Rhumbline Advisers Sells 8,610 Shares of PHINIA Inc. $PHIN

Key Points

• Rhumbline Advisers reduced its stake in PHINIA Inc. by 6.5%, owning 124,083 shares valued at $5.27 million after selling 8,610 shares in the first quarter.
• PHINIA reported $1.27 earnings per share (EPS) for the last quarter, beating analysts' expectations of $0.99, with revenue of $890 million, exceeding estimates of $836.51 million.
• The company announced a quarterly dividend of $0.27, representing a 1.9% yield based on an annualized dividend of $1.08.

Rhumbline Advisers reduced its holdings in shares of PHINIA Inc. (NYSE:PHIN - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 124,083 shares of the company's stock after selling 8,610 shares during the period. Rhumbline Advisers owned about 0.31% of PHINIA worth $5,265,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Voss Capital LP lifted its holdings in PHINIA by 45.9% during the 1st quarter. Voss Capital LP now owns 2,067,342 shares of the company's stock valued at $87,717,000 after purchasing an additional 650,261 shares during the last quarter. American Century Companies Inc. lifted its holdings in PHINIA by 7.5% during the 1st quarter. American Century Companies Inc. now owns 1,520,567 shares of the company's stock valued at $64,518,000 after purchasing an additional 106,412 shares during the last quarter. LSV Asset Management lifted its holdings in PHINIA by 20.7% during the 1st quarter. LSV Asset Management now owns 1,004,591 shares of the company's stock valued at $42,625,000 after purchasing an additional 172,355 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in PHINIA by 6.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company's stock valued at $41,462,000 after purchasing an additional 58,875 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in PHINIA by 1.1% during the 1st quarter. Bridgeway Capital Management LLC now owns 456,832 shares of the company's stock valued at $19,383,000 after purchasing an additional 4,911 shares during the last quarter. 90.94% of the stock is currently owned by institutional investors and hedge funds.

PHINIA Trading Up 0.2%

Shares of NYSE:PHIN traded up $0.12 during trading on Tuesday, hitting $57.61. 542,716 shares of the company's stock were exchanged, compared to its average volume of 501,168. PHINIA Inc. has a 1-year low of $36.25 and a 1-year high of $59.88. The firm has a 50-day moving average price of $53.70 and a two-hundred day moving average price of $46.60. The company has a current ratio of 1.86, a quick ratio of 1.36 and a debt-to-equity ratio of 0.59. The firm has a market cap of $2.24 billion, a P/E ratio of 22.24, a PEG 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 EPS for the quarter, topping the consensus estimate of $0.99 by $0.28. The company had revenue of $890.00 million during the quarter, compared to analysts' expectations of $836.51 million. PHINIA had a net margin of 3.22% and a return on equity of 10.74%. PHINIA's revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 EPS. PHINIA has set its FY 2025 guidance at EPS. Equities analysts predict 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 was paid on Friday, September 12th. Stockholders of record on Friday, August 22nd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 22nd. PHINIA's dividend payout ratio is 41.70%.

Analyst Ratings Changes

Several equities analysts recently issued reports on PHIN shares. Bank of America lifted their price target on shares of PHINIA from $60.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. UBS Group reaffirmed 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. Morgan Stanley boosted their target price on shares of PHINIA from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen raised shares of PHINIA from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. 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. Based on data from MarketBeat, PHINIA has a consensus rating of "Moderate Buy" and a consensus price target of $54.67.

PHINIA Company 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.