Sebastian Dori Sells 409 Shares of PHINIA Inc. (NYSE:PHIN) Stock

PHINIA Inc. (NYSE:PHIN) VP Sebastian Dori sold 409 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $41.00, for a total value of $16,769.00. Following the completion of the sale, the vice president now owns 20,162 shares of the company’s stock, valued at $826,642. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

PHINIA Stock Up 0.5 %

PHIN stock opened at $42.52 on Wednesday. The company’s 50-day moving average price is $37.73 and its two-hundred day moving average price is $31.76. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.71 and a quick ratio of 1.27. PHINIA Inc. has a 12 month low of $23.46 and a 12 month high of $42.87.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.34. PHINIA had a net margin of 3.06% and a return on equity of 7.52%. The business had revenue of $863.00 million for the quarter, compared to analysts’ expectations of $800.00 million. PHINIA’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts predict that PHINIA Inc. will post 4.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley initiated coverage on PHINIA in a report on Monday, March 11th. They issued an “overweight” rating and a $50.00 price objective for the company.

Hedge Funds Weigh In On PHINIA

A number of institutional investors have recently modified their holdings of PHIN. Oakworth Capital Inc. bought a new position in PHINIA in the third quarter valued at about $27,000. Whittier Trust Co. bought a new stake in shares of PHINIA during the 3rd quarter valued at approximately $29,000. Parkside Financial Bank & Trust increased its position in PHINIA by 816.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 990 shares of the company’s stock worth $30,000 after purchasing an additional 882 shares in the last quarter. Truvestments Capital LLC bought a new position in PHINIA in the 3rd quarter valued at approximately $35,000. Finally, Quarry LP acquired a new stake in PHINIA in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

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.