SG Capital Management LLC Purchases New Stake in PHINIA Inc. $PHIN

SG Capital Management LLC bought a new stake in shares of PHINIA Inc. (NYSE:PHIN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 67,817 shares of the company’s stock, valued at approximately $3,898,000. SG Capital Management LLC owned 0.18% of PHINIA as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Heartland Advisors Inc. lifted its stake in PHINIA by 157.0% in the third quarter. Heartland Advisors Inc. now owns 257,018 shares of the company’s stock valued at $14,773,000 after purchasing an additional 157,018 shares during the last quarter. Lodge Hill Capital LLC lifted its holdings 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 worth $21,114,000 after buying an additional 100,000 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in PHINIA by 7.3% in 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 in the last quarter. LSV Asset Management boosted its stake in PHINIA by 13.8% during the third quarter. LSV Asset Management now owns 1,364,534 shares of the company’s stock valued at $78,433,000 after buying an additional 165,316 shares during the period. Finally, Versor Investments LP purchased a new position in shares of PHINIA during the third quarter worth about $471,000. Hedge funds and other institutional investors own 90.94% of the company’s stock.

PHINIA Price Performance

Shares of PHIN opened at $76.03 on Thursday. PHINIA Inc. has a twelve month low of $36.25 and a twelve month high of $78.90. The company has a market capitalization of $2.88 billion, a P/E ratio of 23.39 and a beta of 1.37. The firm has a 50 day moving average of $67.46 and a 200 day moving average of $59.47. The company has a quick ratio of 1.36, a current ratio of 1.86 and a debt-to-equity ratio of 0.61.

PHINIA (NYSE:PHIN) last issued its earnings results on Thursday, February 12th. The company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.17). The business had revenue of $889.00 million for the quarter, compared to analysts’ expectations of $843.59 million. PHINIA had a net margin of 3.73% and a return on equity of 12.56%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 earnings per share. As a group, equities research analysts anticipate that PHINIA Inc. will post 4.21 earnings per share for the current fiscal year.

PHINIA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a $0.30 dividend. This is a positive change from PHINIA’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. PHINIA’s payout ratio is presently 33.23%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PHIN shares. UBS Group reiterated a “neutral” rating and set a $76.00 price objective on shares of PHINIA in a research report on Friday, February 13th. BNP Paribas Exane raised PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 target price on the stock in a research note on Monday, November 3rd. Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Wall Street Zen lowered PHINIA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PHINIA in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, PHINIA currently has a consensus rating of “Moderate Buy” and an average target price of $66.33.

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.