CWA Asset Management Group LLC Raises Position in PHINIA Inc. (NYSE:PHIN)

CWA Asset Management Group LLC raised its holdings in shares of PHINIA Inc. (NYSE:PHIN) by 23.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,797 shares of the company’s stock after buying an additional 3,954 shares during the quarter. CWA Asset Management Group LLC’s holdings in PHINIA were worth $1,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Pacer Advisors Inc. bought a new position in shares of PHINIA in the third quarter worth approximately $80,154,000. Dimensional Fund Advisors LP increased its holdings in shares of PHINIA by 19.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,317,846 shares of the company’s stock worth $51,869,000 after buying an additional 215,150 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of PHINIA by 10.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,016,602 shares of the company’s stock worth $46,794,000 after buying an additional 95,870 shares during the last quarter. American Century Companies Inc. raised its position in shares of PHINIA by 33.2% during the 2nd quarter. American Century Companies Inc. now owns 1,009,106 shares of the company’s stock valued at $39,718,000 after buying an additional 251,650 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of PHINIA by 0.7% during the 2nd quarter. LSV Asset Management now owns 780,569 shares of the company’s stock worth $30,723,000 after acquiring an additional 5,792 shares during the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.

PHINIA Trading Down 1.1 %

PHIN stock opened at $47.12 on Wednesday. The company has a market capitalization of $1.98 billion, a PE ratio of 20.22 and a beta of 1.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.46 and a current ratio of 1.93. PHINIA Inc. has a one year low of $27.86 and a one year high of $57.23. The company’s 50 day moving average price is $51.04 and its two-hundred day moving average price is $46.97.

PHINIA (NYSE:PHIN) last issued its earnings results on Thursday, October 31st. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.38. PHINIA had a net margin of 3.10% and a return on equity of 9.79%. The company had revenue of $839.00 million for the quarter, compared to analysts’ expectations of $829.82 million. During the same quarter last year, the company earned $0.53 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. As a group, analysts predict that PHINIA Inc. will post 3.44 earnings per share for the current fiscal year.

PHINIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 annualized dividend and a yield of 2.12%. PHINIA’s payout ratio is 42.92%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley downgraded PHINIA from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a research report on Wednesday, September 25th.

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.