State of Wyoming Has $588,000 Holdings in PHINIA Inc. $PHIN

State of Wyoming boosted its stake in shares of PHINIA Inc. (NYSE:PHIN) by 264.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,376 shares of the company’s stock after purchasing an additional 6,806 shares during the quarter. State of Wyoming’s holdings in PHINIA were worth $588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. ProShare Advisors LLC increased its holdings in shares of PHINIA by 1.9% in the 4th quarter. ProShare Advisors LLC now owns 7,409 shares of the company’s stock valued at $464,000 after purchasing an additional 141 shares during the period. Acorn Financial Advisory Services Inc. ADV increased its holdings in shares of PHINIA by 2.7% in the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 5,816 shares of the company’s stock valued at $365,000 after purchasing an additional 155 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of PHINIA by 34.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock valued at $50,000 after purchasing an additional 222 shares during the period. Old North State Wealth Management LLC increased its holdings in shares of PHINIA by 2.5% in the 4th quarter. Old North State Wealth Management LLC now owns 10,253 shares of the company’s stock valued at $643,000 after purchasing an additional 250 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of PHINIA by 151.5% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $27,000 after purchasing an additional 256 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PHIN. Northland Securities set a $93.00 target price on PHINIA in a report on Friday, February 13th. Wall Street Zen upgraded PHINIA from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Freedom Capital downgraded PHINIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Zacks Research upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings upgraded PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PHINIA has a consensus rating of “Moderate Buy” and an average price target of $68.80.

PHINIA Trading Down 3.6%

Shares of NYSE PHIN opened at $79.32 on Friday. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 22.16 and a beta of 1.16. The business has a 50 day simple moving average of $73.99 and a 200 day simple moving average of $68.37. PHINIA Inc. has a 52 week low of $41.59 and a 52 week high of $83.35. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.32 and a current ratio of 1.82.

PHINIA (NYSE:PHIN) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.13 by $0.16. The business had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $838.67 million. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 EPS. On average, research analysts predict that PHINIA Inc. will post 6.36 earnings per share for the current fiscal year.

PHINIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Tuesday, June 9th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. PHINIA’s payout ratio is presently 33.52%.

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. 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.