LSV Asset Management Has $29.78 Million Stake in PHINIA Inc. (NYSE:PHIN)

LSV Asset Management increased its stake in shares of PHINIA Inc. (NYSE:PHIN) by 0.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 774,777 shares of the company’s stock after acquiring an additional 6,267 shares during the period. LSV Asset Management owned 1.70% of PHINIA worth $29,775,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust grew its holdings in PHINIA by 816.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 990 shares of the company’s stock valued at $30,000 after buying an additional 882 shares during the last quarter. Quarry LP acquired a new stake in PHINIA in the 4th quarter valued at approximately $37,000. Fidelis Capital Partners LLC acquired a new stake in PHINIA in the 1st quarter valued at approximately $37,000. Cape Investment Advisory Inc. acquired a new stake in PHINIA in the 4th quarter valued at approximately $39,000. Finally, TFO Wealth Partners LLC acquired a new stake in PHINIA in the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

PHINIA Trading Up 0.4 %

PHIN traded up $0.16 during midday trading on Friday, reaching $42.25. The company’s stock had a trading volume of 623,071 shares, compared to its average volume of 695,929. The company has a fifty day simple moving average of $42.30 and a 200 day simple moving average of $36.86. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.27 and a current ratio of 1.71. PHINIA Inc. has a twelve month low of $23.46 and a twelve month high of $46.08.

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

PHINIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.37%.

Insiders Place Their Bets

In related news, VP Robert Boyle sold 1,828 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now owns 36,337 shares in the company, valued at approximately $1,590,470.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

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.