PHINIA Inc. $PHIN Position Boosted by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC increased its position in PHINIA Inc. (NYSE:PHIN) by 55,494.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,563 shares of the company’s stock after purchasing an additional 10,544 shares during the period. Measured Wealth Private Client Group LLC’s holdings in PHINIA were worth $723,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC lifted its holdings in PHINIA by 1.9% during the 4th quarter. ProShare Advisors LLC now owns 7,409 shares of the company’s stock worth $464,000 after buying an additional 141 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV raised its position in shares of PHINIA by 2.7% during the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 5,816 shares of the company’s stock valued at $365,000 after acquiring an additional 155 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of PHINIA by 2.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,748 shares of the company’s stock valued at $548,000 after acquiring an additional 207 shares in the last quarter. Old North State Wealth Management LLC raised its position in shares of PHINIA by 2.5% during the 4th quarter. Old North State Wealth Management LLC now owns 10,253 shares of the company’s stock valued at $643,000 after acquiring an additional 250 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in PHINIA by 151.5% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $27,000 after purchasing an additional 256 shares during the last quarter. 90.94% of the stock is owned by institutional investors.

PHINIA Trading Up 0.6%

PHINIA stock opened at $79.65 on Thursday. PHINIA Inc. has a 52-week low of $47.83 and a 52-week high of $86.93. The company has a quick ratio of 1.32, a current ratio of 1.82 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 22.25 and a beta of 1.13. The firm has a 50-day moving average price of $79.07 and a two-hundred day moving average price of $73.82.

PHINIA (NYSE:PHIN) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.16. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.The business had revenue of $878.00 million during the quarter, compared to the consensus estimate of $838.67 million. During the same period in the previous year, the firm posted $0.94 earnings per share. The business’s revenue was up 10.3% on a year-over-year basis. Sell-side analysts expect that PHINIA Inc. will post 6.24 earnings per share for the current year.

PHINIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Tuesday, June 9th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.20 annualized dividend and a yield of 1.5%. PHINIA’s dividend payout ratio is presently 33.52%.

Insider Transactions at PHINIA

In other PHINIA news, VP Samantha Pombier sold 2,227 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $82.36, for a total value of $183,415.72. Following the completion of the sale, the vice president directly owned 6,637 shares in the company, valued at $546,623.32. This represents a 25.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Michael Coetzee sold 1,250 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $80.61, for a total value of $100,762.50. Following the transaction, the vice president directly owned 27,009 shares of the company’s stock, valued at approximately $2,177,195.49. The trade was a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PHIN shares. Weiss Ratings raised shares of PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 8th. Zacks Research lowered shares of PHINIA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. KeyCorp began coverage on shares of PHINIA in a research report on Friday, June 12th. They set an “overweight” rating and a $105.00 price objective for the company. UBS Group increased their price objective on shares of PHINIA from $76.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen raised PHINIA from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.67.

About PHINIA

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.