Y Intercept Hong Kong Ltd Boosts Stake in PHINIA Inc. $PHIN

Y Intercept Hong Kong Ltd raised its position in shares of PHINIA Inc. (NYSE:PHIN) by 1,419.9% in the second quarter, Holdings Channel.com reports. The fund owned 87,123 shares of the company’s stock after buying an additional 81,391 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in PHINIA were worth $3,876,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its position in PHINIA by 853.0% during the first quarter. Brooklyn Investment Group now owns 1,582 shares of the company’s stock valued at $67,000 after acquiring an additional 1,416 shares during the period. One Wealth Advisors LLC purchased a new stake in PHINIA during the first quarter valued at about $210,000. Advisors Asset Management Inc. purchased a new stake in PHINIA during the first quarter valued at about $220,000. Eisler Capital Management Ltd. purchased a new stake in PHINIA during the first quarter valued at about $223,000. Finally, Oppenheimer Asset Management Inc. grew its position in PHINIA by 11.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,498 shares of the company’s stock valued at $233,000 after acquiring an additional 560 shares during the period. Hedge funds and other institutional investors own 90.94% of the company’s stock.

PHINIA Trading Down 1.8%

NYSE:PHIN opened at $53.96 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.36 and a current ratio of 1.86. PHINIA Inc. has a one year low of $36.25 and a one year high of $59.88. The business’s 50-day simple moving average is $56.53 and its 200 day simple moving average is $49.41. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 0.53 and a beta of 1.48.

PHINIA (NYSE:PHIN) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.17 by $0.42. The business had revenue of $908.00 million for the quarter, compared to analysts’ expectations of $861.57 million. PHINIA had a return on equity of 10.74% and a net margin of 3.22%.The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 earnings per share. PHINIA has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that PHINIA Inc. will post 4.21 earnings per share for the current fiscal year.

PHINIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 22nd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 22nd. PHINIA’s payout ratio is currently 41.70%.

Analyst Ratings Changes

A number of research firms have issued reports on PHIN. Wall Street Zen raised PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Saturday, July 26th. UBS Group boosted their price target on PHINIA from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Bank of America boosted their price target on PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Citigroup reissued a “neutral” rating on shares of PHINIA in a research report on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of PHINIA in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.83.

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.