PHINIA (NYSE:PHIN) VP Sells $202,948.96 in Stock

PHINIA Inc. (NYSE:PHIN) VP Todd Anderson sold 3,056 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $66.41, for a total value of $202,948.96. Following the completion of the sale, the vice president directly owned 26,736 shares in the company, valued at approximately $1,775,537.76. This represents a 10.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

PHINIA Stock Performance

PHINIA stock opened at $61.08 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.81 and a quick ratio of 1.34. The stock has a fifty day moving average price of $73.35 and a two-hundred day moving average price of $73.92. PHINIA Inc. has a 52-week low of $50.79 and a 52-week high of $86.93. The firm has a market capitalization of $2.24 billion, a P/E ratio of 17.50 and a beta of 1.14.

PHINIA (NYSE:PHIN) last issued its earnings results on Thursday, July 30th. The company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.04). The firm had revenue of $940.00 million during 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%. As a group, analysts anticipate that PHINIA Inc. will post 6.18 EPS for the current fiscal year.

PHINIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a $0.30 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.0%. PHINIA’s payout ratio is 34.38%.

Analyst Upgrades and Downgrades

PHIN has been the subject of a number of research analyst reports. Northland Securities set a $98.00 target price on shares of PHINIA in a research note on Friday, July 31st. KeyCorp began coverage on PHINIA in a report on Friday, June 12th. They set an “overweight” rating and a $105.00 price target for the company. Wall Street Zen upgraded PHINIA from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Research cut PHINIA from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Finally, UBS Group decreased their target price on PHINIA from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PHINIA has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Lodge Hill Capital LLC lifted its stake in shares of PHINIA by 450.8% during the first quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock valued at $162,966,000 after acquiring an additional 1,948,820 shares during the period. Dimensional Fund Advisors LP increased its position in PHINIA by 1.5% in the first 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 holdings in 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 purchasing an additional 47,468 shares during the last quarter. Prevatt Capital Ltd raised its holdings in PHINIA by 18.8% during the 1st quarter. Prevatt Capital Ltd now owns 380,000 shares of the company’s stock worth $26,007,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in PHINIA by 1.5% during the 2nd quarter. Wellington Management Group LLP now owns 298,734 shares of the company’s stock valued at $24,607,000 after purchasing an additional 4,274 shares during the period. 90.94% of the stock is currently owned by institutional investors.

About PHINIA

PHINIA Inc (NYSE: PHIN) is a global supplier of fuel systems, electrical systems and aftermarket products for commercial vehicles, passenger vehicles and industrial applications. The company’s products are designed to support internal-combustion, hybrid and other powertrain technologies.

Its product portfolio includes fuel injectors, fuel pumps, fuel modules, electronic control units, sensors, actuators, ignition components, starters and alternators. PHINIA also provides replacement parts, diagnostic equipment and related service solutions through its aftermarket business, which serves original-equipment and independent repair channels.

PHINIA was established as an independent public company in 2023 through the separation of BorgWarner’s fuel systems and aftermarket businesses.