Swiss National Bank Trims Stake in PHINIA Inc. $PHIN

Swiss National Bank cut its stake in shares of PHINIA Inc. (NYSE:PHIN) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,516 shares of the company’s stock after selling 4,400 shares during the quarter. Swiss National Bank owned approximately 0.20% of PHINIA worth $3,459,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PHIN. CX Institutional purchased a new position in shares of PHINIA during the first quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PHINIA during the fourth quarter worth approximately $144,000. One Wealth Advisors LLC purchased a new position in shares of PHINIA during the first quarter worth approximately $210,000. Oppenheimer Asset Management Inc. increased its position in shares of PHINIA by 11.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,498 shares of the company’s stock worth $233,000 after acquiring an additional 560 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of PHINIA during the first quarter worth approximately $243,000. 90.94% of the stock is owned by hedge funds and other institutional investors.

PHINIA Price Performance

NYSE PHIN opened at $55.93 on Thursday. The company has a market cap of $2.18 billion, a PE ratio of 21.59, a P/E/G ratio of 0.49 and a beta of 1.51. PHINIA Inc. has a 52-week low of $36.25 and a 52-week high of $57.23. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.36 and a current ratio of 1.86. The firm’s 50 day moving average price is $48.66 and its 200-day moving average price is $45.69.

PHINIA (NYSE:PHIN) last issued its quarterly earnings results on Thursday, July 24th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.28. The business had revenue of $890.00 million for the quarter, compared to the consensus estimate of $836.51 million. PHINIA had a return on equity of 10.74% and a net margin of 3.22%.The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.9%. PHINIA’s dividend payout ratio (DPR) is presently 41.70%.

Wall Street Analyst Weigh In

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

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.