Sei Investments Co. Increases Holdings in PHINIA Inc. $PHIN

Key Points

• Sei Investments Co. increased its stake in PHINIA Inc. by 4.9% in Q1, now owning approximately $5.5 million worth of shares.
• PHINIA recently reported earnings of $1.27 EPS, exceeding analyst expectations and showing a 2.5% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.27 per share, with a payout ratio of 41.70%, set to be paid on September 12th.

Sei Investments Co. lifted its stake in shares of PHINIA Inc. (NYSE:PHIN - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,469 shares of the company's stock after acquiring an additional 5,504 shares during the quarter. Sei Investments Co. owned about 0.30% of PHINIA worth $5,501,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its position in shares of PHINIA by 6.8% during the 4th quarter. Wells Fargo & Company MN now owns 47,583 shares of the company's stock worth $2,292,000 after buying an additional 3,024 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of PHINIA by 5.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,870 shares of the company's stock valued at $331,000 after purchasing an additional 373 shares in the last quarter. Sterling Capital Management LLC raised its holdings in PHINIA by 11.4% during the fourth quarter. Sterling Capital Management LLC now owns 11,408 shares of the company's stock worth $550,000 after acquiring an additional 1,171 shares in the last quarter. Barclays PLC grew its position in shares of PHINIA by 14.7% in the 4th quarter. Barclays PLC now owns 83,529 shares of the company's stock valued at $4,023,000 after acquiring an additional 10,724 shares during the period. Finally, Mariner LLC raised its stake in PHINIA by 1.3% in the fourth quarter. Mariner LLC now owns 19,739 shares of the company's stock valued at $951,000 after buying an additional 245 shares during the period. Institutional investors and hedge funds own 90.94% of the company's stock.

PHINIA Price Performance

Shares of PHINIA stock traded up $0.2450 during trading on Tuesday, hitting $55.2750. The stock had a trading volume of 292,446 shares, compared to its average volume of 510,654. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 0.49 and a beta of 1.51. PHINIA Inc. has a 12 month low of $36.25 and a 12 month high of $57.23. The business's 50-day moving average is $48.19 and its 200 day moving average is $45.55. The company has a current ratio of 1.86, a quick ratio of 1.36 and a debt-to-equity ratio of 0.59.

PHINIA (NYSE:PHIN - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.28. The business had revenue of $890.00 million for the quarter, compared to analysts' expectations of $836.51 million. PHINIA had a return on equity of 10.74% and a net margin of 3.22%.The firm's revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. PHINIA has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that PHINIA Inc. will post 4.21 earnings per share for the current year.

PHINIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, August 22nd. PHINIA's payout ratio is presently 41.70%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PHIN. UBS Group reiterated a "neutral" rating and set a $55.00 target price (up previously from $52.00) on shares of PHINIA in a research note on Friday, July 25th. BNP Paribas downgraded PHINIA from an "outperform" rating to a "neutral" rating and set a $46.00 target price on the stock. in a report on Wednesday, April 23rd. Morgan Stanley raised 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. Wall Street Zen raised PHINIA from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, Bank of America raised their target price on PHINIA from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $53.17.

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.