Heartland Advisors Inc. Buys 157,018 Shares of PHINIA Inc. $PHIN

Heartland Advisors Inc. increased its stake in shares of PHINIA Inc. (NYSE:PHIN) by 157.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 257,018 shares of the company’s stock after acquiring an additional 157,018 shares during the period. Heartland Advisors Inc. owned about 0.67% of PHINIA worth $14,773,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PHIN. Lodge Hill Capital LLC grew its stake in shares of PHINIA by 37.4% in the third quarter. Lodge Hill Capital LLC now owns 367,330 shares of the company’s stock valued at $21,114,000 after buying an additional 100,000 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of PHINIA by 7.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 172,547 shares of the company’s stock worth $9,918,000 after purchasing an additional 11,718 shares during the last quarter. LSV Asset Management raised its holdings in shares of PHINIA by 13.8% in the 3rd quarter. LSV Asset Management now owns 1,364,534 shares of the company’s stock valued at $78,433,000 after purchasing an additional 165,316 shares during the period. Versor Investments LP bought a new stake in shares of PHINIA in the 3rd quarter valued at about $471,000. Finally, State of Michigan Retirement System acquired a new stake in PHINIA in the 3rd quarter valued at about $242,000. 90.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on PHIN. Zacks Research raised PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. BNP Paribas Exane raised PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 price objective for the company in a research report on Monday, November 3rd. Wall Street Zen lowered PHINIA from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of PHINIA in a research note on Monday, December 29th. Finally, Northland Securities set a $93.00 price target on PHINIA in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.33.

Insiders Place Their Bets

In other news, VP Hongyong Yang sold 893 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $52.43, for a total value of $46,819.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

PHINIA Price Performance

Shares of NYSE PHIN opened at $75.73 on Tuesday. The firm has a market cap of $2.87 billion, a P/E ratio of 23.30 and a beta of 1.37. The business’s 50 day moving average is $66.70 and its 200-day moving average is $59.17. 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 1-year low of $36.25 and a 1-year high of $78.90.

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

PHINIA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be given a dividend of $0.30 per share. This is a positive change from PHINIA’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, March 6th. PHINIA’s dividend payout ratio (DPR) is currently 33.23%.

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.