PHINIA Inc. $PHIN Stake Raised by Voss Capital LP

Key Points

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Voss Capital LP raised its holdings in PHINIA Inc. (NYSE:PHIN - Free Report) by 45.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,067,342 shares of the company's stock after purchasing an additional 650,261 shares during the period. PHINIA comprises 6.7% of Voss Capital LP's holdings, making the stock its 5th largest position. Voss Capital LP owned about 5.19% of PHINIA worth $87,717,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CX Institutional acquired a new stake in PHINIA in the first quarter valued at approximately $31,000. Brooklyn Investment Group grew its holdings in PHINIA by 853.0% in the first 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. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PHINIA in the fourth quarter valued at approximately $144,000. One Wealth Advisors LLC acquired a new stake in shares of PHINIA in the first quarter worth approximately $210,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of PHINIA by 11.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,498 shares of the company's stock worth $233,000 after purchasing an additional 560 shares in the last quarter. 90.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PHIN shares. Morgan Stanley boosted their price target on PHINIA from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Bank of America boosted their price target on PHINIA from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. UBS Group reiterated a "neutral" rating and set a $55.00 price target (up from $52.00) on shares of PHINIA in a research report on Friday, July 25th. Finally, Wall Street Zen upgraded PHINIA from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $53.17.

PHINIA Trading Up 3.6%

NYSE PHIN traded up $2.0060 on Friday, reaching $58.3360. 548,309 shares of the company were exchanged, compared to its average volume of 427,741. The business's fifty day moving average price is $49.24 and its 200 day moving average price is $45.72. The stock has a market capitalization of $2.27 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. The company has a current ratio of 1.86, a quick ratio of 1.36 and a debt-to-equity ratio of 0.59. PHINIA Inc. has a fifty-two week low of $36.25 and a fifty-two week high of $58.41.

PHINIA (NYSE:PHIN - Get Free Report) last released its quarterly earnings data 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 return on equity of 10.74% and a net margin of 3.22%.The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. PHINIA has set its FY 2025 guidance at EPS. Analysts forecast that PHINIA Inc. will post 4.21 earnings per share for the current year.

PHINIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.08 dividend on an annualized basis and a yield of 1.9%. PHINIA's payout ratio is 41.70%.

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.