Western Wealth Management LLC Takes Position in PHINIA Inc. $PHIN

Western Wealth Management LLC purchased a new position in shares of PHINIA Inc. (NYSE:PHIN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,525 shares of the company’s stock, valued at approximately $447,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in PHINIA by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 4,510,133 shares of the company’s stock valued at $282,740,000 after purchasing an additional 44,599 shares during the period. Lodge Hill Capital LLC increased its position in PHINIA by 450.8% during the 1st quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock worth $162,966,000 after purchasing an additional 1,948,820 shares during the period. Dimensional Fund Advisors LP increased its position in PHINIA by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,336,499 shares of the company’s stock worth $159,901,000 after purchasing an additional 34,503 shares during the period. Voss Capital LP raised its stake in shares of PHINIA by 2.8% during the 4th quarter. Voss Capital LP now owns 1,727,468 shares of the company’s stock worth $108,295,000 after buying an additional 47,468 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of PHINIA by 6.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock worth $41,462,000 after buying an additional 58,875 shares in the last quarter. 90.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on PHIN shares. Weiss Ratings raised PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. UBS Group dropped their price objective on PHINIA from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday. Wall Street Zen cut PHINIA from a “strong-buy” rating to a “buy” rating in a research report on Saturday. KeyCorp assumed coverage on PHINIA in a report on Friday, June 12th. They issued an “overweight” rating and a $105.00 target price for the company. Finally, Northland Securities set a $98.00 target price on shares of PHINIA in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.33.

PHINIA Trading Up 6.3%

Shares of PHIN opened at $78.21 on Tuesday. PHINIA Inc. has a twelve month low of $49.34 and a twelve month high of $86.93. The company has a current ratio of 1.81, a quick ratio of 1.34 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2.87 billion, a P/E ratio of 22.41 and a beta of 1.17. The firm’s 50-day moving average is $79.52 and its two-hundred day moving average is $74.41.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.04). The company had revenue of $940.00 million for the quarter, compared to analyst estimates of $918.83 million. PHINIA had a net margin of 3.73% and a return on equity of 13.86%. On average, research analysts predict that PHINIA Inc. will post 6.24 earnings per share for the current fiscal year.

PHINIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Tuesday, June 9th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 9th. PHINIA’s dividend payout ratio (DPR) is presently 34.38%.

Insider Activity at PHINIA

In other PHINIA news, VP Michael Coetzee sold 1,250 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $80.61, for a total transaction of $100,762.50. Following the sale, the vice president directly owned 27,009 shares in the company, valued at approximately $2,177,195.49. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Samantha Pombier sold 2,227 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $82.36, for a total value of $183,415.72. Following the sale, the vice president owned 6,637 shares in the company, valued at approximately $546,623.32. The trade was a 25.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.20% of the company’s stock.

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. 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.