Aperture Investors LLC Invests $823,000 in PHINIA Inc. $PHIN

Key Points

• Aperture Investors LLC has invested $823,000 in PHINIA Inc. by acquiring 19,404 shares of its stock during the first quarter.
• PHINIA reported a quarterly earnings per share of $1.27, exceeding the consensus estimate of $0.99, with revenues reaching $890 million.
• The company has declared a quarterly dividend of $0.27 per share, representing an annualized dividend yield of 1.8%.

Aperture Investors LLC acquired a new position in PHINIA Inc. (NYSE:PHIN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,404 shares of the company's stock, valued at approximately $823,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in shares of PHINIA by 8.2% in the first quarter. Janney Montgomery Scott LLC now owns 9,196 shares of the company's stock worth $390,000 after buying an additional 698 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of PHINIA by 0.6% in the first quarter. Principal Financial Group Inc. now owns 229,854 shares of the company's stock worth $9,753,000 after buying an additional 1,270 shares in the last quarter. 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 buying an additional 274 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of PHINIA by 33.8% in the first quarter. Victory Capital Management Inc. now owns 236,760 shares of the company's stock worth $10,046,000 after buying an additional 59,808 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of PHINIA in the first quarter worth $357,000. Hedge funds and other institutional investors own 90.94% of the company's stock.

PHINIA Stock Performance

PHINIA stock opened at $58.76 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.86 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $2.29 billion, a PE ratio of 22.69, a P/E/G ratio of 0.52 and a beta of 1.51. The firm has a fifty day simple moving average of $50.56 and a two-hundred day simple moving average of $46.04. PHINIA Inc. has a twelve month low of $36.25 and a twelve month high of $59.60.

PHINIA (NYSE:PHIN - Get Free Report) last posted its quarterly 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. The business had revenue of $890.00 million during the quarter, compared to the consensus estimate of $836.51 million. PHINIA had a net margin of 3.22% and a return on equity of 10.74%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. PHINIA has set its FY 2025 guidance at EPS. Research analysts expect that PHINIA Inc. will post 4.21 EPS for the current year.

PHINIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.08 annualized dividend and a yield of 1.8%. PHINIA's payout ratio is currently 41.70%.

Analyst Ratings Changes

PHIN has been the topic of a number of recent analyst reports. Bank of America increased their price objective 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 note on Saturday, July 26th. UBS Group reissued a "neutral" rating and issued a $55.00 target price (up previously from $52.00) on shares of PHINIA in a research note on Friday, July 25th. Finally, Morgan Stanley increased their target price on PHINIA from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, PHINIA has an average rating of "Moderate Buy" and a consensus price target 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.

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