LSV Asset Management Acquires 42,080 Shares of PHINIA Inc. (NYSE:PHIN)

LSV Asset Management grew its holdings in PHINIA Inc. (NYSE:PHIN) by 5.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 768,510 shares of the company’s stock after buying an additional 42,080 shares during the quarter. LSV Asset Management’s holdings in PHINIA were worth $23,278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of PHIN. Parkside Financial Bank & Trust increased its holdings in PHINIA by 816.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 990 shares of the company’s stock worth $30,000 after acquiring an additional 882 shares during the period. Oakworth Capital Inc. purchased a new position in PHINIA in the 3rd quarter worth approximately $27,000. Whittier Trust Co. purchased a new position in PHINIA in the 3rd quarter worth approximately $29,000. Financial Enhancement Group LLC grew its stake in PHINIA by 3.6% in the 4th quarter. Financial Enhancement Group LLC now owns 33,289 shares of the company’s stock worth $946,000 after buying an additional 1,149 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in PHINIA in the 3rd quarter worth approximately $35,000. Institutional investors own 90.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley began coverage on shares of PHINIA in a research note on Monday, March 11th. They issued an “overweight” rating and a $50.00 price target for the company.

PHINIA Stock Performance

Shares of PHINIA stock opened at $42.32 on Tuesday. PHINIA Inc. has a 52-week low of $23.46 and a 52-week high of $42.81. The company has a fifty day moving average of $37.56 and a 200-day moving average of $31.64. The company has a quick ratio of 1.27, a current ratio of 1.71 and a debt-to-equity ratio of 0.38.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.34. PHINIA had a net margin of 3.06% and a return on equity of 7.52%. The company had revenue of $863.00 million during the quarter, compared to analysts’ expectations of $800.00 million. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts forecast that PHINIA Inc. will post 4.05 EPS for the current fiscal year.

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.