PHINIA Inc. $PHIN Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lowered its holdings in PHINIA Inc. (NYSE:PHIN) by 72.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 792 shares of the company’s stock after selling 2,064 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in PHINIA were worth $35,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PHIN. Janney Montgomery Scott LLC grew its position in shares of 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 purchasing an additional 698 shares during the last quarter. Principal Financial Group Inc. boosted its position 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 buying an additional 1,270 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in PHINIA by 1.6% during the first quarter. Nisa Investment Advisors LLC now owns 17,080 shares of the company’s stock worth $725,000 after buying an additional 274 shares during the last quarter. Victory Capital Management Inc. boosted its stake 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. Finally, SG Americas Securities LLC bought a new position in shares of PHINIA during the 1st quarter valued at $357,000. 90.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PHIN has been the topic of several analyst reports. Bank of America lifted their price target on shares of PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. UBS Group reaffirmed a “neutral” rating and set a $55.00 price objective (up previously from $52.00) on shares of PHINIA in a research note on Friday, July 25th. Morgan Stanley boosted their price objective on PHINIA from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.67.

PHINIA Stock Performance

NYSE:PHIN opened at $58.59 on Friday. The stock has a market cap of $2.28 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 0.52 and a beta of 1.53. PHINIA Inc. has a fifty-two week low of $36.25 and a fifty-two week high of $59.88. The firm’s fifty day simple moving average is $54.55 and its 200-day simple moving average is $46.94. 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 (NYSE:PHIN) last announced its quarterly earnings data on Thursday, July 24th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.28. The business had revenue of $890.00 million for the quarter, compared to analyst estimates of $836.51 million. PHINIA had a net margin of 3.22% and a return on equity of 10.74%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 EPS. PHINIA has set its FY 2025 guidance at EPS. Analysts expect that PHINIA Inc. will post 4.21 earnings per share for the current fiscal year.

PHINIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 22nd were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 22nd. PHINIA’s dividend payout ratio is 41.70%.

About PHINIA

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.