PHINIA Inc. $PHIN Holdings Lowered by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC trimmed its stake in shares of PHINIA Inc. (NYSE:PHIN) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,666 shares of the company’s stock after selling 431 shares during the period. Knights of Columbus Asset Advisors LLC owned about 0.12% of PHINIA worth $2,165,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Voss Capital LP lifted its holdings in shares of PHINIA by 45.9% during the first quarter. Voss Capital LP now owns 2,067,342 shares of the company’s stock valued at $87,717,000 after purchasing an additional 650,261 shares during the last quarter. American Century Companies Inc. lifted its stake in PHINIA by 7.5% in the 1st quarter. American Century Companies Inc. now owns 1,520,567 shares of the company’s stock worth $64,518,000 after acquiring an additional 106,412 shares in the last quarter. LSV Asset Management lifted its stake in PHINIA by 20.7% in the 1st quarter. LSV Asset Management now owns 1,004,591 shares of the company’s stock worth $42,625,000 after acquiring an additional 172,355 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in PHINIA by 6.4% in 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 in the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in PHINIA by 1.1% in the 1st quarter. Bridgeway Capital Management LLC now owns 456,832 shares of the company’s stock worth $19,383,000 after acquiring an additional 4,911 shares in the last quarter. 90.94% of the stock is owned by hedge funds and other institutional investors.

PHINIA Stock Down 2.2%

PHIN opened at $55.42 on Tuesday. PHINIA Inc. has a fifty-two week low of $36.25 and a fifty-two week high of $59.88. The business has a 50-day moving average of $56.31 and a 200-day moving average of $48.08. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.86 and a quick ratio of 1.36. The company has a market capitalization of $2.16 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 0.50 and a beta of 1.48.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $836.51 million. PHINIA had a return on equity of 10.74% and a net margin of 3.22%.The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. PHINIA has set its FY 2025 guidance at EPS. Equities research analysts forecast that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on PHIN. Morgan Stanley increased their price objective on PHINIA from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Bank of America increased their price objective on PHINIA from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Wall Street Zen raised PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. UBS Group increased their price objective on PHINIA from $55.00 to $62.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PHINIA in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.