Fox Run Management L.L.C. Takes Position in PHINIA Inc. $PHIN

Key Points

• Fox Run Management L.L.C. has acquired 16,130 shares of PHINIA Inc., valued at approximately $684,000, as part of their investment strategy in the first quarter.
• A significant majority, about 90.94%, of PHINIA's stock is currently held by institutional investors, indicating strong institutional confidence in the company.
• PHINIA announced a quarterly dividend of $0.27 per share, reflecting a 2.0% dividend yield, with payment scheduled for September 12th to shareholders of record on August 22nd.

Fox Run Management L.L.C. bought a new position in PHINIA Inc. (NYSE:PHIN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,130 shares of the company's stock, valued at approximately $684,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Millennium Management LLC lifted its holdings in PHINIA by 28.3% in the fourth quarter. Millennium Management LLC now owns 2,424,949 shares of the company's stock valued at $116,810,000 after acquiring an additional 535,222 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of PHINIA by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,048,051 shares of the company's stock valued at $98,653,000 after purchasing an additional 253,345 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of PHINIA by 32.6% in the 4th quarter. First Trust Advisors LP now owns 1,866,894 shares of the company's stock valued at $89,928,000 after purchasing an additional 458,650 shares during the period. Voss Capital LP lifted its stake in shares of PHINIA by 31.8% in the 4th quarter. Voss Capital LP now owns 1,417,081 shares of the company's stock valued at $68,261,000 after purchasing an additional 342,081 shares during the period. Finally, LSV Asset Management boosted its holdings in PHINIA by 20.7% during the first quarter. LSV Asset Management now owns 1,004,591 shares of the company's stock worth $42,625,000 after buying an additional 172,355 shares in the last quarter. 90.94% of the stock is owned by institutional investors and hedge funds.

PHINIA Price Performance

Shares of NYSE PHIN traded up $0.3190 during midday trading on Thursday, hitting $56.3390. The stock had a trading volume of 275,049 shares, compared to its average volume of 509,616. 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 has a 50 day simple moving average of $48.66 and a 200-day simple moving average of $45.69. The company has a market capitalization of $2.19 billion, a PE ratio of 21.72, a P/E/G ratio of 0.49 and a beta of 1.51. PHINIA Inc. has a 1 year low of $36.25 and a 1 year high of $57.23.

PHINIA (NYSE:PHIN - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $0.99 by $0.28. PHINIA had a return on equity of 10.74% and a net margin of 3.22%.The firm had revenue of $890.00 million during the quarter, compared to the consensus estimate of $836.51 million. During the same period in the prior year, the company earned $0.88 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. PHINIA has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be issued a $0.27 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.08 dividend on an annualized basis and a yield of 1.9%. PHINIA's dividend payout ratio is presently 41.70%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of PHINIA from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. BNP Paribas lowered PHINIA from an "outperform" rating to a "neutral" rating and set a $46.00 price target for the company. in a research note on Wednesday, April 23rd. Bank of America upped 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. Wall Street Zen raised PHINIA from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Finally, UBS Group restated a "neutral" rating and issued a $55.00 price objective (up from $52.00) on shares of PHINIA in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently 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.