Empowered Funds LLC Sells 62,308 Shares of PHINIA Inc. $PHIN

Empowered Funds LLC lowered its position in shares of PHINIA Inc. (NYSE:PHIN) by 25.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,424 shares of the company’s stock after selling 62,308 shares during the period. Empowered Funds LLC’s holdings in PHINIA were worth $8,116,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PHIN. ABS Direct Equity Fund LLC grew its position in shares of PHINIA by 16.7% during the 2nd quarter. ABS Direct Equity Fund LLC now owns 70,000 shares of the company’s stock valued at $3,114,000 after purchasing an additional 10,000 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of PHINIA in the second quarter worth $581,000. State of Alaska Department of Revenue boosted its stake in PHINIA by 4.9% during the second quarter. State of Alaska Department of Revenue now owns 23,723 shares of the company’s stock valued at $1,055,000 after buying an additional 1,108 shares during the period. First Citizens Bank & Trust Co. purchased a new position in PHINIA during the second quarter worth about $592,000. Finally, Victory Capital Management Inc. increased its stake in PHINIA by 33.8% in the 1st quarter. Victory Capital Management Inc. now owns 236,760 shares of the company’s stock worth $10,046,000 after acquiring an additional 59,808 shares during the last quarter. Institutional investors own 90.94% of the company’s stock.

Insider Transactions at PHINIA

In other PHINIA news, VP Samantha Pombier sold 1,940 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $54.14, for a total transaction of $105,031.60. Following the completion of the sale, the vice president directly owned 8,869 shares in the company, valued at $480,167.66. This represents a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

PHINIA Stock Up 0.7%

Shares of PHIN opened at $52.91 on Thursday. PHINIA Inc. has a 1 year low of $36.25 and a 1 year high of $59.88. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.72 and a quick ratio of 1.25. The stock has a 50 day simple moving average of $54.91 and a two-hundred day simple moving average of $50.78. The firm has a market cap of $2.03 billion, a P/E ratio of 23.83, a P/E/G ratio of 0.49 and a beta of 1.45.

PHINIA (NYSE:PHIN) last posted 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. 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 posted $1.17 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. PHINIA has set its FY 2025 guidance at EPS. On average, analysts forecast that PHINIA Inc. will post 4.21 earnings per share for the current fiscal year.

PHINIA Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Saturday, July 26th. Bank of America raised their target price on shares of PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a research note 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 target for the company in a research note on Monday, November 3rd. Citigroup reissued a “neutral” rating on shares of PHINIA in a report on Tuesday, October 14th. Finally, BNP Paribas raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.