Empowered Funds LLC Cuts Holdings in PHINIA Inc. $PHIN

Empowered Funds LLC trimmed its position in PHINIA Inc. (NYSE:PHIN) by 25.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 182,424 shares of the company’s stock after selling 62,308 shares during the period. Empowered Funds LLC owned about 0.47% of PHINIA worth $8,116,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of PHINIA by 2.2% in the 2nd 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 last quarter. SummerHaven Investment Management LLC boosted its position in PHINIA by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 19,275 shares of the company’s stock worth $858,000 after purchasing an additional 340 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew 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 valued at $455,000 after purchasing an additional 453 shares during the period. Hancock Whitney Corp grew its stake in PHINIA by 0.9% in the 1st 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 period. Finally, Neuberger Berman Group LLC increased its position in shares of PHINIA by 14.0% during the 1st 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. Institutional investors own 90.94% of the company’s stock.

Insider Activity at PHINIA

In other news, VP Samantha Pombier sold 1,940 shares of PHINIA stock in a transaction on Friday, November 14th. The stock was sold at an average price of $54.14, for a total value of $105,031.60. Following the completion of the transaction, the vice president directly owned 8,869 shares in the company, valued at approximately $480,167.66. The trade was a 17.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

PHINIA Price Performance

Shares of NYSE:PHIN opened at $52.91 on Thursday. The firm has a market capitalization of $2.03 billion, a PE ratio of 23.83, a P/E/G ratio of 0.49 and a beta of 1.45. The company has a quick ratio of 1.25, a current ratio of 1.72 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $54.91 and a two-hundred day moving average price of $50.78. PHINIA Inc. has a twelve month low of $36.25 and a twelve month high of $59.88.

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

PHINIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, November 24th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, November 24th. This represents a $1.08 annualized dividend and a dividend yield of 2.0%. PHINIA’s dividend payout ratio is currently 48.65%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PHIN shares. Morgan Stanley boosted their price target on shares of PHINIA from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Citigroup reissued a “neutral” rating on shares of PHINIA in a research report on Tuesday, October 14th. BNP Paribas upgraded shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Zacks Research downgraded PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Two 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $56.43.

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.