Strs Ohio Takes $759,000 Position in PHINIA Inc. $PHIN

Key Points

• Strs Ohio has acquired a new stake in PHINIA Inc., purchasing 17,900 shares valued at approximately $759,000 during the first quarter.
• PHINIA posted better-than-expected quarterly earnings, with an EPS of $1.27, surpassing analysts' estimates of $0.99, and reported a 2.5% year-over-year revenue increase.
• The company has announced a quarterly dividend of $0.27 per share, resulting in an annualized yield of 1.8%, with a dividend payout ratio of 41.70%.

Strs Ohio purchased a new stake in PHINIA Inc. (NYSE:PHIN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,900 shares of the company's stock, valued at approximately $759,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BNP Paribas Financial Markets bought a new position in PHINIA during the fourth quarter worth about $299,000. Deutsche Bank AG grew its holdings in PHINIA by 44.8% during the fourth quarter. Deutsche Bank AG now owns 38,402 shares of the company's stock worth $1,850,000 after purchasing an additional 11,883 shares during the period. Quantinno Capital Management LP grew its holdings in PHINIA by 3.0% during the fourth quarter. Quantinno Capital Management LP now owns 15,081 shares of the company's stock worth $726,000 after purchasing an additional 444 shares during the period. ProShare Advisors LLC grew its holdings in PHINIA by 39.1% during the fourth quarter. ProShare Advisors LLC now owns 12,605 shares of the company's stock worth $607,000 after purchasing an additional 3,540 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in PHINIA by 8.5% during the fourth quarter. Two Sigma Advisers LP now owns 12,800 shares of the company's stock worth $617,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 90.94% of the company's stock.

PHINIA Stock Down 0.9%

Shares of PHIN stock traded down $0.56 on Monday, reaching $57.97. 107,557 shares of the company were exchanged, compared to its average volume of 506,977. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 0.52 and a beta of 1.53. The company has a 50-day moving average of $54.55 and a 200-day moving average of $46.96. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.86 and a quick ratio of 1.36. PHINIA Inc. has a one year low of $36.25 and a one year high of $59.88.

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

PHINIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 22nd were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.08 annualized dividend and a yield of 1.9%. PHINIA's dividend payout ratio (DPR) is 41.70%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PHIN shares. Bank of America boosted their price objective on PHINIA from $60.00 to $64.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Morgan Stanley boosted their price objective on shares of PHINIA from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of PHINIA from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Finally, UBS Group reiterated a "neutral" rating and set a $55.00 price target (up from $52.00) on shares of PHINIA in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, PHINIA presently has a consensus rating of "Moderate Buy" and an average 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.