PHINIA Inc. $PHIN Holdings Raised by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its position in shares of PHINIA Inc. (NYSE:PHIN) by 40.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,859 shares of the company’s stock after acquiring an additional 6,546 shares during the period. Sanctuary Advisors LLC owned about 0.06% of PHINIA worth $1,564,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in PHINIA by 151.5% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $27,000 after purchasing an additional 256 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its holdings 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 valued at $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 second quarter worth $60,000. Hantz Financial Services Inc. increased its stake in shares of PHINIA by 76.7% in the fourth 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 raised its holdings 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 acquiring an additional 1,214 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PHINIA

In other news, VP Samantha Pombier sold 2,227 shares of the 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 of the company’s stock, valued at $546,623.32. This represents a 25.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael Coetzee sold 1,250 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $80.61, for a total value of $100,762.50. Following the sale, the vice president owned 27,009 shares of the company’s stock, valued at approximately $2,177,195.49. This represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.20% of the stock is owned by insiders.

PHINIA Stock Down 1.7%

Shares of PHIN opened at $78.41 on Friday. The business’s fifty day moving average price is $79.04 and its two-hundred day moving average price is $73.92. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 21.90 and a beta of 1.13. PHINIA Inc. has a 52 week low of $48.52 and a 52 week high of $86.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.32 and a current ratio of 1.82.

PHINIA (NYSE:PHIN) last released its earnings results on Thursday, April 30th. The company reported $1.29 earnings per share 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 the consensus estimate of $838.67 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts predict that PHINIA Inc. will post 6.24 earnings per share 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 payout ratio is 33.52%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group boosted their target price on PHINIA from $76.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Zacks Research downgraded PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. KeyCorp initiated coverage on PHINIA in a report on Friday, June 12th. They set an “overweight” rating and a $105.00 price target for the company. Wall Street Zen raised PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings upgraded shares of PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.67.

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.