LSV Asset Management Acquires 6,267 Shares of PHINIA Inc. (NYSE:PHIN)

LSV Asset Management raised its holdings in shares of PHINIA Inc. (NYSE:PHIN) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 774,777 shares of the company’s stock after acquiring an additional 6,267 shares during the quarter. LSV Asset Management’s holdings in PHINIA were worth $29,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Texas Permanent School Fund Corp boosted its position in PHINIA by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 40,858 shares of the company’s stock valued at $1,570,000 after buying an additional 534 shares during the period. Banyan Capital Management Inc. increased its stake in shares of PHINIA by 0.8% during the first quarter. Banyan Capital Management Inc. now owns 243,520 shares of the company’s stock valued at $9,358,000 after purchasing an additional 1,935 shares in the last quarter. Easterly Investment Partners LLC increased its stake in shares of PHINIA by 26.8% during the first quarter. Easterly Investment Partners LLC now owns 45,940 shares of the company’s stock valued at $1,765,000 after purchasing an additional 9,721 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of PHINIA during the first quarter valued at approximately $564,000. Finally, Central Pacific Bank Trust Division bought a new stake in shares of PHINIA during the first quarter valued at approximately $63,000. Institutional investors own 90.94% of the company’s stock.

Insiders Place Their Bets

In related news, VP Robert Boyle sold 1,828 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $43.77, for a total transaction of $80,011.56. Following the completion of the sale, the vice president now owns 36,337 shares in the company, valued at $1,590,470.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by company insiders.

PHINIA Stock Up 0.4 %

Shares of PHIN traded up $0.16 on Friday, hitting $42.25. 623,071 shares of the stock traded hands, compared to its average volume of 695,929. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.71 and a quick ratio of 1.27. The business has a 50 day simple moving average of $42.30 and a 200 day simple moving average of $36.86. PHINIA Inc. has a one year low of $23.46 and a one year high of $46.08.

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

PHINIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, May 23rd.

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.