Eisler Capital Management Ltd. Purchases New Position in PHINIA Inc. $PHIN

Key Points

• Eisler Capital Management Ltd. has acquired a new stake in PHINIA Inc., purchasing 5,238 shares valued at approximately $223,000 during the first quarter.
• PHINIA reported earnings of $1.27 EPS for the quarter, exceeding estimates of $0.99, with a revenue of $890 million, up 2.5% from the same quarter last year.
• The company announced a quarterly dividend of $0.27 per share, resulting in an annualized yield of 1.8%, with a payout ratio of 41.70%.

Eisler Capital Management Ltd. bought a new position in PHINIA Inc. (NYSE:PHIN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,238 shares of the company's stock, valued at approximately $223,000.

Several other hedge funds have also recently modified their holdings of the business. Millennium Management LLC boosted its position in shares of PHINIA by 28.3% during the fourth quarter. Millennium Management LLC now owns 2,424,949 shares of the company's stock valued at $116,810,000 after buying an additional 535,222 shares during the last quarter. Voss Capital LP boosted its position in shares of PHINIA by 45.9% during the first quarter. Voss Capital LP now owns 2,067,342 shares of the company's stock valued at $87,717,000 after buying an additional 650,261 shares during the last quarter. American Century Companies Inc. boosted its position in shares of PHINIA by 7.5% during the first quarter. American Century Companies Inc. now owns 1,520,567 shares of the company's stock valued at $64,518,000 after buying an additional 106,412 shares during the last quarter. LSV Asset Management boosted its position in shares of PHINIA by 20.7% during the first quarter. LSV Asset Management now owns 1,004,591 shares of the company's stock valued at $42,625,000 after buying an additional 172,355 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of PHINIA by 10.9% during the fourth quarter. Northern Trust Corp now owns 496,063 shares of the company's stock valued at $23,895,000 after buying an additional 48,571 shares during the last quarter. Hedge funds and other institutional investors own 90.94% of the company's stock.

PHINIA Price Performance

Shares of NYSE:PHIN traded down $0.47 during trading on Friday, hitting $58.38. 356,661 shares of the company's stock were exchanged, compared to its average volume of 392,023. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.86 and a quick ratio of 1.36. PHINIA Inc. has a 52-week low of $36.25 and a 52-week high of $59.60. The business's 50-day simple moving average is $50.87 and its 200 day simple moving average is $46.06. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 0.52 and a beta of 1.53.

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 analysts' consensus estimates of $0.99 by $0.28. PHINIA had a return on equity of 10.74% and a net margin of 3.22%.The company had revenue of $890.00 million for the quarter, compared to the consensus estimate of $836.51 million. During the same period in the previous year, the business earned $0.88 earnings per share. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. PHINIA has set its FY 2025 guidance at EPS. As a group, equities analysts predict that PHINIA Inc. will post 4.21 EPS for the current 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 given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, August 22nd. PHINIA's dividend payout ratio (DPR) is 41.70%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen raised PHINIA from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Bank of America increased their price objective on PHINIA from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. UBS Group reiterated a "neutral" rating and set a $55.00 price objective (up previously from $52.00) on shares of PHINIA in a research report 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 report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, PHINIA has a consensus rating of "Moderate Buy" and an average 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.