Lodge Hill Capital LLC Boosts Stock Holdings in PHINIA Inc. $PHIN

Lodge Hill Capital LLC lifted its position in shares of PHINIA Inc. (NYSE:PHIN) by 450.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,381,150 shares of the company’s stock after purchasing an additional 1,948,820 shares during the quarter. PHINIA makes up about 23.9% of Lodge Hill Capital LLC’s portfolio, making the stock its largest holding. Lodge Hill Capital LLC owned about 0.06% of PHINIA worth $162,966,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Royal Bank of Canada raised its stake in PHINIA by 464.8% during the first quarter. Royal Bank of Canada now owns 75,745 shares of the company’s stock worth $3,214,000 after buying an additional 62,333 shares during the last quarter. AQR Capital Management LLC boosted its position in PHINIA by 62.3% during the first quarter. AQR Capital Management LLC now owns 22,343 shares of the company’s stock valued at $938,000 after acquiring an additional 8,576 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in PHINIA by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,891 shares of the company’s stock valued at $1,056,000 after acquiring an additional 1,093 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in PHINIA by 6.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock worth $41,462,000 after acquiring an additional 58,875 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in PHINIA by 7.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,270 shares of the company’s stock worth $4,000,000 after acquiring an additional 6,478 shares during the period. 90.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PHINIA

In related news, VP Michael Coetzee sold 1,250 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $80.61, for a total transaction of $100,762.50. Following the transaction, the vice president directly owned 27,009 shares of the company’s stock, valued at approximately $2,177,195.49. This represents a 4.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Samantha Pombier sold 2,227 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $82.36, for a total value of $183,415.72. Following the transaction, the vice president directly owned 6,637 shares in the company, valued at approximately $546,623.32. This trade represents a 25.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.20% of the company’s stock.

PHINIA Trading Up 2.2%

NYSE:PHIN opened at $82.30 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.32 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 22.99 and a beta of 1.13. The firm has a fifty day simple moving average of $79.49 and a two-hundred day simple moving average of $74.28. PHINIA Inc. has a 12 month low of $48.94 and a 12 month high of $86.93.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.16. The firm had revenue of $878.00 million for the quarter, compared to analyst estimates of $838.67 million. PHINIA had a net margin of 3.96% and a return on equity of 13.23%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. Analysts expect that PHINIA Inc. will post 6.24 EPS for the current fiscal year.

PHINIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Tuesday, June 9th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 9th. PHINIA’s payout ratio is presently 33.52%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. KeyCorp started coverage on PHINIA in a research report on Friday, June 12th. They issued an “overweight” rating and a $105.00 price objective for the company. Weiss Ratings upgraded PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. UBS Group raised their target price on PHINIA from $76.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Zacks Research downgraded PHINIA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Finally, Wall Street Zen raised PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, PHINIA has a consensus rating of “Moderate Buy” and an average target price of $75.67.

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.