AlphaQuest LLC Grows Position in PHINIA Inc. $PHIN

Key Points

• AlphaQuest LLC increased its holdings in PHINIA Inc. by 322.5% in Q1, acquiring an additional 11,557 shares worth $642,000.
• PHINIA reported earnings of $1.27 per share for the last quarter, surpassing analyst estimates and showing a 2.5% revenue growth year-over-year.
• The company announced a quarterly dividend of $0.27 per share, indicating a dividend yield of 1.8% for investors.

AlphaQuest LLC boosted its holdings in PHINIA Inc. (NYSE:PHIN - Free Report) by 322.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,141 shares of the company's stock after purchasing an additional 11,557 shares during the quarter. AlphaQuest LLC's holdings in PHINIA were worth $642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in PHINIA by 8.2% in the first quarter. Janney Montgomery Scott LLC now owns 9,196 shares of the company's stock valued at $390,000 after purchasing an additional 698 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in PHINIA by 0.6% in the first quarter. Principal Financial Group Inc. now owns 229,854 shares of the company's stock valued at $9,753,000 after purchasing an additional 1,270 shares in the last quarter. Barclays PLC boosted its holdings in shares of PHINIA by 14.7% in the fourth 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. Nisa Investment Advisors LLC boosted its holdings in shares of PHINIA by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 17,080 shares of the company's stock valued at $725,000 after acquiring an additional 274 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of PHINIA by 33.8% in the first quarter. Victory Capital Management Inc. now owns 236,760 shares of the company's stock valued at $10,046,000 after acquiring an additional 59,808 shares during the period. 90.94% of the stock is owned by institutional investors and hedge funds.

PHINIA Stock Performance

Shares of NYSE PHIN traded down $0.47 during mid-day trading on Friday, hitting $58.38. 356,661 shares of the company were exchanged, compared to its average volume of 392,023. 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 $50.87 and a 200-day simple moving average of $46.06. PHINIA Inc. has a 1-year low of $36.25 and a 1-year high of $59.60. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 0.52 and a beta of 1.53.

PHINIA (NYSE:PHIN - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $1.27 earnings per share for the quarter, topping 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 last year, the company earned $0.88 earnings per share. The company's revenue for the quarter was up 2.5% on a year-over-year basis. PHINIA has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be issued 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 1.8%. PHINIA's dividend payout ratio (DPR) is currently 41.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PHIN shares. UBS Group reissued a "neutral" rating and issued a $55.00 price objective (up from $52.00) on shares of PHINIA in a report on Friday, July 25th. Wall Street Zen raised PHINIA from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Morgan Stanley increased their price objective on PHINIA from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Finally, Bank of America increased their price objective on PHINIA from $53.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus 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.