American Century Companies Inc. Increases Position in PHINIA Inc. $PHIN

American Century Companies Inc. lifted its position in shares of PHINIA Inc. (NYSE:PHIN) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,641,916 shares of the company’s stock after acquiring an additional 74,430 shares during the quarter. American Century Companies Inc. owned 4.27% of PHINIA worth $94,377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fox Run Management L.L.C. lifted its stake in PHINIA by 87.0% in the 3rd quarter. Fox Run Management L.L.C. now owns 19,450 shares of the company’s stock valued at $1,118,000 after buying an additional 9,047 shares in the last quarter. MAI Capital Management raised its holdings in shares of PHINIA by 845.4% in the third quarter. MAI Capital Management now owns 917 shares of the company’s stock worth $53,000 after acquiring an additional 820 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of PHINIA by 34.4% in the third quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock valued at $50,000 after acquiring an additional 222 shares in the last quarter. Villanova Investment Management Co LLC boosted its stake in shares of PHINIA by 26.3% during the third quarter. Villanova Investment Management Co LLC now owns 45,966 shares of the company’s stock valued at $2,642,000 after acquiring an additional 9,579 shares during the last quarter. Finally, SG Capital Management LLC acquired a new stake in shares of PHINIA during the third quarter valued at $3,898,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

PHINIA Stock Performance

PHINIA stock opened at $71.73 on Wednesday. PHINIA Inc. has a 12-month low of $36.25 and a 12-month high of $81.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.36. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 22.07 and a beta of 1.36. The firm’s fifty day moving average price is $70.31 and its 200 day moving average price is $60.93.

PHINIA (NYSE:PHIN) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.17). The company had revenue of $889.00 million for the quarter, compared to analyst estimates of $843.59 million. PHINIA had a return on equity of 12.56% and a net margin of 3.73%.The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. On average, research analysts forecast that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from PHINIA’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 6th. PHINIA’s dividend payout ratio is presently 33.23%.

Analyst Ratings Changes

PHIN has been the subject of a number of analyst reports. UBS Group reissued a “neutral” rating and issued a $76.00 price objective on shares of PHINIA in a research report on Friday, February 13th. Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of PHINIA in a research note on Monday, December 29th. Northland Securities set a $93.00 price objective on PHINIA in a research report on Friday, February 13th. Finally, Zacks Research upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, PHINIA currently has an average rating of “Moderate Buy” and an average price target of $66.33.

PHINIA Company 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. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.