Great Lakes Advisors LLC Trims Stock Position in PHINIA Inc. $PHIN

Great Lakes Advisors LLC trimmed its holdings in shares of PHINIA Inc. (NYSE:PHIN) by 4.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,283 shares of the company’s stock after selling 7,608 shares during the period. Great Lakes Advisors LLC owned about 0.41% of PHINIA worth $6,886,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PHIN. CX Institutional purchased a new position in shares of PHINIA during the 1st quarter worth approximately $31,000. Brooklyn Investment Group raised its stake in shares of PHINIA by 853.0% during the 1st quarter. Brooklyn Investment Group now owns 1,582 shares of the company’s stock worth $67,000 after buying an additional 1,416 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PHINIA during the 4th quarter worth approximately $144,000. One Wealth Advisors LLC purchased a new position in shares of PHINIA during the 1st quarter worth approximately $210,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of PHINIA during the 1st quarter worth approximately $220,000. 90.94% of the stock is owned by hedge funds and other institutional investors.

PHINIA Price Performance

Shares of NYSE:PHIN opened at $57.92 on Wednesday. PHINIA Inc. has a one year low of $36.25 and a one year high of $59.60. The business’s fifty day moving average price is $52.83 and its two-hundred day moving average price is $46.39. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.36 and a current ratio of 1.86. The stock has a market cap of $2.25 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 0.52 and a beta of 1.53.

PHINIA (NYSE:PHIN) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.28. The business had revenue of $890.00 million for the quarter, compared to analysts’ expectations of $836.51 million. PHINIA had a return on equity of 10.74% and a net margin of 3.22%.The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 earnings per share. PHINIA has set its FY 2025 guidance at EPS. On average, analysts forecast that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 22nd. PHINIA’s dividend payout ratio (DPR) is 41.70%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PHIN. Morgan Stanley increased their target price on PHINIA from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Wall Street Zen raised PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Bank of America upped their price target on PHINIA from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Finally, UBS Group restated a “neutral” rating and issued a $55.00 price target (up previously from $52.00) on shares of PHINIA in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.17.

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.