Charles Schwab Investment Management Inc. Trims Stock Holdings in PHINIA Inc. $PHIN

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in PHINIA Inc. by 1.2%, selling 9,467 shares to hold approximately 753,570 shares valued at $31.97 million.
• PHINIA recently declared a $0.27 quarterly dividend, equating to an annualized yield of 1.9%, with the payment scheduled for September 12th.
• The company's latest earnings report indicated an EPS of $1.27, exceeding analyst expectations, with revenues totaling $890 million for the quarter.

Charles Schwab Investment Management Inc. reduced its stake in shares of PHINIA Inc. (NYSE:PHIN - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 753,570 shares of the company's stock after selling 9,467 shares during the period. Charles Schwab Investment Management Inc. owned 1.89% of PHINIA worth $31,974,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. CX Institutional bought a new position in PHINIA during the 1st quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PHINIA during the 4th quarter worth about $144,000. One Wealth Advisors LLC acquired a new stake in PHINIA during the 1st quarter worth about $210,000. Oppenheimer Asset Management Inc. grew its holdings in PHINIA by 11.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,498 shares of the company's stock worth $233,000 after acquiring an additional 560 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in PHINIA during the 1st quarter worth about $243,000. 90.94% of the stock is owned by institutional investors.

PHINIA Stock Up 3.6%

PHIN stock traded up $2.0060 during mid-day trading on Friday, reaching $58.3360. 548,309 shares of the company traded hands, compared to its average volume of 432,628. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 0.50 and a beta of 1.51. The company has a quick ratio of 1.36, a current ratio of 1.86 and a debt-to-equity ratio of 0.59. PHINIA Inc. has a fifty-two week low of $36.25 and a fifty-two week high of $58.41. The firm's 50 day moving average price is $49.24 and its 200 day moving average price is $45.79.

PHINIA (NYSE:PHIN - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $1.27 EPS 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 firm had revenue of $890.00 million for the quarter, compared to analysts' expectations of $836.51 million. During the same quarter last year, the firm earned $0.88 EPS. The company'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, equities research analysts predict that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Announces Dividend

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 issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 22nd. PHINIA's payout ratio is 41.70%.

Analyst Ratings Changes

PHIN has been the subject of a number of recent analyst reports. UBS Group reiterated a "neutral" rating and set a $55.00 price target (up from $52.00) on shares of PHINIA in a report on Friday, July 25th. Morgan Stanley increased their price target on PHINIA from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Bank of America increased 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, Wall Street Zen upgraded PHINIA from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.