Insider Selling: PHINIA (NYSE:PHIN) VP Sells 2,227 Shares of Stock

PHINIA Inc. (NYSE:PHIN) VP Samantha Pombier sold 2,227 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

PHINIA Price Performance

PHINIA stock traded up $3.44 during mid-day trading on Friday, hitting $85.25. 697,595 shares of the company were exchanged, compared to its average volume of 385,751. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.82 and a quick ratio of 1.32. The business’s 50 day simple moving average is $75.08 and its two-hundred day simple moving average is $69.29. The company has a market capitalization of $3.16 billion, a P/E ratio of 23.81 and a beta of 1.16. PHINIA Inc. has a 12-month low of $41.59 and a 12-month high of $86.65.

PHINIA (NYSE:PHIN) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.16. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.The company had revenue of $878.00 million during 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. PHINIA’s revenue was up 10.3% compared to the same quarter last year. Analysts forecast that PHINIA Inc. will post 6.36 earnings per share for the current fiscal year.

PHINIA Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on PHIN shares. Zacks Research raised PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Freedom Capital lowered PHINIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Northland Securities set a $93.00 price objective on PHINIA in a report on Friday, February 13th. UBS Group reaffirmed a “neutral” rating and set a $76.00 target price on shares of PHINIA in a report on Friday, February 13th. Finally, Weiss Ratings upgraded PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.83.

Institutional Trading of PHINIA

Large investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in PHINIA by 151.5% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $27,000 after purchasing an additional 256 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in PHINIA by 2,500.0% during the fourth 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 lifted its stake in shares of PHINIA by 34.4% in the third quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock valued at $50,000 after buying an additional 222 shares during the period. MAI Capital Management lifted its stake in shares of PHINIA by 845.4% in the third quarter. MAI Capital Management now owns 917 shares of the company’s stock valued at $53,000 after buying an additional 820 shares during the period. Finally, State of Wyoming bought a new position in PHINIA during the second quarter worth about $60,000. 90.94% of the stock is owned by institutional investors and hedge funds.

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.