Vest Financial LLC Lowers Position in PHINIA Inc. $PHIN

Key Points

• Vest Financial LLC reduced its stake in PHINIA Inc. by 17.4%, now holding approximately 41,119 shares valued at around $1.83 million, according to a recent SEC filing.
• PHINIA reported a net revenue of $890 million for the quarter, exceeding estimates and marking a 2.5% increase from the previous year, with an EPS of $1.27.
• The company recently announced a quarterly dividend of $0.27, which reflects an annualized yield of 2.0% and a payout ratio of 41.70%.

Vest Financial LLC reduced its stake in PHINIA Inc. (NYSE:PHIN - Free Report) by 17.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,119 shares of the company's stock after selling 8,646 shares during the quarter. Vest Financial LLC owned approximately 0.10% of PHINIA worth $1,829,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CX Institutional bought a new position in PHINIA in the 1st quarter valued at $31,000. Brooklyn Investment Group grew its stake in PHINIA by 853.0% in the 1st quarter. Brooklyn Investment Group now owns 1,582 shares of the company's stock valued at $67,000 after purchasing an additional 1,416 shares during the period. One Wealth Advisors LLC bought a new position in PHINIA in the 1st quarter valued at $210,000. Advisors Asset Management Inc. bought a new position in PHINIA in the 1st quarter valued at $220,000. Finally, Eisler Capital Management Ltd. bought a new position in PHINIA in the 1st quarter valued at $223,000. Institutional investors own 90.94% of the company's stock.

PHINIA Stock Up 2.5%

PHIN stock opened at $52.75 on Wednesday. PHINIA Inc. has a fifty-two week low of $36.25 and a fifty-two week high of $59.88. The stock has a fifty day moving average of $56.53 and a 200-day moving average of $48.39. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.36 and a current ratio of 1.86. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 0.46 and a beta of 1.48.

PHINIA (NYSE:PHIN - Get Free Report) last issued its 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. PHINIA had a return on equity of 10.74% and a net margin of 3.22%.The business had revenue of $890.00 million during the quarter, compared to the consensus estimate of $836.51 million. During the same quarter last year, the company earned $0.88 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. PHINIA has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that PHINIA Inc. will post 4.21 earnings per share for the current year.

PHINIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 22nd were paid a $0.27 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.08 annualized dividend and a yield of 2.0%. PHINIA's dividend payout ratio (DPR) is currently 41.70%.

Analyst Ratings Changes

PHIN has been the subject of a number of recent analyst reports. Citigroup restated a "neutral" rating on shares of PHINIA in a research note on Tuesday. Morgan Stanley upped their price objective on PHINIA from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded PHINIA from a "hold" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Weiss Ratings reiterated a "hold (c+)" rating on shares of PHINIA in a research note on Wednesday, October 8th. Finally, Bank of America increased their price target on PHINIA from $60.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $55.83.

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.

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