Villanova Investment Management Co LLC Buys 9,579 Shares of PHINIA Inc. $PHIN

Villanova Investment Management Co LLC boosted its position in shares of PHINIA Inc. (NYSE:PHIN) by 26.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,966 shares of the company’s stock after acquiring an additional 9,579 shares during the period. PHINIA accounts for about 1.8% of Villanova Investment Management Co LLC’s holdings, making the stock its 21st biggest position. Villanova Investment Management Co LLC owned 0.12% of PHINIA worth $2,642,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Rock Creek Group LP boosted its holdings in shares of PHINIA by 16.8% in the 2nd quarter. Rock Creek Group LP now owns 40,891 shares of the company’s stock worth $1,819,000 after purchasing an additional 5,891 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in PHINIA by 76.5% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 122,151 shares of the company’s stock valued at $7,021,000 after purchasing an additional 52,957 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in PHINIA by 736.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 35,170 shares of the company’s stock worth $2,022,000 after buying an additional 30,966 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in PHINIA in the third quarter worth $1,915,000. Finally, Aristides Capital LLC bought a new stake in PHINIA during the second quarter worth about $246,000. Institutional investors own 90.94% of the company’s stock.

PHINIA Price Performance

Shares of NYSE:PHIN opened at $76.06 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.86 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $2.88 billion, a PE ratio of 23.40 and a beta of 1.37. The firm’s 50 day moving average price is $68.17 and its 200-day moving average price is $59.89. PHINIA Inc. has a twelve month low of $36.25 and a twelve month high of $78.90.

PHINIA (NYSE:PHIN) last posted its quarterly earnings data on Thursday, February 12th. The company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.17). PHINIA had a net margin of 3.73% and a return on equity of 12.56%. The company had revenue of $889.00 million for the quarter, compared to analysts’ expectations of $843.59 million. During the same period in the previous year, the firm earned $0.71 earnings per share. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Equities research analysts expect that PHINIA Inc. will post 4.21 EPS for the current year.

PHINIA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a dividend of $0.30 per share. This is a boost 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 annualized dividend and a yield of 1.6%. PHINIA’s dividend payout ratio is 33.23%.

Analyst Ratings Changes

PHIN has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of PHINIA in a research report on Monday, December 29th. BNP Paribas Exane raised PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 price target for the company in a research report on Monday, November 3rd. Northland Securities set a $93.00 price objective on shares of PHINIA in a research report on Friday, February 13th. Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, UBS Group restated a “neutral” rating and issued a $76.00 price objective on shares of PHINIA in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.