PHINIA Inc. $PHIN Stock Holdings Increased by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC raised its holdings in shares of PHINIA Inc. (NYSE:PHIN) by 55,494.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,563 shares of the company’s stock after buying an additional 10,544 shares during the period. Measured Wealth Private Client Group LLC’s holdings in PHINIA were worth $723,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of PHINIA by 151.5% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $27,000 after buying an additional 256 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its stake in shares of PHINIA by 2,500.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock worth $49,000 after acquiring an additional 750 shares in the last quarter. State of Wyoming acquired a new position in shares of PHINIA in the 2nd quarter worth $60,000. Hantz Financial Services Inc. grew its holdings in shares of PHINIA by 76.7% in the 4th quarter. Hantz Financial Services Inc. now owns 979 shares of the company’s stock worth $61,000 after acquiring an additional 425 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of PHINIA by 2,529.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,262 shares of the company’s stock worth $79,000 after acquiring an additional 1,214 shares during the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PHIN. KeyCorp initiated coverage on 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 PHINIA from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Zacks Research lowered shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. UBS Group upped their price objective on shares of PHINIA from $76.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, PHINIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.67.

PHINIA Price Performance

Shares of NYSE:PHIN opened at $79.65 on Thursday. The company’s fifty day moving average is $79.07 and its two-hundred day moving average is $73.82. The company has a market cap of $2.95 billion, a P/E ratio of 22.25 and a beta of 1.13. PHINIA Inc. has a 12-month low of $47.83 and a 12-month high of $86.93. The company has a quick ratio of 1.32, a current ratio of 1.82 and a debt-to-equity ratio of 0.62.

PHINIA (NYSE:PHIN) last issued its earnings results on Thursday, April 30th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.13 by $0.16. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.The business had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $838.67 million. During the same quarter last year, the firm posted $0.94 earnings per share. PHINIA’s revenue was up 10.3% compared to the same quarter last year. Equities analysts expect that PHINIA Inc. will post 6.24 earnings per share for the current fiscal year.

PHINIA Announces Dividend

The firm 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 is currently 33.52%.

Insider Transactions at PHINIA

In other PHINIA news, VP Michael Coetzee sold 1,250 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $80.61, for a total transaction of $100,762.50. Following the completion of the sale, the vice president directly owned 27,009 shares in the company, valued at approximately $2,177,195.49. This trade represents a 4.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Samantha Pombier sold 2,227 shares of PHINIA stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $82.36, for a total value of $183,415.72. Following the transaction, the vice president directly owned 6,637 shares in the company, valued at approximately $546,623.32. This trade represents a 25.12% decrease in their position. The SEC filing for this sale provides additional information. 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.