Public Employees Retirement System of Ohio Has $192,000 Holdings in PHINIA Inc. $PHIN

Public Employees Retirement System of Ohio lessened its holdings in shares of PHINIA Inc. (NYSE:PHIN) by 10.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,314 shares of the company’s stock after selling 495 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in PHINIA were worth $192,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. CX Institutional acquired a new position in PHINIA during the first quarter worth approximately $31,000. Brooklyn Investment Group increased its position in PHINIA by 853.0% during the first quarter. Brooklyn Investment Group now owns 1,582 shares of the company’s stock worth $67,000 after buying an additional 1,416 shares during the last quarter. One Wealth Advisors LLC acquired a new position in PHINIA during the first quarter worth approximately $210,000. Advisors Asset Management Inc. acquired a new position in PHINIA during the first quarter worth approximately $220,000. Finally, Eisler Capital Management Ltd. acquired a new position in PHINIA during the first quarter worth approximately $223,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

PHINIA Trading Down 2.2%

Shares of NYSE:PHIN opened at $55.42 on Tuesday. The company has a market capitalization of $2.16 billion, a P/E ratio of 21.40, a P/E/G ratio of 0.50 and a beta of 1.48. PHINIA Inc. has a 1 year low of $36.25 and a 1 year high of $59.88. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.86 and a quick ratio of 1.36. The business’s 50 day simple moving average is $56.31 and its 200 day simple moving average is $48.08.

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 firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. PHINIA has set its FY 2025 guidance at EPS. On average, research analysts anticipate that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.27 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.08 annualized dividend and a yield of 1.9%. PHINIA’s dividend payout ratio is presently 41.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PHIN shares. Wall Street Zen raised PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Saturday, July 26th. Morgan Stanley upped their target price on PHINIA from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PHINIA in a research report on Saturday, September 27th. UBS Group upped their target price on PHINIA from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Bank of America upped their target price on PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.83.

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.