PHINIA (NYSE:PHIN) SVP Robert Boyle Sells 7,500 Shares

PHINIA Inc. (NYSE:PHINGet Free Report) SVP Robert Boyle sold 7,500 shares of PHINIA stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $62.12, for a total transaction of $465,900.00. Following the transaction, the senior vice president directly owned 25,317 shares of the company’s stock, valued at $1,572,692.04. This represents a 22.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

PHINIA Stock Performance

NYSE:PHIN opened at $61.87 on Friday. The firm has a 50 day moving average of $73.01 and a 200-day moving average of $73.84. The company has a current ratio of 1.81, a quick ratio of 1.34 and a debt-to-equity ratio of 0.63. PHINIA Inc. has a 1 year low of $50.79 and a 1 year high of $86.93. The stock has a market capitalization of $2.27 billion, a P/E ratio of 17.73 and a beta of 1.14.

PHINIA (NYSE:PHINGet Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.04). PHINIA had a net margin of 3.73% and a return on equity of 13.86%. The business had revenue of $940.00 million during the quarter, compared to analyst estimates of $918.83 million. As a group, sell-side analysts anticipate that PHINIA Inc. will post 6.18 EPS for the current fiscal year.

PHINIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.9%. PHINIA’s dividend payout ratio (DPR) is currently 34.38%.

Hedge Funds Weigh In On PHINIA

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Lodge Hill Capital LLC increased its holdings in shares of PHINIA by 450.8% in the first quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock worth $162,966,000 after acquiring an additional 1,948,820 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in PHINIA by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,336,499 shares of the company’s stock valued at $159,901,000 after buying an additional 34,503 shares in the last quarter. Voss Capital LP lifted its stake in 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 buying an additional 47,468 shares in the last quarter. Prevatt Capital Ltd boosted its holdings in shares of PHINIA by 18.8% in the first quarter. Prevatt Capital Ltd now owns 380,000 shares of the company’s stock valued at $26,007,000 after buying an additional 60,000 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of PHINIA by 1.5% in the second quarter. Wellington Management Group LLP now owns 298,734 shares of the company’s stock valued at $24,607,000 after buying an additional 4,274 shares during the period. 90.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PHIN has been the subject of several research reports. Northland Securities set a $98.00 target price on PHINIA in a research note on Friday, July 31st. Weiss Ratings cut PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. UBS Group lowered their price target on shares of PHINIA from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Wall Street Zen raised shares of PHINIA from a “hold” rating to a “buy” rating in a research note on Monday. Finally, KeyCorp initiated coverage on shares of PHINIA in a research report on Friday, June 12th. They set an “overweight” rating and a $105.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PHINIA presently has an average rating of “Moderate Buy” and an average price target of $86.50.

View Our Latest Stock Analysis on PHINIA

PHINIA Company Profile

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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.

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