Insider Selling: PHINIA (NYSE:PHIN) VP Sells $202,948.96 in Stock

PHINIA Inc. (NYSE:PHIN) VP Todd Anderson sold 3,056 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $66.41, for a total transaction of $202,948.96. Following the completion of the sale, the vice president directly owned 26,736 shares of the company’s stock, valued at $1,775,537.76. The trade was a 10.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

PHINIA Stock Down 5.1%

Shares of PHIN stock traded down $3.39 during trading hours on Monday, hitting $62.85. 396,360 shares of the company were exchanged, compared to its average volume of 381,555. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.34 and a current ratio of 1.81. PHINIA Inc. has a one year low of $50.79 and a one year high of $86.93. The business’s 50-day simple moving average is $74.34 and its two-hundred day simple moving average is $74.24. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 18.01 and a beta of 1.14.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.04). The firm had revenue of $940.00 million during 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%. Sell-side analysts predict that PHINIA Inc. will post 6.18 EPS for the current fiscal year.

PHINIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a $0.30 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. PHINIA’s dividend payout ratio (DPR) is presently 34.38%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On PHINIA

Several institutional investors have recently made changes to their positions in PHIN. Voss Capital LP boosted its holdings in shares of PHINIA by 2.8% during the fourth quarter. Voss Capital LP now owns 1,727,468 shares of the company’s stock valued at $108,295,000 after acquiring an additional 47,468 shares during the period. Intech Investment Management LLC grew its position in shares of PHINIA by 634.1% during the fourth quarter. Intech Investment Management LLC now owns 119,432 shares of the company’s stock worth $7,487,000 after acquiring an additional 103,162 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of PHINIA in the 4th quarter worth about $8,639,000. Weiss Asset Management LP increased its holdings in shares of PHINIA by 345.9% in the 1st quarter. Weiss Asset Management LP now owns 72,300 shares of the company’s stock worth $4,948,000 after acquiring an additional 56,087 shares during the period. Finally, Sei Investments Co. lifted its position in PHINIA by 18.5% in the 1st quarter. Sei Investments Co. now owns 181,684 shares of the company’s stock valued at $12,436,000 after purchasing an additional 28,409 shares during the last quarter. 90.94% of the stock is owned by institutional investors.

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.