Advisory Research Inc. Lowers Stock Holdings in PHINIA Inc. $PHIN

Advisory Research Inc. cut its stake in PHINIA Inc. (NYSE:PHIN) by 16.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 273,930 shares of the company’s stock after selling 55,587 shares during the period. PHINIA makes up 2.1% of Advisory Research Inc.’s investment portfolio, making the stock its 17th largest position. Advisory Research Inc. owned about 0.71% of PHINIA worth $15,745,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rock Creek Group LP grew its stake in PHINIA by 16.8% during the second quarter. Rock Creek Group LP now owns 40,891 shares of the company’s stock worth $1,819,000 after buying an additional 5,891 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its position in PHINIA by 76.5% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 122,151 shares of the company’s stock valued at $7,021,000 after purchasing an additional 52,957 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of PHINIA by 736.6% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 35,170 shares of the company’s stock worth $2,022,000 after purchasing an additional 30,966 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in PHINIA during the 3rd quarter worth approximately $1,915,000. Finally, Assenagon Asset Management S.A. purchased a new position in PHINIA in the 3rd quarter worth approximately $3,866,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

PHINIA Trading Down 1.3%

NYSE PHIN opened at $64.03 on Friday. PHINIA Inc. has a one year low of $36.25 and a one year high of $81.11. The firm has a market capitalization of $2.43 billion, a PE ratio of 19.70 and a beta of 1.36. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.36 and a current ratio of 1.86. The company has a 50-day simple moving average of $71.05 and a 200-day simple moving average of $61.41.

PHINIA (NYSE:PHIN) last announced its quarterly earnings results on Thursday, February 12th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.17). The firm had revenue of $889.00 million for the quarter, compared to analyst estimates of $843.59 million. PHINIA had a net margin of 3.73% and a return on equity of 12.56%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $0.71 EPS. On average, equities analysts forecast that PHINIA Inc. will post 4.21 earnings per share for the current 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 paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from PHINIA’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. PHINIA’s dividend payout ratio (DPR) is currently 36.92%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PHIN shares. Freedom Capital lowered shares of PHINIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Northland Securities set a $93.00 price target on PHINIA in a report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of PHINIA in a research note on Monday, December 29th. Wall Street Zen upgraded shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Finally, UBS Group reaffirmed a “neutral” rating and set a $76.00 price target on shares of PHINIA in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.33.

Insiders Place Their Bets

In related news, VP Christopher Gustanski sold 3,812 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $72.73, for a total transaction of $277,246.76. Following the transaction, the vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Neil Fryer sold 624 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $72.75, for a total value of $45,396.00. Following the sale, the vice president directly owned 18,180 shares in the company, valued at approximately $1,322,595. The trade was a 3.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.00% of the stock is currently owned by company insiders.

PHINIA 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.