Vanguard Group Inc. Trims Stock Holdings in PHINIA Inc. $PHIN

Key Points

• Vanguard Group Inc. has reduced its stake in PHINIA Inc. by 3.5%, selling 174,510 shares, resulting in ownership of 4,806,511 shares valued at approximately $203.9 million.
• Several institutional investors have adjusted their positions in PHINIA, with Victory Capital Management Inc. increasing its holdings by 33.8% during the first quarter.
• PHINIA recently declared a quarterly dividend of $0.27 per share, with an annual yield of 1.9%, reflecting a payout ratio of 41.70%.

Vanguard Group Inc. lessened its holdings in shares of PHINIA Inc. (NYSE:PHIN - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,806,511 shares of the company's stock after selling 174,510 shares during the quarter. Vanguard Group Inc. owned approximately 12.08% of PHINIA worth $203,940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PHIN. CX Institutional acquired a new stake in PHINIA during the 1st quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PHINIA during the 4th quarter worth $144,000. One Wealth Advisors LLC acquired a new stake in PHINIA during the 1st quarter worth $210,000. Oppenheimer Asset Management Inc. boosted its stake in PHINIA by 11.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,498 shares of the company's stock worth $233,000 after purchasing an additional 560 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in PHINIA during the 1st quarter worth $243,000. Institutional investors and hedge funds own 90.94% of the company's stock.

Analysts Set New Price Targets

PHIN has been the topic of several recent research reports. Bank of America lifted their target price on shares of PHINIA from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised shares of PHINIA from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. UBS Group reissued a "neutral" rating and set a $55.00 price target (up previously from $52.00) on shares of PHINIA in a research report on Friday, July 25th. Finally, Morgan Stanley boosted their price target 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. One 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.17.

PHINIA Trading Up 1.6%

Shares of PHIN stock traded up $0.9170 on Monday, hitting $59.1770. 499,697 shares of the stock traded hands, compared to its average volume of 427,741. The stock has a market capitalization of $2.30 billion, a PE ratio of 22.85, a PEG ratio of 0.52 and a beta of 1.51. PHINIA Inc. has a twelve month low of $36.25 and a twelve month high of $59.40. The firm's 50-day moving average price is $49.57 and its two-hundred day moving average price is $45.79. 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 (NYSE:PHIN - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.28. The firm 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%. PHINIA's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. PHINIA has set its FY 2025 guidance at EPS. As a group, analysts anticipate that PHINIA Inc. will post 4.21 EPS for the current year.

PHINIA Dividend Announcement

The business 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 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, August 22nd. PHINIA's payout ratio is 41.70%.

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.