Vanguard Group Inc. Buys 44,599 Shares of PHINIA Inc. $PHIN

Vanguard Group Inc. raised its stake in shares of PHINIA Inc. (NYSE:PHIN) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,510,133 shares of the company’s stock after acquiring an additional 44,599 shares during the quarter. Vanguard Group Inc. owned approximately 0.12% of PHINIA worth $282,740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Fractal Investments LLC boosted its position in PHINIA by 12.9% during the 4th quarter. Fractal Investments LLC now owns 14,900 shares of the company’s stock valued at $934,000 after acquiring an additional 1,700 shares in the last quarter. Old North State Wealth Management LLC boosted its position in PHINIA by 2.5% during the 4th quarter. Old North State Wealth Management LLC now owns 10,253 shares of the company’s stock valued at $643,000 after acquiring an additional 250 shares in the last quarter. SG Americas Securities LLC boosted its position in PHINIA by 26.8% during the 4th quarter. SG Americas Securities LLC now owns 17,717 shares of the company’s stock valued at $1,111,000 after acquiring an additional 3,749 shares in the last quarter. CWA Asset Management Group LLC boosted its position in PHINIA by 2.5% during the 4th quarter. CWA Asset Management Group LLC now owns 40,008 shares of the company’s stock valued at $2,508,000 after acquiring an additional 977 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in PHINIA during the 3rd quarter valued at $3,850,000. Institutional investors own 90.94% of the company’s stock.

Insider Transactions at PHINIA

In other PHINIA news, VP Christopher Gustanski sold 3,812 shares of PHINIA stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $72.73, for a total transaction of $277,246.76. Following the completion of the sale, the vice president owned 14,871 shares of the company’s stock, valued at approximately $1,081,567.83. The trade was a 20.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Neil Fryer sold 624 shares of PHINIA stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $72.75, for a total value of $45,396.00. Following the sale, the vice president directly owned 18,180 shares of the company’s stock, valued at approximately $1,322,595. This represents a 3.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.20% of the company’s stock.

PHINIA Stock Performance

Shares of PHIN opened at $79.91 on Friday. The stock has a 50-day moving average of $69.99 and a two-hundred day moving average of $64.96. PHINIA Inc. has a one year low of $41.28 and a one year high of $81.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.32 and a current ratio of 1.82. The stock has a market cap of $2.96 billion, a P/E ratio of 22.32 and a beta of 1.16.

PHINIA (NYSE:PHIN) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.16. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.The company had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $838.67 million. During the same quarter in the previous year, the firm posted $0.94 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. As a group, research analysts predict that PHINIA Inc. will post 6.36 EPS for the current year.

Analyst Ratings Changes

PHIN has been the topic of several recent research reports. Zacks Research cut PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Freedom Capital cut PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. UBS Group reaffirmed a “neutral” rating and set a $76.00 target price on shares of PHINIA in a research report on Friday, February 13th. Wall Street Zen raised PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings raised PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $68.80.

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.