Aristides Capital LLC Takes Position in PHINIA Inc. $PHIN

Aristides Capital LLC purchased a new position in shares of PHINIA Inc. (NYSE:PHIN) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 5,528 shares of the company’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. EMC Capital Management acquired a new stake in PHINIA in the second quarter valued at approximately $39,000. TD Waterhouse Canada Inc. lifted its holdings 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 in the last quarter. Brooklyn Investment Group grew its position in PHINIA by 853.0% in the 1st quarter. Brooklyn Investment Group now owns 1,582 shares of the company’s stock valued at $67,000 after purchasing an additional 1,416 shares during the period. Traub Capital Management LLC bought a new stake in PHINIA during the 2nd quarter valued at $77,000. Finally, Advisors Asset Management Inc. acquired a new position in PHINIA during the first quarter worth $220,000. Institutional investors own 90.94% of the company’s stock.

Analyst Upgrades and Downgrades

PHIN has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of PHINIA in a research report on Tuesday. BNP Paribas upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Morgan Stanley increased their price objective on PHINIA from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Citigroup restated a “neutral” rating on shares of PHINIA in a report on Tuesday, October 14th. Finally, BNP Paribas Exane upgraded PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 price target for the company in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.43.

Insider Buying and Selling at PHINIA

In other PHINIA news, VP Samantha Pombier sold 1,940 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $54.14, for a total transaction of $105,031.60. Following the completion of the transaction, the vice president directly owned 8,869 shares of the company’s stock, valued at approximately $480,167.66. This represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Hongyong Yang sold 893 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $52.43, for a total value of $46,819.99. Additional details regarding this sale are available in the official SEC disclosure. 2.00% of the stock is currently owned by corporate insiders.

PHINIA Price Performance

Shares of NYSE:PHIN opened at $54.31 on Thursday. The company has a market capitalization of $2.09 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 0.51 and a beta of 1.45. The company’s 50-day moving average is $54.44 and its 200 day moving average is $51.19. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.72. PHINIA Inc. has a fifty-two week low of $36.25 and a fifty-two week high of $59.88.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.17 by $0.42. The business had revenue of $908.00 million for the quarter, compared to analyst estimates of $861.57 million. PHINIA had a net margin of 2.63% and a return on equity of 11.64%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. PHINIA has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that PHINIA Inc. will post 4.21 earnings per share for the current year.

PHINIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, November 24th will be paid a $0.27 dividend. The ex-dividend date is Monday, November 24th. This represents a $1.08 annualized dividend and a yield of 2.0%. PHINIA’s dividend payout ratio is presently 48.65%.

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.