Villanova Investment Management Co LLC Sells 25,934 Shares of PHINIA Inc. $PHIN

Villanova Investment Management Co LLC lowered its position in shares of PHINIA Inc. (NYSE:PHIN) by 65.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,613 shares of the company’s stock after selling 25,934 shares during the period. PHINIA comprises about 1.6% of Villanova Investment Management Co LLC’s portfolio, making the stock its 27th biggest position. Villanova Investment Management Co LLC’s holdings in PHINIA were worth $578,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC boosted its stake in shares of PHINIA by 94.1% during the first quarter. Jane Street Group LLC now owns 250,278 shares of the company’s stock valued at $10,619,000 after purchasing an additional 121,312 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in PHINIA by 7.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,270 shares of the company’s stock valued at $4,000,000 after buying an additional 6,478 shares during the last quarter. Woodline Partners LP acquired a new stake in PHINIA during the 1st quarter worth approximately $4,789,000. Empowered Funds LLC boosted its position in PHINIA by 2.0% during the 1st quarter. Empowered Funds LLC now owns 244,732 shares of the company’s stock worth $10,384,000 after buying an additional 4,911 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in PHINIA by 6.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock worth $41,462,000 after acquiring an additional 58,875 shares during the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PHIN shares. Wall Street Zen raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. UBS Group reaffirmed a “neutral” rating and set a $55.00 target price (up from $52.00) on shares of PHINIA in a research report on Friday, July 25th. Morgan Stanley upped their price target on PHINIA from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Finally, Bank of America increased their price target on PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, PHINIA currently has an average rating of “Moderate Buy” and an average target price of $54.67.

PHINIA Stock Up 0.3%

PHINIA stock opened at $58.05 on Thursday. The company has a market capitalization of $2.26 billion, a PE ratio of 22.41, a PEG ratio of 0.51 and a beta of 1.53. PHINIA Inc. has a 12-month low of $36.25 and a 12-month high of $59.60. The firm’s fifty day moving average is $53.03 and its 200 day moving average is $46.47. The company has a quick ratio of 1.36, a current ratio of 1.86 and a debt-to-equity ratio of 0.59.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.28. PHINIA had a net margin of 3.22% and a return on equity of 10.74%. The firm had revenue of $890.00 million during the quarter, compared to the consensus estimate of $836.51 million. During the same period in the previous year, the firm posted $0.88 earnings per share. The business’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, sell-side analysts predict that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, August 22nd. PHINIA’s payout ratio is presently 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.