Capital Fund Management S.A. Buys New Shares in PHINIA Inc. $PHIN

Key Points

• Capital Fund Management S.A. acquired 22,100 shares of PHINIA Inc., valued at approximately $938,000, marking a new position in the company during the 1st quarter.
• PHINIA reported $1.27 earnings per share (EPS) for the quarter, significantly surpassing the consensus estimate of $0.99, with a revenue of $890 million.
• The company's recently announced quarterly dividend of $0.27 per share will be paid on September 12th, representing an annualized yield of 1.8%.

Capital Fund Management S.A. purchased a new stake in PHINIA Inc. (NYSE:PHIN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,100 shares of the company's stock, valued at approximately $938,000. Capital Fund Management S.A. owned approximately 0.06% of PHINIA as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CX Institutional acquired a new position in PHINIA in the first quarter valued at about $31,000. Brooklyn Investment Group boosted its position in 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 buying an additional 1,416 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in PHINIA in the fourth quarter valued at about $144,000. One Wealth Advisors LLC acquired a new position in shares of PHINIA during the first quarter worth approximately $210,000. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of PHINIA by 11.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,498 shares of the company's stock worth $233,000 after purchasing an additional 560 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors and hedge funds.

PHINIA Trading Down 0.8%

PHIN traded down $0.47 during mid-day trading on Monday, hitting $58.38. The stock had a trading volume of 356,661 shares, compared to its average volume of 392,023. The stock's fifty day simple moving average is $50.87 and its 200-day simple moving average is $46.06. 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 firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 0.52 and a beta of 1.53. PHINIA Inc. has a 1-year low of $36.25 and a 1-year high of $59.60.

PHINIA (NYSE:PHIN - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.28. PHINIA had a net margin of 3.22% and a return on equity of 10.74%. The company had revenue of $890.00 million for the quarter, compared to analyst estimates of $836.51 million. During the same period last year, the business posted $0.88 earnings per share. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. PHINIA has set its FY 2025 guidance at EPS. As a group, research analysts forecast that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, August 22nd. PHINIA's dividend payout ratio (DPR) is presently 41.70%.

Wall Street Analysts Forecast Growth

PHIN has been the topic of a number of research reports. Morgan Stanley upped their target price 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 $53.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, May 15th. UBS Group restated a "neutral" rating and issued a $55.00 price objective (up from $52.00) on shares of PHINIA in a report on Friday, July 25th. Finally, Wall Street Zen upgraded shares of PHINIA from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $53.17.

PHINIA 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.