PHINIA Inc. $PHIN Shares Sold by Charles Schwab Investment Management Inc.

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 position in PHINIA Inc. (NYSE:PHIN - Free Report) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 753,570 shares of the company's stock after selling 9,467 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.89% of PHINIA worth $31,974,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PHIN. Millennium Management LLC grew its stake in 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 in the last quarter. Pacer Advisors Inc. bought a new position in PHINIA in the 1st quarter worth about $14,880,000. Dimensional Fund Advisors LP grew its stake in PHINIA by 14.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,048,051 shares of the company's stock worth $98,653,000 after acquiring an additional 253,345 shares in the last quarter. LSV Asset Management grew its stake in PHINIA by 20.7% in the 1st quarter. LSV Asset Management now owns 1,004,591 shares of the company's stock worth $42,625,000 after acquiring an additional 172,355 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in PHINIA by 426.0% in the 4th quarter. Jane Street Group LLC now owns 128,966 shares of the company's stock worth $6,212,000 after acquiring an additional 104,450 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PHIN has been the topic of a number of research analyst reports. Bank of America upped their target price on shares of PHINIA from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. UBS Group restated a "neutral" rating and issued a $55.00 target price (up from $52.00) on shares of PHINIA in a research note on Friday, July 25th. Wall Street Zen upgraded shares of PHINIA from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Finally, 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 note on Tuesday, August 12th. One equities 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.17.

PHINIA Stock Up 1.6%

Shares of NYSE PHIN traded up $0.9170 during midday trading on Monday, reaching $59.1770. 499,697 shares of the company's stock traded hands, compared to its average volume of 427,741. 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 stock's 50 day simple moving average is $49.57 and its 200-day simple moving average is $45.79. PHINIA Inc. has a one year low of $36.25 and a one year high of $59.40. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 0.52 and a beta of 1.51.

PHINIA (NYSE:PHIN - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $836.51 million. During the same period last year, the firm earned $0.88 earnings per share. The company's quarterly revenue was up 2.5% on a year-over-year basis. PHINIA has set its FY 2025 guidance at EPS. On average, analysts predict that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Announces Dividend

The company also recently announced 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. This represents a $1.08 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, August 22nd. PHINIA's dividend payout ratio (DPR) is 41.70%.

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.