Vanguard Group Inc. Sells 174,510 Shares of PHINIA Inc. $PHIN

Vanguard Group Inc. cut its stake in PHINIA Inc. (NYSE:PHIN) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,806,511 shares of the company’s stock after selling 174,510 shares during the period. Vanguard Group Inc. owned 12.08% of PHINIA worth $203,940,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in PHINIA by 8.2% in the first quarter. Janney Montgomery Scott LLC now owns 9,196 shares of the company’s stock valued at $390,000 after acquiring an additional 698 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in PHINIA by 0.6% in the first quarter. Principal Financial Group Inc. now owns 229,854 shares of the company’s stock valued at $9,753,000 after acquiring an additional 1,270 shares during the last quarter. Barclays PLC boosted its holdings in PHINIA by 14.7% in the fourth quarter. Barclays PLC now owns 83,529 shares of the company’s stock valued at $4,023,000 after acquiring an additional 10,724 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in PHINIA by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 17,080 shares of the company’s stock valued at $725,000 after acquiring an additional 274 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in PHINIA by 33.8% in the first quarter. Victory Capital Management Inc. now owns 236,760 shares of the company’s stock valued at $10,046,000 after acquiring an additional 59,808 shares during the last quarter. 90.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on PHIN. Bank of America upped their target price on PHINIA from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Morgan Stanley increased their price target on PHINIA from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Wall Street Zen upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. UBS Group restated a “neutral” rating and set a $55.00 price target (up from $52.00) on shares of PHINIA in a report on Friday, July 25th. Finally, BNP Paribas cut PHINIA from an “outperform” rating to a “neutral” rating and set a $46.00 price target on the stock. in a report on Wednesday, April 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, PHINIA presently has an average rating of “Moderate Buy” and a consensus target price of $53.17.

Insider Buying and Selling

In related news, Director Meggan M. Walsh purchased 1,400 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average cost of $42.71 per share, with a total value of $59,794.00. Following the transaction, the director owned 7,492 shares of the company’s stock, valued at $319,983.32. This represents a 22.98% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

PHINIA Price Performance

Shares of NYSE:PHIN opened at $55.6110 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.86 and a debt-to-equity ratio of 0.59. PHINIA Inc. has a twelve month low of $36.25 and a twelve month high of $57.23. The stock’s 50 day moving average is $48.43 and its 200-day moving average is $45.62. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 0.49 and a beta of 1.51.

PHINIA (NYSE:PHIN) last issued its earnings results on Thursday, July 24th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.28. PHINIA had a return on equity of 10.74% and a net margin of 3.22%.The company had revenue of $890.00 million for the quarter, compared to analyst estimates of $836.51 million. During the same period in the prior year, the firm earned $0.88 earnings per share. PHINIA’s revenue for the quarter was up 2.5% on a year-over-year basis. PHINIA has set its FY 2025 guidance at EPS. Sell-side analysts forecast that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, August 22nd. PHINIA’s dividend payout ratio is presently 41.70%.

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.