Universal Beteiligungs und Servicegesellschaft mbH Has $2.29 Million Stake in PHINIA Inc. (NYSE:PHIN)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its position in PHINIA Inc. shares by 173.9% in the first quarter, owning 53,894 shares valued at approximately $2.29 million.
• PHINIA reported a quarterly EPS of $1.27, surpassing analysts' expectations of $0.99, and achieved a revenue of $890 million, which is up 2.5% year-over-year.
• The company announced a quarterly dividend of $0.27, resulting in an annualized dividend of $1.08 and a dividend yield of 2.11%.

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of PHINIA Inc. (NYSE:PHIN - Free Report) by 173.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 53,894 shares of the company's stock after purchasing an additional 34,221 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of PHINIA worth $2,287,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. CX Institutional acquired a new position in PHINIA in the 1st quarter valued at approximately $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in PHINIA in the 4th quarter valued at approximately $144,000. Optimize Financial Inc bought a new stake in shares of PHINIA in the 4th quarter valued at approximately $206,000. Oppenheimer Asset Management Inc. grew its stake in shares of PHINIA by 11.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,498 shares of the company's stock valued at $233,000 after purchasing an additional 560 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of PHINIA in the 1st quarter valued at approximately $243,000. Institutional investors and hedge funds own 90.94% of the company's stock.

Insider Buying and Selling

In related news, Director Meggan M. Walsh purchased 1,400 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were bought at an average price of $42.71 per share, with a total value of $59,794.00. Following the purchase, the director directly owned 7,492 shares in the company, valued at $319,983.32. This trade represents a 22.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.00% of the company's stock.

PHINIA Trading Down 2.4%

PHIN traded down $1.23 during mid-day trading on Friday, reaching $49.47. The stock had a trading volume of 483,443 shares, compared to its average volume of 450,040. The stock has a market capitalization of $1.92 billion, a P/E ratio of 19.10, a P/E/G ratio of 0.46 and a beta of 1.51. 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 firm's fifty day simple moving average is $46.00 and its two-hundred day simple moving average is $45.42. PHINIA Inc. has a 52 week low of $36.25 and a 52 week high of $57.23.

PHINIA (NYSE:PHIN - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.28. The firm had revenue of $890.00 million for the quarter, compared to analyst estimates of $836.51 million. PHINIA had a return on equity of 10.74% and a net margin of 3.22%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.88 EPS. On average, equities analysts predict that PHINIA Inc. will post 4.21 EPS for the current year.

PHINIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 22nd. PHINIA's dividend payout ratio (DPR) is presently 41.70%.

Analyst Upgrades and Downgrades

PHIN has been the topic of several analyst reports. UBS Group reiterated a "neutral" rating and issued a $55.00 price objective (up from $52.00) on shares of PHINIA in a research note on Friday, July 25th. BNP Paribas lowered PHINIA from an "outperform" rating to a "neutral" rating and set a $46.00 price objective on the stock. in a research note on Wednesday, April 23rd. Wall Street Zen upgraded PHINIA from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Bank of America increased their price target on PHINIA from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Morgan Stanley decreased their price target on PHINIA from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $52.83.

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.