Insider Selling: PHINIA (NYSE:PHIN) VP Sells $140,436.09 in Stock

PHINIA Inc. (NYSE:PHIN) VP Christopher Gustanski sold 2,097 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $66.97, for a total value of $140,436.09. Following the sale, the vice president owned 11,301 shares of the company’s stock, valued at $756,827.97. The trade was a 15.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

PHINIA Trading Down 0.1%

NYSE PHIN opened at $66.19 on Monday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 18.97 and a beta of 1.14. 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 company’s 50 day moving average price is $74.34 and its 200 day moving average price is $74.24.

PHINIA (NYSE:PHIN) last released 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 return on equity of 13.86% and a net margin of 3.73%.The business had revenue of $940.00 million for the quarter, compared to analysts’ expectations of $918.83 million. On average, sell-side analysts predict that PHINIA Inc. will post 6.18 EPS for the current year.

PHINIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.20 annualized dividend and a yield of 1.8%. PHINIA’s dividend payout ratio (DPR) is 34.38%.

Institutional Investors Weigh In On PHINIA

A number of institutional investors have recently made changes to their positions in PHIN. California State Teachers Retirement System raised its holdings 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 worth $308,919,000 after purchasing an additional 3,703,554 shares during the period. Lodge Hill Capital LLC boosted its position in PHINIA by 450.8% during the 1st quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock valued at $162,966,000 after purchasing an additional 1,948,820 shares during the period. ION Fund Management Ltd bought a new position in PHINIA during the 4th quarter worth $32,285,000. Freestone Grove Partners LP increased its position in PHINIA by 1,206.1% in the fourth quarter. Freestone Grove Partners LP now owns 557,097 shares of the company’s stock worth $34,924,000 after buying an additional 514,442 shares during the period. Finally, UBS Group AG increased its position in PHINIA by 222.9% in the third quarter. UBS Group AG now owns 466,053 shares of the company’s stock worth $26,789,000 after buying an additional 321,708 shares during the period. 90.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PHIN shares. KeyCorp initiated coverage on PHINIA in a report on Friday, June 12th. They set an “overweight” rating and a $105.00 price objective on the stock. Weiss Ratings upgraded shares of PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 1st. Zacks Research cut shares of PHINIA from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Northland Securities set a $98.00 price objective on shares of PHINIA in a research note on Friday, July 31st. Finally, Wall Street Zen raised shares of PHINIA from a “hold” rating to a “buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

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.