PHINIA (NYSE:PHIN) SVP Robert Boyle Sells 7,500 Shares

PHINIA Inc. (NYSE:PHIN) SVP Robert Boyle sold 7,500 shares of PHINIA stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $62.12, for a total transaction of $465,900.00. Following the transaction, the senior vice president directly owned 25,317 shares in the company, valued at approximately $1,572,692.04. The trade was a 22.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

PHINIA Stock Up 1.2%

Shares of PHINIA stock traded up $0.72 on Thursday, reaching $61.87. The stock had a trading volume of 424,443 shares, compared to its average volume of 383,169. The company has a 50 day moving average price of $73.35 and a 200 day moving average price of $73.92. The company has a quick ratio of 1.34, a current ratio of 1.81 and a debt-to-equity ratio of 0.63. PHINIA Inc. has a 1 year low of $50.79 and a 1 year high of $86.93. The stock has a market capitalization of $2.27 billion, a P/E ratio of 17.73 and a beta of 1.14.

PHINIA (NYSE:PHIN) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities research analysts forecast that PHINIA Inc. will post 6.18 EPS for the current year.

PHINIA Announces Dividend

The business 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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. PHINIA’s dividend payout ratio (DPR) is currently 34.38%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PHIN. Larson Financial Group LLC grew its stake in PHINIA by 151.5% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $27,000 after acquiring an additional 256 shares during the period. Nykredit A S acquired a new position in PHINIA during the second quarter worth $38,000. Integrated Wealth Concepts LLC acquired a new position in PHINIA during the second quarter worth $39,000. Hantz Financial Services Inc. lifted its holdings in PHINIA by 76.7% during the fourth quarter. Hantz Financial Services Inc. now owns 979 shares of the company’s stock valued at $61,000 after purchasing an additional 425 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in PHINIA by 49.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,132 shares of the company’s stock valued at $77,000 after purchasing an additional 376 shares in the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PHIN shares. Weiss Ratings upgraded PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 1st. KeyCorp started coverage on shares of PHINIA in a report on Friday, June 12th. They set an “overweight” rating and a $105.00 target price for the company. Wall Street Zen upgraded shares of PHINIA from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Research downgraded shares of PHINIA from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Finally, Northland Securities set a $98.00 price target on shares of PHINIA in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PHINIA has an average rating of “Moderate Buy” and an average target price of $86.50.

PHINIA Company Profile

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.