PHINIA (NYSE:PHIN) VP Sells $183,415.72 in Stock

PHINIA Inc. (NYSE:PHIN) VP Samantha Pombier sold 2,227 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $82.36, for a total value of $183,415.72. Following the completion of the sale, the vice president owned 6,637 shares in the company, valued at approximately $546,623.32. This represents a 25.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

PHINIA Stock Up 0.1%

PHIN opened at $85.25 on Monday. The business’s 50-day simple moving average is $75.39 and its 200-day simple moving average is $69.51. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.32 and a current ratio of 1.82. PHINIA Inc. has a one year low of $41.59 and a one year high of $86.65. The stock has a market capitalization of $3.16 billion, a P/E ratio of 23.81 and a beta of 1.16.

PHINIA (NYSE:PHIN) last posted its earnings results on Thursday, April 30th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.16. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.The business had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $838.67 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. Analysts anticipate that PHINIA Inc. will post 6.36 EPS for the current year.

PHINIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, June 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. PHINIA’s payout ratio is 33.52%.

Hedge Funds Weigh In On PHINIA

Several institutional investors have recently added to or reduced their stakes in PHIN. Larson Financial Group LLC increased its position in PHINIA by 151.5% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $27,000 after acquiring an additional 256 shares during the period. Federation des caisses Desjardins du Quebec increased its position in PHINIA by 2,500.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock valued at $49,000 after acquiring an additional 750 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in PHINIA by 34.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock valued at $50,000 after purchasing an additional 222 shares in the last quarter. MAI Capital Management boosted its holdings in PHINIA by 845.4% in the 3rd quarter. MAI Capital Management now owns 917 shares of the company’s stock valued at $53,000 after purchasing an additional 820 shares in the last quarter. Finally, State of Wyoming purchased a new stake in PHINIA in the 2nd quarter valued at approximately $60,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Freedom Capital cut PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Wall Street Zen upgraded PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Zacks Research upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Finally, KeyCorp assumed coverage on PHINIA in a research report on Friday. They set an “overweight” rating and a $105.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $74.83.

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. 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.