Phinia SVP and CIO Matthew Logar sells $83,372 in shares By Investing.com

Matthew Logar, Senior Vice President and Chief Information Officer at PHINIA INC. (), sold 1,257 shares of the company’s common stock on September 10, 2026. The transactions totaled approximately $83,372.

The shares were sold at prices ranging from $66.31 to $66.39 per share, with a weighted average sale price of $66.3264. The stock currently trades at $66.24, down significantly over the past three months, though it remains up nearly 13% over the past year. According to InvestingPro analysis, PHINIA appears undervalued at current levels, with the company trading at a P/E ratio of 21.16 and an attractive PEG ratio of 0.5.

Following these transactions, Mr. Logar beneficially owns 15,576 shares of PHINIA common stock. This total includes 5,710 shares of restricted stock.

In other recent news, Phinia Inc. reported second-quarter 2026 adjusted earnings of $1.53 per share, surpassing Wall Street’s estimate of $1.12. The company also experienced a 5.6% increase in revenue, reaching $940 million. Despite the earnings beat, some investors appeared cautious due to factors like margin pressure and tariff-related items. Additionally, Phinia announced leadership changes effective September 1, 2026, with Pedro Abreu transitioning to President of Power Systems. The company is also renaming its Fuel Systems segment to Power Systems and its Aftermarket segment to Aftermarket Solutions. Daniel Griffin will take over as President of Aftermarket Solutions. These developments reflect Phinia’s strategic adjustments and recent performance.

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