PHINIA Inc. VP Neto de Abreu Pedro Rui Buys Shares
Neto de Abreu Pedro Rui adds 31 shares to his holdings at PHINIA Inc.
Key Points
- Neto de Abreu Pedro Rui, VP and Chief Strategy Officer at PHINIA Inc., purchased 31 shares on June 23, 2026.
- PHINIA Inc. (NYSE:PHIN) shares traded near $83.49 on Friday with a market cap of approximately $3.01 billion.
- Keybanc initiated coverage on June 12, 2026, with a 'buy' rating and a $105.00 price target.
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Neto de Abreu Pedro Rui, the Vice President and Chief Strategy Officer at PHINIA Inc., purchased 31 shares of the company on June 23, 2026. This insider transaction adds to his existing holdings at the auto parts manufacturer, which specializes in fuel systems and aftermarket products.
PHINIA Inc. Stock Up 23.8%
Shares of NYSE:PHIN traded near $83.49 on Friday. PHINIA Inc. has a market capitalization of about $3.01 billion. The company's P/E ratio stands at 22.78, with a forward P/E of 12.06, and it has a beta of 1.103. Over the past year, the stock has seen a low of $41.59 and a high of $86.94. Its 50-day moving average is $76.40, while the 200-day moving average is $65.64. The company maintains a current ratio of 1.83 and a quick ratio of 1.18 with a debt-to-equity ratio of 67.08.
$PHIN stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at PHINIA Inc.
On June 23, 2026, several insiders at PHINIA Inc. made purchases. Besides Neto de Abreu Pedro Rui, other insiders like Dori Sebastian, VP and CPO, bought 25 shares, while President and CEO Ericson Brady acquired 523 shares. Matthew Logar, SVP and CIO, added 44 shares. These transactions were not part of a pre-arranged trading plan.
Analysts Set New Price Targets
On June 12, 2026, Keybanc initiated coverage of PHINIA Inc. with a 'buy' rating and a price target of $105.00. The consensus among analysts is a 'buy' recommendation, with a mean target price of $92.00 based on opinions from five analysts.
About PHINIA Inc.
PHINIA Inc., based in Auburn Hills, Michigan, designs and manufactures integrated components and systems for the automotive industry. The company operates through its Fuel Systems and Aftermarket segments, providing advanced fuel injection systems and maintenance solutions. It serves a variety of vehicles, including commercial and light passenger vehicles, and is led by CEO Brady D. Ericson.
Bottom Line
Neto de Abreu Pedro Rui's purchase of PHINIA Inc. shares highlights ongoing insider confidence in the company. Investors keep an eye on such moves as they can offer insights into the company's prospects. It's important to remember that insider transactions are reported after the fact and may not reflect current positions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.