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

Key Points

• Insider sale: PHINIA Vice President Todd Anderson sold 3,056 shares for approximately $202,949, reducing his direct holdings by 10.26% to 26,736 shares.
• Stock and earnings: PHIN shares fell to $62.85, below their 50- and 200-day moving averages. The company narrowly missed quarterly EPS expectations despite reporting revenue above analyst forecasts.
• Dividend and outlook: PHINIA declared a quarterly dividend of $0.30, equal to a 1.9% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $86.50, while institutional investors own 90.94% of the stock.

PHINIA Inc. (NYSE:PHIN - Get Free Report) VP Todd Anderson sold 3,056 shares of the firm's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $66.41, for a total value of $202,948.96. Following the transaction, the vice president directly owned 26,736 shares in the company, valued at approximately $1,775,537.76. This represents a 10.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PHINIA Stock Performance

PHIN traded down $3.39 on Monday, hitting $62.85. 396,360 shares of the company traded hands, compared to its average volume of 381,555. The company has a 50 day moving average of $74.34 and a 200-day moving average of $74.24. 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 capitalization of $2.30 billion, a PE ratio of 18.01 and a beta of 1.14. PHINIA Inc. has a 12-month low of $50.79 and a 12-month high of $86.93.

PHINIA (NYSE:PHIN - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.53 earnings per share 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 net margin of 3.73% and a return on equity of 13.86%. Sell-side analysts anticipate that PHINIA Inc. will post 6.18 earnings per share for the current year.

PHINIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, September 4th. PHINIA's dividend payout ratio (DPR) is 34.38%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Northland Securities set a $98.00 target price on shares of PHINIA in a research note on Friday, July 31st. Wall Street Zen upgraded shares of PHINIA from a "hold" rating to a "buy" rating in a research note on Monday. Zacks Research cut shares of PHINIA from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Weiss Ratings upgraded shares of PHINIA from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, September 1st. Finally, KeyCorp initiated coverage on PHINIA in a report on Friday, June 12th. They issued an "overweight" rating and a $105.00 price objective on the stock. 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $86.50.

Institutional Investors Weigh In On PHINIA

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC boosted its stake in shares of PHINIA by 1.9% during the 4th quarter. ProShare Advisors LLC now owns 7,409 shares of the company's stock valued at $464,000 after buying an additional 141 shares during the last quarter. Baron Wealth Management LLC grew its position in shares of PHINIA by 3.7% during the second quarter. Baron Wealth Management LLC now owns 4,542 shares of the company's stock worth $374,000 after buying an additional 160 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of PHINIA by 151.5% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $27,000 after buying an additional 256 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of PHINIA by 3.8% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 9,640 shares of the company's stock worth $659,000 after buying an additional 350 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in PHINIA by 49.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,132 shares of the company's stock valued at $77,000 after acquiring an additional 376 shares in the last quarter. Institutional investors and hedge funds 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.

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