PHINIA (NYSE:PHIN) VP Christopher Gustanski Sells 2,097 Shares of Stock

PHINIA Inc. (NYSE:PHIN) VP Christopher Gustanski sold 2,097 shares of PHINIA stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $66.97, for a total value of $140,436.09. Following the completion of the sale, the vice president owned 11,301 shares of the company’s stock, valued at approximately $756,827.97. The trade was a 15.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

PHINIA Price Performance

Shares of PHIN opened at $66.19 on Friday. PHINIA Inc. has a 52-week low of $50.79 and a 52-week high of $86.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.34 and a current ratio of 1.81. The business’s 50 day moving average price is $74.34 and its two-hundred day moving average price is $74.26. The firm has a market cap of $2.43 billion, a PE ratio of 18.97 and a beta of 1.14.

PHINIA (NYSE:PHIN) last announced 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). The company had revenue of $940.00 million for the quarter, compared to analyst estimates of $918.83 million. PHINIA had a return on equity of 13.86% and a net margin of 3.73%. On average, equities analysts anticipate that PHINIA Inc. will post 6.18 EPS for the current year.

PHINIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a dividend of $0.30 per share. 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 is currently 34.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PHIN shares. KeyCorp began coverage on shares of PHINIA in a research note on Friday, June 12th. They issued an “overweight” rating and a $105.00 price target for the company. Weiss Ratings raised shares of PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 1st. Wall Street Zen downgraded PHINIA from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Zacks Research lowered PHINIA from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Finally, Northland Securities set a $98.00 price target on PHINIA in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PHIN. Larson Financial Group LLC lifted its position in PHINIA by 151.5% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $27,000 after acquiring an additional 256 shares in the last quarter. Nykredit A S purchased a new stake in shares of PHINIA in the second quarter worth approximately $38,000. Integrated Wealth Concepts LLC purchased a new stake in shares of PHINIA in the second quarter worth approximately $39,000. Federation des caisses Desjardins du Quebec lifted its holdings in shares of PHINIA by 2,500.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock valued at $49,000 after purchasing an additional 750 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of PHINIA by 76.7% in the fourth quarter. Hantz Financial Services Inc. now owns 979 shares of the company’s stock valued at $61,000 after purchasing an additional 425 shares in the last quarter. 90.94% of the stock is owned by institutional investors.

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.