Dimensional Fund Advisors LP Purchases 10,750 Shares of PHINIA Inc. $PHIN

Dimensional Fund Advisors LP grew its holdings in shares of PHINIA Inc. (NYSE:PHIN) by 0.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,256,782 shares of the company’s stock after purchasing an additional 10,750 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.87% of PHINIA worth $129,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PHIN. EMC Capital Management bought a new stake in PHINIA during the second quarter valued at approximately $39,000. TD Waterhouse Canada Inc. boosted its stake in shares of PHINIA by 350.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company’s stock worth $42,000 after acquiring an additional 700 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of PHINIA by 34.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock worth $50,000 after acquiring an additional 222 shares during the last quarter. MAI Capital Management grew its position in shares of PHINIA by 845.4% during the 3rd quarter. MAI Capital Management now owns 917 shares of the company’s stock valued at $53,000 after acquiring an additional 820 shares during the period. Finally, State of Wyoming purchased a new stake in shares of PHINIA in the 2nd quarter worth $60,000. Institutional investors own 90.94% of the company’s stock.

PHINIA Stock Down 2.1%

Shares of PHIN opened at $64.98 on Thursday. The business’s 50 day moving average is $71.02 and its 200 day moving average is $61.39. The company has a current ratio of 1.86, a quick ratio of 1.36 and a debt-to-equity ratio of 0.61. PHINIA Inc. has a 12-month low of $36.25 and a 12-month high of $81.11. The company has a market capitalization of $2.46 billion, a PE ratio of 19.99 and a beta of 1.36.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.17). PHINIA had a net margin of 3.73% and a return on equity of 12.56%. The company had revenue of $889.00 million for the quarter, compared to analysts’ expectations of $843.59 million. During the same period last year, the business earned $0.71 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. 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 declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, March 6th. This is an increase from PHINIA’s previous quarterly dividend of $0.27. PHINIA’s dividend payout ratio is presently 36.92%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PHIN. UBS Group reiterated a “neutral” rating and set a $76.00 target price on shares of PHINIA in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PHINIA in a research note on Monday, December 29th. Freedom Capital cut PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 22nd. Finally, Zacks Research upgraded shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, PHINIA has an average rating of “Moderate Buy” and a consensus target price of $66.33.

Insider Buying and Selling at PHINIA

In other PHINIA news, VP Neil Fryer sold 624 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $72.75, for a total transaction of $45,396.00. Following the completion of the transaction, the vice president owned 18,180 shares of the company’s stock, valued at $1,322,595. This represents a 3.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher Gustanski sold 3,812 shares of PHINIA stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $72.73, for a total value of $277,246.76. Following the completion of the sale, the vice president directly owned 14,871 shares in the company, valued at $1,081,567.83. This trade represents a 20.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.00% of the stock is owned by insiders.

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.