 2.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Meggan M. Walsh purchased 1,400 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost of $42.71 per share, with a total value of $59,794.00. Following the purchase, the director now owns 7,492 shares in the company, valued at approximately $319,983.32. This represents a 22.98% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.

PHINIA Stock Down 0.1%

PHIN opened at $42.81 on Friday. The company’s 50-day moving average is $41.95 and its 200 day moving average is $47.28. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.44. PHINIA Inc. has a fifty-two week low of $36.25 and a fifty-two week high of $57.23. The firm has a market capitalization of $1.70 billion, a P/E ratio of 24.46 and a beta of 1.59.

PHINIA (NYSE:PHIN) last released its earnings results on Friday, April 25th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.10). PHINIA had a net margin of 2.32% and a return on equity of 10.12%. The company had revenue of $796.00 million for the quarter, compared to the consensus estimate of $813.24 million. During the same period in the prior year, the company earned $1.08 earnings per share. The firm’s revenue was down 7.8% on a year-over-year basis. Research analysts expect that PHINIA Inc. will post 4.21 earnings per share for the current fiscal year.

PHINIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.52%. The ex-dividend date is Monday, June 2nd. PHINIA’s dividend payout ratio (DPR) is currently 61.36%.

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.