Western Wealth Management LLC Takes Position in PHINIA Inc. $PHIN

Western Wealth Management LLC bought a new stake in PHINIA Inc. (NYSE:PHIN) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 6,525 shares of the company’s stock, valued at approximately $447,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PHIN. Larson Financial Group LLC lifted its position in 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 acquiring an additional 256 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in shares of PHINIA by 2,500.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock worth $49,000 after purchasing an additional 750 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of PHINIA by 76.7% during the fourth quarter. Hantz Financial Services Inc. now owns 979 shares of the company’s stock worth $61,000 after purchasing an additional 425 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of PHINIA by 49.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,132 shares of the company’s stock worth $77,000 after purchasing an additional 376 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of PHINIA by 2,529.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,262 shares of the company’s stock worth $79,000 after purchasing an additional 1,214 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors and hedge funds.

PHINIA Price Performance

Shares of NYSE:PHIN opened at $78.21 on Tuesday. The company has a 50-day simple moving average of $79.52 and a 200-day simple moving average of $74.41. PHINIA Inc. has a one year low of $49.34 and a one year high of $86.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.34 and a current ratio of 1.81. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 22.41 and a beta of 1.17.

PHINIA (NYSE:PHIN) last announced its earnings results on Thursday, July 30th. The company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.04). The business had revenue of $940.00 million for the quarter, compared to analyst estimates of $918.83 million. PHINIA had a return on equity of 13.86% and a net margin of 3.73%. On average, analysts predict that PHINIA Inc. will post 6.24 EPS for the current year.

PHINIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 9th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 9th. PHINIA’s dividend payout ratio (DPR) is presently 34.38%.

Analysts Set New Price Targets

A number of analysts recently issued reports on PHIN shares. UBS Group decreased their target price on PHINIA from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday. Northland Securities set a $98.00 price target on PHINIA in a research report on Friday. Zacks Research cut PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Wall Street Zen downgraded PHINIA from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings upgraded shares of PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $76.33.

Insider Activity at PHINIA

In other news, VP Michael Coetzee sold 1,250 shares of the company’s stock in a transaction that occurred on 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 owned 27,009 shares in the company, valued at $2,177,195.49. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Samantha Pombier sold 2,227 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $82.36, for a total value of $183,415.72. Following the sale, the vice president owned 6,637 shares of the company’s stock, valued at $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 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.