American Century Companies Inc. Buys 106,412 Shares of PHINIA Inc. $PHIN

Key Points

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American Century Companies Inc. raised its position in shares of PHINIA Inc. (NYSE:PHIN - Free Report) by 7.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,520,567 shares of the company's stock after purchasing an additional 106,412 shares during the quarter. American Century Companies Inc. owned about 3.82% of PHINIA worth $64,518,000 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. Millennium Management LLC grew its holdings in shares of PHINIA by 28.3% in the 4th quarter. Millennium Management LLC now owns 2,424,949 shares of the company's stock worth $116,810,000 after acquiring an additional 535,222 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of PHINIA by 32.6% in the 4th quarter. First Trust Advisors LP now owns 1,866,894 shares of the company's stock worth $89,928,000 after acquiring an additional 458,650 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of PHINIA in the 1st quarter worth $14,880,000. Voss Capital LP grew its holdings in shares of PHINIA by 31.8% in the 4th quarter. Voss Capital LP now owns 1,417,081 shares of the company's stock worth $68,261,000 after acquiring an additional 342,081 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of PHINIA in the 1st quarter worth $10,939,000. 90.94% of the stock is owned by institutional investors.

PHINIA Stock Up 3.6%

Shares of NYSE:PHIN traded up $2.0060 during midday trading on Friday, hitting $58.3360. 548,309 shares of the stock were exchanged, compared to its average volume of 427,741. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.36 and a current ratio of 1.86. PHINIA Inc. has a 52-week low of $36.25 and a 52-week high of $58.41. The business's fifty day simple moving average is $49.24 and its two-hundred day simple moving average is $45.72. The company has a market capitalization of $2.27 billion, a PE ratio of 22.52, a P/E/G ratio of 0.52 and a beta of 1.51.

PHINIA (NYSE:PHIN - Get Free Report) last announced 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. PHINIA had a return on equity of 10.74% and a net margin of 3.22%.The business had revenue of $890.00 million during the quarter, compared to analyst estimates of $836.51 million. During the same period last year, the company earned $0.88 earnings per share. PHINIA's quarterly revenue 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 predict that PHINIA Inc. will post 4.21 earnings per share for the current fiscal year.

PHINIA Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group reaffirmed a "neutral" rating and issued a $55.00 target price (up previously from $52.00) on shares of PHINIA in a research report on Friday, July 25th. Bank of America raised their target price on PHINIA from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen raised PHINIA from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, Morgan Stanley raised their target price on PHINIA from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $53.17.

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.