Charles Schwab Investment Management Inc. Grows Stock Holdings in PHINIA Inc. (NYSE:PHIN)

Charles Schwab Investment Management Inc. increased its holdings in shares of PHINIA Inc. (NYSE:PHINFree Report) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 337,218 shares of the company’s stock after purchasing an additional 14,289 shares during the period. Charles Schwab Investment Management Inc.’s holdings in PHINIA were worth $10,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PHIN. Principal Financial Group Inc. purchased a new position in PHINIA during the third quarter valued at approximately $6,693,000. Victory Capital Management Inc. acquired a new position in shares of PHINIA in the 3rd quarter valued at $223,000. Illinois Municipal Retirement Fund acquired a new position in shares of PHINIA in the 3rd quarter valued at $724,000. Arizona State Retirement System purchased a new stake in PHINIA during the third quarter worth $359,000. Finally, Jump Financial LLC acquired a new stake in PHINIA during the third quarter valued at $231,000. 90.94% of the stock is currently owned by institutional investors and hedge funds.

PHINIA Price Performance

PHINIA stock opened at $44.75 on Friday. PHINIA Inc. has a 12 month low of $23.46 and a 12 month high of $46.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.27 and a current ratio of 1.71. The business has a 50 day simple moving average of $40.64 and a 200-day simple moving average of $33.87.

PHINIA (NYSE:PHINGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.74 by $0.34. The company had revenue of $863.00 million during the quarter, compared to analyst estimates of $800.00 million. PHINIA had a net margin of 3.06% and a return on equity of 7.52%. The company’s revenue was up 3.4% on a year-over-year basis. Analysts anticipate that PHINIA Inc. will post 4.05 EPS for the current year.

PHINIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Thursday, May 23rd.

Wall Street Analyst Weigh In

Separately, Morgan Stanley assumed coverage on shares of PHINIA in a research report on Monday, March 11th. They issued an “overweight” rating and a $50.00 price objective for the company.

Read Our Latest Report on PHIN

PHINIA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PHINIA (NYSE:PHIN)

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