PHINIA INC.
In the published model solve dated 2026-Q2, anchored at $68.65, PHINIA INC. (PHIN) is priced for +1.6% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• PHINIA makes fuel systems and aftermarket parts for combustion engines, a BorgWarner spinoff where Fuel Systems is about 63% of revenue and the Aftermarket business, which sells replacement parts to independent and dealer channels, is the rest. • The counterintuitive feature is durability: a business many investors write off as a melting ice cube is generating strong free cash flow and buying back stock aggressively, cutting the share count about 5% a year. • The defining risk is the secular o
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375 institutional managers reported holding PHIN in 13F filings for the quarter ended 2026-03-31. 50 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 3.0M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (8.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
It pays a dividend, and has paid one every year in our records (3 and counting), raised 2 years straight; the current rate is $1.08 a share annually. Cash returned over the past three years: $120.00M in dividends and $492.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at PHIN over the trailing three years: 2023: 3 buys totaling $497k; 2024: 4 buys totaling $12k; 2025: 4 buys totaling $720k. 21 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PHIN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2024-02-29 | +10.8% | +20.6% |
| 2024-04-26 | +0.3% | +1.3% |
| 2024-07-31 | +4.6% | +3.4% |
| 2024-11-01 | +3.1% | +5.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PHIN's latest 8-K filings: 2026-08-12 (items 5.02); 2026-07-30 (items 2.02, 9.01); 2026-05-28 (items 5.07); 2026-04-30 (items 2.02, 9.01); 2026-02-12 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.