Chris Gropp Sells 13,500 Shares of PHINIA (NYSE:PHIN) Stock

PHINIA Inc. (NYSE:PHIN) CFO Chris Gropp sold 13,500 shares of PHINIA stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $66.71, for a total transaction of $900,585.00. Following the completion of the transaction, the chief financial officer owned 43,823 shares of the company’s stock, valued at $2,923,432.33. The trade was a 23.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

PHINIA Stock Performance

NYSE PHIN opened at $66.19 on Friday. The firm has a market cap of $2.43 billion, a P/E ratio of 18.97 and a beta of 1.14. 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 company’s 50 day moving average is $74.34 and its 200-day moving average is $74.26. PHINIA Inc. has a 12-month low of $50.79 and a 12-month high of $86.93.

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

PHINIA Dividend Announcement

The business 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 of this dividend is Friday, September 4th. PHINIA’s dividend payout ratio (DPR) is presently 34.38%.

Analysts Set New Price Targets

A number of analysts recently issued reports on PHIN shares. Wall Street Zen lowered PHINIA from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Weiss Ratings raised PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 1st. Northland Securities set a $98.00 price target on shares of PHINIA in a report on Friday, July 31st. Zacks Research lowered shares of PHINIA from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Finally, UBS Group reduced their price objective on shares of PHINIA from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Institutional Trading of PHINIA

Several hedge funds and other institutional investors have recently bought and sold shares of PHIN. California State Teachers Retirement System grew its stake in shares of PHINIA by 7,907.8% during the second quarter. California State Teachers Retirement System now owns 3,750,388 shares of the company’s stock valued at $308,919,000 after buying an additional 3,703,554 shares during the last quarter. Lodge Hill Capital LLC lifted its stake in shares of PHINIA by 450.8% in the 1st quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock valued at $162,966,000 after acquiring an additional 1,948,820 shares during the last quarter. ION Fund Management Ltd purchased a new stake in PHINIA during the 4th quarter valued at about $32,285,000. Freestone Grove Partners LP grew its position in PHINIA by 1,206.1% during the 4th quarter. Freestone Grove Partners LP now owns 557,097 shares of the company’s stock worth $34,924,000 after acquiring an additional 514,442 shares during the last quarter. Finally, UBS Group AG grew its position in PHINIA by 222.9% during the 3rd quarter. UBS Group AG now owns 466,053 shares of the company’s stock worth $26,789,000 after acquiring an additional 321,708 shares during the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.

About PHINIA

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.