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

PHINIA Inc. (NYSE:PHIN) SVP Matthew Logar sold 1,257 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $66.33, for a total transaction of $83,376.81. Following the transaction, the senior vice president directly owned 15,576 shares in the company, valued at $1,033,156.08. The trade was a 7.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

PHINIA Stock Up 0.3%

Shares of PHINIA stock opened at $66.19 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.81 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2.43 billion, a P/E 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. The business has a 50-day moving average price of $74.34 and a 200 day moving average price of $74.26.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.04). PHINIA had a net margin of 3.73% and a return on equity of 13.86%. The firm had revenue of $940.00 million for the quarter, compared to analyst estimates of $918.83 million. On average, sell-side analysts forecast that PHINIA Inc. will post 6.18 earnings per share for the current fiscal year.

PHINIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, September 4th. PHINIA’s payout ratio is 34.38%.

Institutional Trading of PHINIA

Institutional investors and hedge funds have recently made changes to their positions in the stock. ProShare Advisors LLC raised its holdings in shares of PHINIA by 1.9% during the fourth quarter. ProShare Advisors LLC now owns 7,409 shares of the company’s stock valued at $464,000 after acquiring an additional 141 shares during the period. Baron Wealth Management LLC boosted its stake in PHINIA by 3.7% in the 2nd quarter. Baron Wealth Management LLC now owns 4,542 shares of the company’s stock worth $374,000 after purchasing an additional 160 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in PHINIA by 2.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,748 shares of the company’s stock worth $548,000 after purchasing an additional 207 shares in the last quarter. Larson Financial Group LLC grew its position in PHINIA by 151.5% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $27,000 after purchasing an additional 256 shares in the last quarter. Finally, Hancock Whitney Corp raised its stake in PHINIA by 0.5% during the 3rd quarter. Hancock Whitney Corp now owns 62,643 shares of the company’s stock valued at $3,601,000 after purchasing an additional 311 shares during the period. 90.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PHIN has been the topic of several research analyst reports. UBS Group reduced their price objective on PHINIA from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Weiss Ratings upgraded shares of PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 1st. Northland Securities set a $98.00 target price on shares of PHINIA in a report on Friday, July 31st. Zacks Research downgraded shares of PHINIA from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Finally, KeyCorp assumed coverage on shares of PHINIA in a report on Friday, June 12th. They issued an “overweight” rating and a $105.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

PHINIA Company Profile

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.