Sanctuary Advisors LLC Sells 13,481 Shares of PHINIA Inc. $PHIN

Sanctuary Advisors LLC decreased its position in shares of PHINIA Inc. (NYSE:PHIN) by 45.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,313 shares of the company’s stock after selling 13,481 shares during the quarter. Sanctuary Advisors LLC’s holdings in PHINIA were worth $1,023,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PHIN. Vanguard Group Inc. lifted its position in PHINIA by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,510,133 shares of the company’s stock valued at $282,740,000 after acquiring an additional 44,599 shares in the last quarter. Fractal Investments LLC increased its holdings in shares of PHINIA by 12.9% in the 4th quarter. Fractal Investments LLC now owns 14,900 shares of the company’s stock worth $934,000 after purchasing an additional 1,700 shares in the last quarter. Old North State Wealth Management LLC raised its stake in shares of PHINIA by 2.5% in the fourth quarter. Old North State Wealth Management LLC now owns 10,253 shares of the company’s stock worth $643,000 after purchasing an additional 250 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of PHINIA by 26.8% in the fourth quarter. SG Americas Securities LLC now owns 17,717 shares of the company’s stock worth $1,111,000 after purchasing an additional 3,749 shares during the last quarter. Finally, CWA Asset Management Group LLC lifted its holdings in shares of PHINIA by 2.5% during the fourth quarter. CWA Asset Management Group LLC now owns 40,008 shares of the company’s stock valued at $2,508,000 after purchasing an additional 977 shares in the last quarter. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Neil Fryer sold 624 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $72.75, for a total value of $45,396.00. Following the transaction, the vice president directly owned 18,180 shares of the company’s stock, valued at approximately $1,322,595. The trade was a 3.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher Gustanski sold 3,812 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $72.73, for a total value of $277,246.76. Following the completion of the transaction, the vice president owned 14,871 shares of the company’s stock, valued at $1,081,567.83. The trade was a 20.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.20% of the stock is owned by insiders.

PHINIA Trading Up 2.5%

Shares of PHINIA stock opened at $76.10 on Wednesday. PHINIA Inc. has a 1-year low of $40.36 and a 1-year high of $81.11. The company’s fifty day simple moving average is $69.97 and its 200-day simple moving average is $64.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.82 and a quick ratio of 1.32. The stock has a market capitalization of $2.82 billion, a PE ratio of 21.26 and a beta of 1.16.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.13 by $0.16. The firm had revenue of $878.00 million for the quarter, compared to the consensus estimate of $838.67 million. PHINIA had a net margin of 3.96% and a return on equity of 13.23%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $0.94 EPS. As a group, equities analysts anticipate that PHINIA Inc. will post 6.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Freedom Capital cut PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Wall Street Zen raised PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday. UBS Group restated a “neutral” rating and set a $76.00 target price on shares of PHINIA in a research note on Friday, February 13th. Northland Securities set a $93.00 price target on shares of PHINIA in a report on Friday, February 13th. Finally, Zacks Research lowered shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, PHINIA presently has a consensus rating of “Hold” and a consensus price target of $68.80.

About PHINIA

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. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.