Brandywine Global Investment Management LLC Purchases 6,167 Shares of PHINIA Inc. $PHIN

Key Points

• Brandywine Global Investment Management LLC increased its stake in PHINIA Inc. by 4.3%, now owning approximately 0.37% of the company, valued at $6.3 million.
• Analysts have mixed views on PHINIA, with target price adjustments ranging from $46.00 to $55.00 and a consensus rating of "Moderate Buy".
• PHINIA recently announced a quarterly dividend of $0.27 per share, translating to an annualized yield of 2.0%.

Brandywine Global Investment Management LLC boosted its holdings in shares of PHINIA Inc. (NYSE:PHIN - Free Report) by 4.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,879 shares of the company's stock after buying an additional 6,167 shares during the period. Brandywine Global Investment Management LLC owned about 0.37% of PHINIA worth $6,317,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CX Institutional acquired a new stake in PHINIA during the first quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PHINIA in the 4th quarter valued at $144,000. One Wealth Advisors LLC acquired a new stake in shares of PHINIA in the 1st quarter valued at $210,000. Oppenheimer Asset Management Inc. boosted its stake in shares of PHINIA by 11.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,498 shares of the company's stock valued at $233,000 after purchasing an additional 560 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of PHINIA in the 1st quarter valued at $243,000. Institutional investors and hedge funds own 90.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Bank of America boosted their target price on shares of PHINIA from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen upgraded shares of PHINIA from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Morgan Stanley boosted their target price on shares of PHINIA from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Finally, UBS Group restated 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. One research 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $53.17.

PHINIA Price Performance

NYSE PHIN traded up $2.0060 on Friday, hitting $58.3360. 548,309 shares of the company were exchanged, compared to its average volume of 432,628. The firm has a 50 day moving average of $49.24 and a two-hundred day moving average of $45.76. The company has a market cap of $2.27 billion, a P/E ratio of 22.52, a P/E/G ratio of 0.52 and a beta of 1.51. The company has a current ratio of 1.86, a quick ratio of 1.36 and a debt-to-equity ratio of 0.59. PHINIA Inc. has a 1-year low of $36.25 and a 1-year high of $58.41.

PHINIA (NYSE:PHIN - Get Free Report) last issued its quarterly earnings results 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 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 quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. PHINIA has set its FY 2025 guidance at EPS. On average, equities analysts predict that PHINIA Inc. will post 4.21 EPS for the current year.

PHINIA Dividend Announcement

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

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.