Sei Investments Co. Purchases 5,504 Shares of 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 position in PHINIA Inc. (NYSE:PHIN - Free Report) by 4.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,469 shares of the company's stock after acquiring an additional 5,504 shares during the period. Sei Investments Co. owned approximately 0.30% of PHINIA worth $5,501,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PHIN. Neuberger Berman Group LLC increased its stake in PHINIA by 14.0% in the first quarter. Neuberger Berman Group LLC now owns 5,831 shares of the company's stock valued at $247,000 after purchasing an additional 715 shares in the last quarter. Rock Creek Group LP acquired a new position in shares of PHINIA in the 1st quarter valued at $1,485,000. Public Sector Pension Investment Board increased its position in shares of PHINIA by 47.0% in the 1st quarter. Public Sector Pension Investment Board now owns 153,980 shares of the company's stock valued at $6,533,000 after buying an additional 49,242 shares in the last quarter. Nuveen LLC acquired a new stake in PHINIA during the 1st quarter worth $10,939,000. Finally, LSV Asset Management raised its stake in PHINIA by 20.7% during the 1st 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 during the period. Institutional investors and hedge funds own 90.94% of the company's stock.

PHINIA Stock Up 0.6%

PHINIA stock traded up $0.34 during mid-day trading on Wednesday, reaching $55.93. The company's stock had a trading volume of 380,318 shares, compared to its average volume of 470,551. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.36 and a current ratio of 1.86. PHINIA Inc. has a 12 month low of $36.25 and a 12 month high of $57.23. The business's 50 day simple moving average is $48.66 and its 200 day simple moving average is $45.69. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 0.49 and a beta of 1.51.

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, topping analysts' consensus estimates of $0.99 by $0.28. The company had revenue of $890.00 million during the quarter, compared to the consensus estimate of $836.51 million. PHINIA had a net margin of 3.22% and a return on equity of 10.74%. The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS. PHINIA has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that PHINIA Inc. will post 4.21 earnings per share for the current year.

PHINIA Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.08 annualized dividend and a dividend yield of 1.9%. PHINIA's payout ratio is 41.70%.

Insider Buying and Selling at PHINIA

In related news, Director Meggan M. Walsh acquired 1,400 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were bought at an average price of $42.71 per share, for a total transaction of $59,794.00. Following the purchase, the director directly owned 7,492 shares in the company, valued at approximately $319,983.32. This trade represents a 22.98% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group reissued a "neutral" rating and issued a $55.00 target price (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 for the company. in a research report on Wednesday, April 23rd. Wall Street Zen upgraded shares of PHINIA from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Bank of America lifted their price target on shares of PHINIA from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Morgan Stanley upped their price target on shares of PHINIA from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. One 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.