Insider Selling: PHINIA (NYSE:PHIN) VP Sells $100,762.50 in Stock

PHINIA Inc. (NYSE:PHIN) VP Michael Coetzee sold 1,250 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $80.61, for a total value of $100,762.50. Following the sale, the vice president owned 27,009 shares in the company, valued at $2,177,195.49. The trade was a 4.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

PHINIA Trading Up 0.1%

NYSE PHIN opened at $85.25 on Monday. The stock’s 50-day simple moving average is $75.39 and its two-hundred day simple moving average is $69.51. PHINIA Inc. has a twelve month low of $41.59 and a twelve month high of $86.65. The company has a quick ratio of 1.32, a current ratio of 1.82 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 23.81 and a beta of 1.16.

PHINIA (NYSE:PHIN) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.29 earnings per share for the quarter, beating 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 the consensus estimate of $838.67 million. During the same quarter last year, the business posted $0.94 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Research analysts forecast that PHINIA Inc. will post 6.36 EPS for the current fiscal year.

PHINIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders 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 yield of 1.4%. PHINIA’s dividend payout ratio (DPR) is presently 33.52%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. KeyCorp assumed coverage on PHINIA in a research note on Friday. They set an “overweight” rating and a $105.00 price objective on the stock. Wall Street Zen raised PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Zacks Research raised PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Freedom Capital cut PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Weiss Ratings raised PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Two 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.83.

Institutional Trading of PHINIA

Several large investors have recently modified their holdings of PHIN. Lodge Hill Capital LLC grew its stake in shares of PHINIA by 450.8% in the first quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock worth $162,966,000 after purchasing an additional 1,948,820 shares during the last quarter. ION Fund Management Ltd bought a new stake in shares of PHINIA in the fourth quarter worth about $32,285,000. Freestone Grove Partners LP grew its stake in shares of PHINIA by 1,206.1% in the fourth quarter. Freestone Grove Partners LP now owns 557,097 shares of the company’s stock worth $34,924,000 after purchasing an additional 514,442 shares during the last quarter. UBS Group AG grew its stake in shares of PHINIA by 222.9% in the third quarter. UBS Group AG now owns 466,053 shares of the company’s stock worth $26,789,000 after purchasing an additional 321,708 shares during the last quarter. Finally, Amundi grew its stake in shares of PHINIA by 4,268.6% in the first quarter. Amundi now owns 200,693 shares of the company’s stock worth $13,735,000 after purchasing an additional 196,099 shares during the last quarter. 90.94% of the stock is owned by institutional investors.

About PHINIA

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.