US Bancorp DE Cuts Stock Position in PHINIA Inc. $PHIN

US Bancorp DE decreased its stake in shares of PHINIA Inc. (NYSE:PHIN) by 32.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,314 shares of the company’s stock after selling 8,471 shares during the quarter. US Bancorp DE’s holdings in PHINIA were worth $995,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. EMC Capital Management purchased a new stake in shares of PHINIA in the second quarter worth $39,000. TD Waterhouse Canada Inc. raised its position in shares of PHINIA by 350.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company’s stock worth $42,000 after purchasing an additional 700 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of PHINIA by 34.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock worth $50,000 after purchasing an additional 222 shares during the last quarter. MAI Capital Management boosted its stake in PHINIA by 845.4% in the 3rd quarter. MAI Capital Management now owns 917 shares of the company’s stock worth $53,000 after purchasing an additional 820 shares in the last quarter. Finally, State of Wyoming bought a new position in PHINIA in the 2nd quarter worth about $60,000. 90.94% of the stock is owned by institutional investors.

Trending Headlines about PHINIA

Here are the key news stories impacting PHINIA this week:

• Positive Sentiment: Northland Securities published aggressive FY2027 estimates (Q1 $1.29, Q2 $1.88, Q3 $2.15, Q4 $1.74, FY $7.06), well above the street consensus of ~$4.21, implying materially stronger earnings growth and giving a fundamental reason for upside re-rating if validated by company performance and other analysts. (Northland note, issued Mar. 6)
• Neutral Sentiment: PHINIA extended its motorsport collaboration with Alpine — a branding/marketing partnership that can boost visibility and niche demand but is unlikely to move near-term fundamentals on its own. PHINIA and Alpine Continue Motorsport Collaboration
• Negative Sentiment: Insider selling by two VPs: Neil Fryer sold 624 shares at ~$72.75 (SEC filing) and Christopher Gustanski sold 3,812 shares at ~$72.73 (SEC filing). These disclosures may create short-term selling pressure or negative sentiment even if sales are routine. Neil Fryer Form 4 Christopher Gustanski Form 4

Insider Activity at PHINIA

In other news, VP Christopher Gustanski sold 3,812 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $72.73, for a total transaction of $277,246.76. Following the completion of the sale, the vice president owned 14,871 shares of the company’s stock, valued at $1,081,567.83. The trade was a 20.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Neil Fryer sold 624 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $72.75, for a total value of $45,396.00. Following the completion of the sale, the vice president owned 18,180 shares of the company’s stock, valued at $1,322,595. This trade represents a 3.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.00% of the stock is currently owned by company insiders.

PHINIA Trading Down 3.3%

PHINIA stock opened at $67.22 on Friday. PHINIA Inc. has a 52-week low of $36.25 and a 52-week high of $81.11. The company has a market cap of $2.55 billion, a P/E ratio of 20.68 and a beta of 1.36. The company has a quick ratio of 1.36, a current ratio of 1.86 and a debt-to-equity ratio of 0.61. The business has a 50-day simple moving average of $70.81 and a two-hundred day simple moving average of $61.15.

PHINIA (NYSE:PHIN) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.17). The business had revenue of $889.00 million during the quarter, compared to the consensus estimate of $843.59 million. PHINIA had a return on equity of 12.56% and a net margin of 3.73%.PHINIA’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. Analysts predict that PHINIA Inc. will post 4.21 EPS for the current year.

PHINIA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a $0.30 dividend. The ex-dividend date is Friday, March 6th. This is a boost from PHINIA’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.8%. PHINIA’s payout ratio is 33.23%.

Analysts Set New Price Targets

PHIN has been the subject of a number of analyst reports. Northland Securities set a $93.00 price objective on shares of PHINIA in a research note on Friday, February 13th. Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Wall Street Zen upgraded shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PHINIA in a research report on Monday, December 29th. Finally, Freedom Capital lowered shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, PHINIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.33.

PHINIA Company Profile

PHINIA Inc engages in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion for commercial and light vehicles, and industrial applications. The company operates through Fuel Systems and Aftermarket segments. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.