AdvisorShares Investments LLC Buys 1,123 Shares of PHINIA Inc. $PHIN

AdvisorShares Investments LLC increased its stake in shares of PHINIA Inc. (NYSE:PHIN) by 11.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 10,573 shares of the company’s stock after purchasing an additional 1,123 shares during the quarter. AdvisorShares Investments LLC’s holdings in PHINIA were worth $470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group lifted its holdings in PHINIA by 853.0% in the 1st quarter. Brooklyn Investment Group now owns 1,582 shares of the company’s stock worth $67,000 after buying an additional 1,416 shares during the period. One Wealth Advisors LLC purchased a new stake in PHINIA in the 1st quarter worth approximately $210,000. Advisors Asset Management Inc. purchased a new stake in PHINIA in the 1st quarter worth approximately $220,000. Eisler Capital Management Ltd. purchased a new stake in PHINIA in the 1st quarter worth approximately $223,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in PHINIA in the 1st quarter worth approximately $243,000. Hedge funds and other institutional investors own 90.94% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PHIN. Wall Street Zen upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. Weiss Ratings restated a “hold (c+)” rating on shares of PHINIA in a research note on Wednesday, October 8th. UBS Group lowered their target price on PHINIA from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday. Zacks Research cut PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Bank of America raised their target price on PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, PHINIA currently has a consensus rating of “Moderate Buy” and an average price target of $55.33.

PHINIA Stock Down 0.3%

Shares of NYSE:PHIN opened at $51.87 on Friday. The stock has a fifty day simple moving average of $56.37 and a two-hundred day simple moving average of $49.52. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 0.49 and a beta of 1.48. PHINIA Inc. has a 12-month low of $36.25 and a 12-month high of $59.88. The company has a current ratio of 1.72, a quick ratio of 1.36 and a debt-to-equity ratio of 0.61.

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

PHINIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors 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 yield of 2.1%. PHINIA’s payout ratio is 48.65%.

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.