Nuveen LLC Acquires Shares of 257,820 PHINIA Inc. $PHIN

Nuveen LLC acquired a new stake in shares of PHINIA Inc. (NYSE:PHIN) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 257,820 shares of the company’s stock, valued at approximately $10,939,000. Nuveen LLC owned approximately 0.65% of PHINIA at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Janney Montgomery Scott LLC raised its stake in shares of PHINIA by 8.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,196 shares of the company’s stock worth $390,000 after purchasing an additional 698 shares during the period. Principal Financial Group Inc. raised its stake in shares of PHINIA by 0.6% during the 1st quarter. Principal Financial Group Inc. now owns 229,854 shares of the company’s stock worth $9,753,000 after purchasing an additional 1,270 shares during the period. Barclays PLC raised its stake in shares of PHINIA by 14.7% during the 4th quarter. Barclays PLC now owns 83,529 shares of the company’s stock worth $4,023,000 after purchasing an additional 10,724 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of PHINIA by 1.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 17,080 shares of the company’s stock worth $725,000 after purchasing an additional 274 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of PHINIA by 33.8% during the 1st quarter. Victory Capital Management Inc. now owns 236,760 shares of the company’s stock worth $10,046,000 after purchasing an additional 59,808 shares during the period. 90.94% of the stock is currently owned by institutional investors.

PHINIA Stock Up 3.6%

PHIN stock opened at $58.3360 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.86 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $2.27 billion, a PE ratio of 22.52, a PEG ratio of 0.50 and a beta of 1.51. PHINIA Inc. has a twelve month low of $36.25 and a twelve month high of $58.41. The stock has a 50-day simple moving average of $49.24 and a two-hundred day simple moving average of $45.79.

PHINIA (NYSE:PHIN) last posted its earnings results on Thursday, July 24th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.28. The business had revenue of $890.00 million during the quarter, compared to analyst estimates of $836.51 million. PHINIA had a return on equity of 10.74% and a net margin of 3.22%.The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. PHINIA has set its FY 2025 guidance at EPS. On average, equities analysts predict that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.27 per share. 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 payout ratio is presently 41.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PHIN shares. Morgan Stanley lifted their target price on PHINIA from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. UBS Group reiterated a “neutral” rating and set a $55.00 target price (up from $52.00) on shares of PHINIA in a research note on Friday, July 25th. Bank of America lifted their target price on PHINIA from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Finally, Wall Street Zen raised PHINIA from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.17.

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.