Great Lakes Advisors LLC Has $6.89 Million Stock Position in PHINIA Inc. $PHIN

Key Points

• Great Lakes Advisors LLC has reduced its stake in PHINIA Inc. by 4.5%, owning 162,283 shares valued at approximately $6.89 million after selling 7,608 shares in the first quarter.
• PHINIA reported a quarterly earnings per share (EPS) of $1.27, exceeding analysts' estimates of $0.99, with revenues of $890 million for the quarter, surpassing expectations.
• The company has announced a quarterly dividend of $0.27 per share, scheduled for payment on September 12, with a dividend yield of 1.9% and a dividend payout ratio of 41.70%.

Great Lakes Advisors LLC cut its stake in PHINIA Inc. (NYSE:PHIN - Free Report) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,283 shares of the company's stock after selling 7,608 shares during the period. Great Lakes Advisors LLC owned 0.41% of PHINIA worth $6,886,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CX Institutional acquired a new stake in PHINIA in the first quarter valued at $31,000. Brooklyn Investment Group raised its holdings in shares of PHINIA by 853.0% during the first quarter. Brooklyn Investment Group now owns 1,582 shares of the company's stock worth $67,000 after purchasing an additional 1,416 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PHINIA during the fourth quarter worth $144,000. One Wealth Advisors LLC acquired a new stake in shares of PHINIA during the first quarter worth $210,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of PHINIA during the first quarter worth $220,000. 90.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PHIN has been the topic of a number of research reports. UBS Group reissued a "neutral" rating and set a $55.00 target price (up from $52.00) on shares of PHINIA in a report on Friday, July 25th. Morgan Stanley increased their target price on shares of PHINIA from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of PHINIA from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Finally, Bank of America increased their target price on shares of PHINIA from $60.00 to $64.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $54.67.

PHINIA Price Performance

Shares of NYSE:PHIN traded down $0.31 during trading hours on Monday, hitting $57.90. 128,600 shares of the company's stock traded hands, compared to its average volume of 498,622. PHINIA Inc. has a 52 week low of $36.25 and a 52 week high of $59.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.36 and a current ratio of 1.86. The company's fifty day simple moving average is $53.49 and its two-hundred day simple moving average is $46.55. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 0.52 and a beta of 1.53.

PHINIA (NYSE:PHIN - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.27 earnings per share for the quarter, beating 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 company had revenue of $890.00 million during the quarter, compared to analyst estimates of $836.51 million. During the same quarter last year, the firm posted $0.88 EPS. The business'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 anticipate 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 was paid on Friday, September 12th. Stockholders of record on Friday, August 22nd were given a dividend of $0.27 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.08 annualized dividend and a dividend yield of 1.9%. PHINIA's dividend payout ratio (DPR) 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.