Vanguard Personalized Indexing Management LLC Has $357,000 Stock Position in PHINIA Inc. $PHIN

Vanguard Personalized Indexing Management LLC increased its stake in PHINIA Inc. (NYSE:PHIN) by 12.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,960 shares of the company’s stock after purchasing an additional 867 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in PHINIA were worth $357,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of PHIN. Nisa Investment Advisors LLC raised its position in PHINIA by 1.6% during the first quarter. Nisa Investment Advisors LLC now owns 17,080 shares of the company’s stock valued at $725,000 after purchasing an additional 274 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of PHINIA by 3.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 9,253 shares of the company’s stock valued at $393,000 after purchasing an additional 279 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of PHINIA by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 19,275 shares of the company’s stock worth $858,000 after buying an additional 340 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of PHINIA by 1.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 24,643 shares of the company’s stock worth $1,046,000 after buying an additional 396 shares in the last quarter. Finally, Hancock Whitney Corp lifted its position in shares of PHINIA by 0.9% during the 1st quarter. Hancock Whitney Corp now owns 60,096 shares of the company’s stock worth $2,550,000 after buying an additional 549 shares during the last quarter. Institutional investors own 90.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PHIN shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of PHINIA in a research report on Wednesday, October 8th. UBS Group raised their price target on shares of PHINIA from $55.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Morgan Stanley upped their price objective on shares of PHINIA from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Bank of America increased their price objective on shares of PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Finally, Zacks Research lowered shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.83.

PHINIA Stock Down 0.3%

NYSE:PHIN opened at $54.35 on Friday. PHINIA Inc. has a one year low of $36.25 and a one 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 company has a market cap of $2.11 billion, a PE ratio of 20.98, a P/E/G ratio of 0.53 and a beta of 1.48. The firm’s 50 day simple moving average is $56.58 and its 200 day simple moving average is $48.95.

PHINIA (NYSE:PHIN) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.28. The firm had revenue of $890.00 million during the quarter, compared to analysts’ expectations 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 company posted $0.88 EPS. On average, research analysts anticipate that PHINIA Inc. will post 4.21 earnings per share for the current year.

PHINIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 22nd were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, August 22nd. PHINIA’s dividend payout ratio is presently 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.