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

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

PHINIA Stock Performance

NYSE PHIN traded up $3.44 during trading hours on Friday, hitting $85.25. 697,595 shares of the stock were exchanged, compared to its average volume of 385,751. The company has a market cap of $3.16 billion, a price-to-earnings 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. The stock has a 50-day moving average of $75.08 and a 200 day moving average of $69.29. The company has a quick ratio of 1.32, a current ratio of 1.82 and a debt-to-equity ratio of 0.62.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.16. The firm had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $838.67 million. PHINIA had a net margin of 3.96% and a return on equity of 13.23%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. As a group, equities research analysts forecast that PHINIA Inc. will post 6.36 earnings per share for the current year.

PHINIA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PHIN. KeyCorp began coverage on shares of PHINIA in a research note on Friday. They set an “overweight” rating and a $105.00 price target on the stock. Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. UBS Group reaffirmed a “neutral” rating and set a $76.00 price target on shares of PHINIA in a research note on Friday, February 13th. Finally, Northland Securities set a $93.00 price target on shares of PHINIA in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, PHINIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.83.

Institutional Investors Weigh In On PHINIA

Large investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC grew its stake in PHINIA by 1.9% in the 4th quarter. ProShare Advisors LLC now owns 7,409 shares of the company’s stock valued at $464,000 after acquiring an additional 141 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV grew its stake in PHINIA by 2.7% in the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 5,816 shares of the company’s stock valued at $365,000 after acquiring an additional 155 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in PHINIA by 2.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,748 shares of the company’s stock valued at $548,000 after acquiring an additional 207 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake 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 acquiring an additional 222 shares during the last quarter. Finally, Old North State Wealth Management LLC grew its stake in PHINIA by 2.5% in the 4th quarter. Old North State Wealth Management LLC now owns 10,253 shares of the company’s stock valued at $643,000 after acquiring an additional 250 shares during the last quarter. 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.