BlackRock Amends PHINIA Stake, Maintains Significant Position

TL;DR

**BlackRock still owns a big chunk of PHINIA, signaling institutional confidence.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in PHINIA INC. as of December 31, 2023. This filing indicates that BlackRock, a major institutional investor, continues to hold a significant stake in PHINIA's Common Stock. For investors, this means a large, influential fund manager sees value in PHINIA, which can signal stability and potentially attract other institutional interest, but it doesn't necessarily imply a change in BlackRock's investment strategy.

Why It Matters

This filing confirms BlackRock's continued substantial investment in PHINIA, which can be a vote of confidence for current and prospective shareholders, suggesting the stock remains attractive to large institutional money managers.

Risk Assessment

Risk Level: low — This is a routine amendment by a large institutional investor, indicating no immediate significant risk or change in company fundamentals.

Analyst Insight

A smart investor would note BlackRock's continued presence as a significant shareholder in PHINIA INC. and consider it as part of their broader due diligence, but not as a sole reason to buy or sell, as this filing is a routine update and doesn't indicate a new investment decision.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and a major institutional investor
• PHINIA INC. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event which required the filing
• January 23, 2024 (date) — the filing date of the SC 13G/A amendment
• 71880K101 (other) — the CUSIP number for PHINIA INC. Common Stock

FAQ

From the Filing

0001086364-24-001681.txt : 20240123 0001086364-24-001681.hdr.sgml : 20240123 20240123161358 ACCESSION NUMBER: 0001086364-24-001681 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240123 DATE AS OF CHANGE: 20240123 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PHINIA INC. CENTRAL INDEX KEY: 0001968915 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-94136 FILM NUMBER: 24552736 BUSINESS ADDRESS: STREET 1: 3000 UNIVERSITY DRIVE CITY: AUBURN HILLS STATE: MI ZIP: 48326 BUSINESS PHONE: 947-262-8147 MAIL ADDRESS: STREET 1: 3000 UNIVERSITY DRIVE CITY: AUBURN HILLS STATE: MI ZIP: 48326 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us71880k1016_012324.txt us71880k1016_012324.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) PHINIA INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 71880K101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 71880K101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 5719089 (6) Shared voting power 0 (7) Sole dispositive power 5858600 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 5858600 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 12.5% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- PHINIA INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 3000 UNIVERSITY DRIVE AUBURN HILLS MI 48326 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----------------------------------------------