Intech Investment Management LLC Decreases Position in PHINIA Inc. $PHIN

Intech Investment Management LLC cut its holdings in PHINIA Inc. (NYSE:PHIN) by 30.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,512 shares of the company’s stock after selling 7,366 shares during the period. Intech Investment Management LLC’s holdings in PHINIA were worth $735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PHIN. Envestnet Asset Management Inc. increased its holdings in shares of PHINIA by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 9,913 shares of the company’s stock worth $441,000 after buying an additional 212 shares during the period. SummerHaven Investment Management LLC grew its position in PHINIA by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 19,275 shares of the company’s stock worth $858,000 after acquiring an additional 340 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in PHINIA by 4.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,220 shares of the company’s stock worth $455,000 after purchasing an additional 453 shares during the period. Hancock Whitney Corp lifted its position in PHINIA by 0.9% in the first quarter. Hancock Whitney Corp now owns 60,096 shares of the company’s stock valued at $2,550,000 after purchasing an additional 549 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its position in PHINIA by 14.0% in the first quarter. Neuberger Berman Group LLC now owns 5,831 shares of the company’s stock valued at $247,000 after purchasing an additional 715 shares during the last quarter. 90.94% of the stock is owned by institutional investors.

PHINIA Trading Down 1.1%

NYSE:PHIN opened at $54.31 on Thursday. The company has a 50-day moving average price of $54.44 and a 200-day moving average price of $51.19. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 0.51 and a beta of 1.45. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. PHINIA Inc. has a 12 month low of $36.25 and a 12 month high of $59.88.

PHINIA (NYSE:PHIN) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.42. PHINIA had a net margin of 2.63% and a return on equity of 11.64%. The company had revenue of $908.00 million during the quarter, compared to the consensus estimate of $861.57 million. During the same period in the prior year, the firm earned $1.17 earnings per share. PHINIA’s revenue was up 8.2% on a year-over-year basis. PHINIA has set its FY 2025 guidance at EPS. Equities analysts predict that PHINIA Inc. will post 4.21 EPS for the current year.

PHINIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, November 24th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, November 24th. PHINIA’s dividend payout ratio (DPR) is presently 48.65%.

Analysts Set New Price Targets

PHIN has been the topic of several recent analyst reports. Citigroup restated a “neutral” rating on shares of PHINIA in a report on Tuesday, October 14th. Weiss Ratings reissued a “hold (c)” rating on shares of PHINIA in a research report on Tuesday. BNP Paribas Exane upgraded shares of PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 price objective on the stock in a research report on Monday, November 3rd. Zacks Research downgraded shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, UBS Group dropped their target price on shares of PHINIA from $62.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.43.

Insider Activity at PHINIA

In other PHINIA news, VP Hongyong Yang sold 893 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $52.43, for a total transaction of $46,819.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Samantha Pombier sold 1,940 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $54.14, for a total transaction of $105,031.60. Following the sale, the vice president owned 8,869 shares in the company, valued at approximately $480,167.66. This trade represents a 17.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.00% of the company’s stock.

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.