Todd Anderson Sells 3,056 Shares of PHINIA (NYSE:PHIN) Stock

PHINIA Inc. (NYSE:PHIN) VP Todd Anderson sold 3,056 shares of PHINIA stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $66.41, for a total transaction of $202,948.96. Following the sale, the vice president owned 26,736 shares of the company’s stock, valued at approximately $1,775,537.76. The trade was a 10.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

PHINIA Price Performance

PHIN stock opened at $61.36 on Wednesday. The firm has a 50 day simple moving average of $73.66 and a two-hundred day simple moving average of $74.01. The stock has a market cap of $2.25 billion, a PE ratio of 17.58 and a beta of 1.14. PHINIA Inc. has a one year low of $50.79 and a one year high of $86.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.81 and a quick ratio of 1.34.

PHINIA (NYSE:PHIN) last announced its earnings results 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). The company had revenue of $940.00 million during the quarter, compared to analysts’ expectations 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 6.18 EPS for the current fiscal year.

PHINIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, September 4th. PHINIA’s dividend payout ratio (DPR) is presently 34.38%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PHIN. Tidal Investments LLC increased its stake in shares of PHINIA by 11.7% in the second quarter. Tidal Investments LLC now owns 8,699 shares of the company’s stock worth $717,000 after buying an additional 914 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in PHINIA during the 2nd quarter valued at $39,000. Nykredit A S purchased a new stake in PHINIA during the 2nd quarter valued at $38,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in PHINIA in the 2nd quarter worth $346,000. Finally, Odyssean LLC bought a new stake in PHINIA in the 2nd quarter worth $358,000. Institutional investors own 90.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 1st. Wall Street Zen upgraded shares of PHINIA from a “hold” rating to a “buy” rating in a research report on Monday. Northland Securities set a $98.00 price target on shares of PHINIA in a research note on Friday, July 31st. KeyCorp initiated coverage on shares of PHINIA in a research report on Friday, June 12th. They set an “overweight” rating and a $105.00 price target for the company. Finally, UBS Group cut 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. One equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, PHINIA currently has a consensus rating of “Moderate Buy” and a consensus target price 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.