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

PHINIA Inc. (NYSE:PHIN) SVP Robert Boyle sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $62.12, for a total value of $465,900.00. Following the sale, the senior vice president directly owned 25,317 shares in the company, valued at $1,572,692.04. This trade represents a 22.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

PHINIA Price Performance

PHIN stock opened at $61.36 on Friday. The business has a 50 day moving average price of $72.67 and a 200 day moving average price of $73.75. 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 stock has a market cap of $2.25 billion, a price-to-earnings ratio of 17.58 and a beta of 1.14. PHINIA Inc. has a fifty-two week low of $50.79 and a fifty-two week high of $86.93.

PHINIA (NYSE:PHIN) last announced its quarterly earnings results 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 net margin of 3.73% and a return on equity of 13.86%. The company had revenue of $940.00 million during the quarter, compared to analysts’ expectations of $918.83 million. Equities research analysts anticipate that PHINIA Inc. will post 6.18 earnings per share for the current fiscal year.

PHINIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, September 4th. PHINIA’s dividend payout ratio (DPR) is 34.38%.

Institutional Trading of PHINIA

A number of large investors have recently bought and sold shares of PHIN. Lodge Hill Capital LLC increased its stake in PHINIA by 450.8% in the first 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. Dimensional Fund Advisors LP raised its stake in PHINIA by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,336,499 shares of the company’s stock valued at $159,901,000 after acquiring an additional 34,503 shares during the last quarter. Voss Capital LP raised its stake in PHINIA by 2.8% during the 4th 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 last quarter. Prevatt Capital Ltd lifted its position in PHINIA by 18.8% during the 1st quarter. Prevatt Capital Ltd now owns 380,000 shares of the company’s stock worth $26,007,000 after acquiring an additional 60,000 shares during the period. Finally, Wellington Management Group LLP lifted its position in PHINIA by 1.5% during the 2nd quarter. Wellington Management Group LLP now owns 298,734 shares of the company’s stock worth $24,607,000 after acquiring an additional 4,274 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.

Analysts Set New Price Targets

PHIN has been the subject of a number of research reports. Zacks Research cut shares of PHINIA from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded PHINIA from a “hold” rating to a “buy” rating in a research report on Monday, September 14th. UBS Group reduced their target price on PHINIA from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Weiss Ratings cut PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Northland Securities set a $98.00 price target on PHINIA 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 assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.