PHINIA (NYSE:PHIN) SVP Matthew Logar Sells 1,257 Shares

PHINIA Inc. (NYSE:PHIN) SVP Matthew Logar sold 1,257 shares of PHINIA stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $66.33, for a total value of $83,376.81. Following the transaction, the senior vice president directly owned 15,576 shares in the company, valued at approximately $1,033,156.08. This trade represents a 7.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PHINIA Price Performance

Shares of PHIN opened at $66.19 on Friday. The business’s 50-day moving average is $74.34 and its 200-day moving average is $74.26. 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 company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 18.97 and a beta of 1.14. PHINIA Inc. has a fifty-two week low of $50.79 and a fifty-two week high of $86.93.

PHINIA (NYSE:PHIN) last posted its quarterly 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). PHINIA had a return on equity of 13.86% and a net margin of 3.73%.The company had revenue of $940.00 million for the quarter, compared to analyst estimates of $918.83 million. Equities research analysts expect that PHINIA Inc. will post 6.18 EPS for the current fiscal year.

PHINIA Announces Dividend

The business also recently announced 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 1.8%. PHINIA’s dividend payout ratio is presently 34.38%.

Institutional Trading of PHINIA

Large investors have recently added to or reduced their stakes in the business. Voss Capital LP raised its holdings 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 valued at $108,295,000 after purchasing an additional 47,468 shares in the last quarter. Intech Investment Management LLC boosted its holdings in PHINIA by 634.1% in the fourth quarter. Intech Investment Management LLC now owns 119,432 shares of the company’s stock worth $7,487,000 after purchasing an additional 103,162 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in PHINIA during the fourth quarter worth $8,639,000. Weiss Asset Management LP increased its position in PHINIA by 345.9% during the first quarter. Weiss Asset Management LP now owns 72,300 shares of the company’s stock worth $4,948,000 after buying an additional 56,087 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in PHINIA by 18.5% during the first quarter. Sei Investments Co. now owns 181,684 shares of the company’s stock valued at $12,436,000 after buying an additional 28,409 shares in the last quarter. 90.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PHIN shares. UBS Group lowered their price target on shares of PHINIA from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Northland Securities set a $98.00 price objective on PHINIA in a research report on Friday, July 31st. KeyCorp initiated coverage on PHINIA in a research report on Friday, June 12th. They set an “overweight” rating and a $105.00 price objective for the company. Zacks Research downgraded PHINIA from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen lowered PHINIA from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.50.

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.