Oppenheimer Asset Management Inc. Buys 1,515 Shares of PHINIA Inc. $PHIN

Oppenheimer Asset Management Inc. lifted its stake in PHINIA Inc. (NYSE:PHIN) by 27.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,013 shares of the company’s stock after acquiring an additional 1,515 shares during the period. Oppenheimer Asset Management Inc.’s holdings in PHINIA were worth $312,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group grew its position in shares of 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 purchasing an additional 1,416 shares during the last quarter. One Wealth Advisors LLC acquired a new stake in shares of PHINIA in the first quarter valued at about $210,000. Advisors Asset Management Inc. acquired a new stake in shares of PHINIA in the first quarter valued at about $220,000. Eisler Capital Management Ltd. acquired a new stake in shares of PHINIA in the first quarter valued at about $223,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of PHINIA in the first quarter valued at about $243,000. 90.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price target on PHINIA from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. UBS Group lowered their price target on PHINIA from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday. Bank of America lifted their target price on PHINIA from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Wall Street Zen raised PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Saturday, July 26th. Finally, Zacks Research downgraded PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. One research 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.33.

PHINIA Stock Up 0.1%

Shares of PHIN opened at $51.94 on Monday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 0.49 and a beta of 1.46. The company has a quick ratio of 1.25, a current ratio of 1.72 and a debt-to-equity ratio of 0.61. PHINIA Inc. has a 12 month low of $36.25 and a 12 month high of $59.88. The company has a 50-day moving average price of $56.24 and a two-hundred day moving average price of $49.75.

PHINIA (NYSE:PHIN) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.42. The firm had revenue of $908.00 million during the quarter, compared to analysts’ expectations of $861.57 million. PHINIA had a net margin of 2.63% and a return on equity of 11.64%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 earnings per share. PHINIA has set its FY 2025 guidance at EPS. Equities analysts predict that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, November 24th will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, November 24th. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. PHINIA’s dividend payout ratio (DPR) is currently 48.65%.

PHINIA Company Profile

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.