Jackson Creek Investment Advisors LLC Acquires Shares of 33,315 PHINIA Inc. $PHIN

Jackson Creek Investment Advisors LLC acquired a new stake in shares of PHINIA Inc. (NYSE:PHIN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,315 shares of the company’s stock, valued at approximately $1,915,000. Jackson Creek Investment Advisors LLC owned approximately 0.09% of PHINIA as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. EMC Capital Management purchased a new position in PHINIA during the 2nd quarter valued at approximately $39,000. TD Waterhouse Canada Inc. grew its holdings in shares of PHINIA by 350.0% in the second quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company’s stock valued at $42,000 after purchasing an additional 700 shares in the last quarter. State of Wyoming bought a new stake in PHINIA in the second quarter worth $60,000. Traub Capital Management LLC purchased a new stake in PHINIA during the second quarter valued at $77,000. Finally, CWM LLC lifted its position in PHINIA by 76.8% during the third quarter. CWM LLC now owns 1,448 shares of the company’s stock valued at $83,000 after purchasing an additional 629 shares during the last quarter. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

PHINIA Price Performance

PHIN opened at $69.77 on Tuesday. The business has a fifty day moving average of $62.76 and a 200 day moving average of $57.51. The stock has a market cap of $2.68 billion, a P/E ratio of 31.43 and a beta of 1.37. The company has a quick ratio of 1.25, a current ratio of 1.72 and a debt-to-equity ratio of 0.61. PHINIA Inc. has a 52-week low of $36.25 and a 52-week high of $72.04.

PHINIA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.20 annualized dividend and a yield of 1.7%. This is a boost from PHINIA’s previous quarterly dividend of $0.27. PHINIA’s payout ratio is 48.65%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of PHINIA in a report on Monday, December 29th. UBS Group lifted their price target on PHINIA from $59.00 to $71.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Northland Securities upped their price objective on PHINIA from $65.00 to $79.00 and gave the company an “outperform” rating in a research report on Tuesday, December 30th. Citigroup reiterated a “neutral” rating on shares of PHINIA in a report on Tuesday, October 14th. Finally, Wall Street Zen upgraded PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, PHINIA presently has an average rating of “Moderate Buy” and an average price target of $63.17.

Insider Transactions at PHINIA

In related news, VP Hongyong Yang sold 893 shares of PHINIA stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $52.43, for a total transaction of $46,819.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Samantha Pombier sold 1,940 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $54.14, for a total transaction of $105,031.60. Following the completion of the transaction, the vice president owned 8,869 shares in the company, valued at $480,167.66. This represents a 17.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.00% of the company’s stock.

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. 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.