Mutual of America Capital Management LLC Cuts Holdings in PHINIA Inc. $PHIN

Mutual of America Capital Management LLC decreased its position in shares of PHINIA Inc. (NYSE:PHIN) by 14.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,113 shares of the company’s stock after selling 831 shares during the period. Mutual of America Capital Management LLC’s holdings in PHINIA were worth $227,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in shares of PHINIA by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 17,080 shares of the company’s stock worth $725,000 after acquiring an additional 274 shares during the period. OneDigital Investment Advisors LLC raised its position in shares of PHINIA by 3.1% in the first quarter. OneDigital Investment Advisors LLC now owns 9,253 shares of the company’s stock worth $393,000 after acquiring an additional 279 shares during the period. SummerHaven Investment Management LLC raised its position in shares of PHINIA by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 19,275 shares of the company’s stock worth $858,000 after acquiring an additional 340 shares during the period. Illinois Municipal Retirement Fund increased its stake in shares of PHINIA by 1.6% during the first quarter. Illinois Municipal Retirement Fund now owns 24,643 shares of the company’s stock worth $1,046,000 after purchasing an additional 396 shares in the last quarter. Finally, Hancock Whitney Corp increased its stake in shares of PHINIA by 0.9% during the first quarter. Hancock Whitney Corp now owns 60,096 shares of the company’s stock worth $2,550,000 after purchasing an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.

PHINIA Stock Performance

PHINIA stock opened at $52.08 on Thursday. The firm has a 50 day simple moving average of $56.46 and a 200-day simple moving average of $49.51. 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 0.61, a current ratio of 1.72 and a quick ratio of 1.36. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 0.52 and a beta of 1.48.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.42. PHINIA had a net margin of 2.63% and a return on equity of 11.64%. The business had revenue of $908.00 million during the quarter, compared to analysts’ expectations of $861.57 million. During the same quarter in the prior year, the company posted $1.17 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. PHINIA has set its FY 2025 guidance at EPS. On average, analysts expect that PHINIA Inc. will post 4.21 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on PHIN. UBS Group cut their target price on shares of PHINIA from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday. Citigroup reissued a “neutral” rating on shares of PHINIA in a research note on Tuesday, October 14th. Bank of America upped 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. Zacks Research cut shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Morgan Stanley upped their price objective on shares of PHINIA from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.33.

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.