PHINIA Inc. $PHIN Shares Sold by LSV Asset Management

LSV Asset Management decreased its stake in shares of PHINIA Inc. (NYSE:PHIN) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,341,734 shares of the company’s stock after selling 22,800 shares during the quarter. LSV Asset Management’s holdings in PHINIA were worth $84,113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC increased its position 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. EverSource Wealth Advisors LLC increased its position in shares of PHINIA by 34.4% in the third quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock worth $50,000 after acquiring an additional 222 shares in the last quarter. MAI Capital Management increased its position in shares of PHINIA by 845.4% in the third quarter. MAI Capital Management now owns 917 shares of the company’s stock worth $53,000 after acquiring an additional 820 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of PHINIA by 2,529.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,262 shares of the company’s stock worth $79,000 after acquiring an additional 1,214 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of PHINIA in the second quarter worth $60,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PHIN shares. Weiss Ratings lowered shares of PHINIA from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. UBS Group reissued a “neutral” rating and issued a $76.00 price objective on shares of PHINIA in a research report on Friday, February 13th. Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Northland Securities set a $93.00 price objective on shares of PHINIA in a research report on Friday, February 13th. Finally, Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.80.

Insiders Place Their Bets

In related news, VP Neil Fryer sold 624 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $72.75, for a total transaction of $45,396.00. Following the completion of the sale, the vice president directly owned 18,180 shares of the company’s stock, valued at approximately $1,322,595. This trade represents a 3.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher Gustanski sold 3,812 shares of the firm’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 sale, the vice president directly owned 14,871 shares of the company’s stock, valued at approximately $1,081,567.83. The trade was a 20.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.20% of the stock is currently owned by company insiders.

PHINIA Price Performance

PHIN opened at $74.74 on Friday. The company has a fifty day simple moving average of $71.32 and a 200 day simple moving average of $66.66. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 20.88 and a beta of 1.16. PHINIA Inc. has a twelve month low of $41.28 and a twelve month high of $81.11. The company has a current ratio of 1.82, a quick ratio of 1.32 and a debt-to-equity ratio of 0.62.

PHINIA (NYSE:PHIN) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.16. The business had revenue of $878.00 million during the quarter, compared to analyst estimates of $838.67 million. PHINIA had a net margin of 3.96% and a return on equity of 13.23%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. Equities research analysts expect that PHINIA Inc. will post 6.36 EPS for the current fiscal year.

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.