State of Alaska Department of Revenue Increases Position in PHINIA Inc. $PHIN

State of Alaska Department of Revenue increased its position in PHINIA Inc. (NYSE:PHIN) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,723 shares of the company’s stock after acquiring an additional 1,108 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of PHINIA worth $1,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PHIN. CX Institutional acquired a new position in shares of PHINIA in the first quarter valued at about $31,000. Brooklyn Investment Group boosted its position in PHINIA by 853.0% in the first quarter. Brooklyn Investment Group now owns 1,582 shares of the company’s stock valued at $67,000 after buying an additional 1,416 shares during the last quarter. One Wealth Advisors LLC purchased a new stake in PHINIA in the first quarter valued at approximately $210,000. Advisors Asset Management Inc. acquired a new position in PHINIA in the 1st quarter worth approximately $220,000. Finally, Eisler Capital Management Ltd. purchased a new position in PHINIA during the 1st quarter worth approximately $223,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

PHINIA Price Performance

NYSE:PHIN opened at $56.76 on Monday. 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 52 week low of $36.25 and a 52 week high of $59.88. The stock’s 50-day moving average price is $56.27 and its 200-day moving average price is $48.00. The stock has a market capitalization of $2.21 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 0.50 and a beta of 1.48.

PHINIA (NYSE:PHIN) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $836.51 million. During the same quarter in the prior year, the firm posted $0.88 EPS. PHINIA’s quarterly revenue was up 2.5% compared to the same quarter last year. PHINIA has set its FY 2025 guidance at EPS. As a group, equities analysts expect that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on PHIN shares. Wall Street Zen raised shares of 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 target price (up from $52.00) on shares of PHINIA in a research report on Friday, July 25th. Morgan Stanley upped their price target on shares of PHINIA from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. Bank of America lifted their price objective on PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of PHINIA in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, PHINIA currently has an average rating of “Moderate Buy” and an average price target of $54.67.

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.