PHINIA Inc. $PHIN Shares Sold by Medina Value Partners LLC

Medina Value Partners LLC decreased its stake in PHINIA Inc. (NYSE:PHIN) by 17.6% in the 4th quarter, Holdings Channel reports. The firm owned 299,950 shares of the company’s stock after selling 64,194 shares during the quarter. PHINIA accounts for approximately 4.4% of Medina Value Partners LLC’s portfolio, making the stock its 11th biggest position. Medina Value Partners LLC’s holdings in PHINIA were worth $18,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of PHINIA by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 4,510,133 shares of the company’s stock valued at $282,740,000 after purchasing an additional 44,599 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of PHINIA by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,301,996 shares of the company’s stock valued at $144,314,000 after purchasing an additional 45,214 shares during the period. Voss Capital LP lifted its stake in shares of PHINIA by 2.8% in the fourth 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 during the period. American Century Companies Inc. lifted its stake in shares of PHINIA by 4.7% in the third quarter. American Century Companies Inc. now owns 1,641,916 shares of the company’s stock valued at $94,377,000 after purchasing an additional 74,430 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of PHINIA by 6.4% in the first quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock valued at $41,462,000 after purchasing an additional 58,875 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.

PHINIA Stock Performance

Shares of PHIN opened at $85.25 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.32 and a debt-to-equity ratio of 0.62. The stock has a market cap of $3.16 billion, a P/E ratio of 23.81 and a beta of 1.16. The company has a 50-day moving average of $75.39 and a two-hundred day moving average of $69.51. PHINIA Inc. has a 12-month low of $41.59 and a 12-month high of $86.65.

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

PHINIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 9th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 9th. PHINIA’s payout ratio is currently 33.52%.

Analyst Upgrades and Downgrades

PHIN has been the subject of a number of research reports. Zacks Research upgraded shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. KeyCorp initiated coverage on shares of PHINIA in a research report on Friday. They set an “overweight” rating and a $105.00 target price for the company. Wall Street Zen upgraded shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded shares of PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Finally, Freedom Capital cut shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, PHINIA currently has a consensus rating of “Moderate Buy” and an average price target of $74.83.

Insider Buying and Selling

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