Fox Run Management L.L.C. Sells 5,727 Shares of PHINIA Inc. $PHIN

Fox Run Management L.L.C. lessened its stake in shares of PHINIA Inc. (NYSE:PHIN) by 35.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,403 shares of the company’s stock after selling 5,727 shares during the quarter. Fox Run Management L.L.C.’s holdings in PHINIA were worth $463,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in PHIN. Brooklyn Investment Group lifted 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 purchasing an additional 1,416 shares during the period. One Wealth Advisors LLC bought a new position in shares of PHINIA during the 1st quarter valued at $210,000. Advisors Asset Management Inc. purchased a new position in shares of PHINIA in the 1st quarter worth $220,000. Eisler Capital Management Ltd. bought a new stake in shares of PHINIA in the first quarter worth $223,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of PHINIA in the first quarter worth $243,000. 90.94% of the stock is owned by hedge funds and other institutional investors.

PHINIA Price Performance

Shares of NYSE:PHIN opened at $54.04 on Wednesday. The company has a market capitalization of $2.08 billion, a P/E ratio of 24.34, a P/E/G ratio of 0.51 and a beta of 1.45. PHINIA Inc. has a 1-year low of $36.25 and a 1-year high of $59.88. The firm’s 50 day simple moving average is $55.47 and its two-hundred day simple moving average is $50.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.72 and a quick ratio of 1.25.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.17 by $0.42. PHINIA had a net margin of 2.63% and a return on equity of 11.64%. The firm had revenue of $908.00 million for the quarter, compared to the consensus estimate of $861.57 million. During the same period last year, the firm earned $1.17 EPS. The company’s revenue was up 8.2% on a year-over-year basis. PHINIA has set its FY 2025 guidance at EPS. Research analysts expect that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PHIN. Bank of America increased their target price on PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. BNP Paribas Exane raised shares of PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 price objective on the stock in a report on Monday, November 3rd. Wall Street Zen upgraded shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Saturday, July 26th. Citigroup reiterated a “neutral” rating on shares of PHINIA in a research report on Tuesday, October 14th. Finally, UBS Group cut their price objective on shares of PHINIA from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, PHINIA has a consensus rating of “Moderate Buy” and an average target price of $56.43.

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.