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 shares were sold at an average price of $80.61, for a total transaction of $100,762.50. Following the completion of the sale, the vice president directly owned 27,009 shares in the company, valued at approximately $2,177,195.49. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

PHINIA Price Performance

NYSE PHIN traded up $3.44 during trading hours on Friday, reaching $85.25. The company’s stock had a trading volume of 697,595 shares, compared to its average volume of 385,751. The stock has a market cap of $3.16 billion, a PE ratio of 23.81 and a beta of 1.16. PHINIA Inc. has a fifty-two week low of $41.59 and a fifty-two week high of $86.65. The company’s 50-day moving average is $75.08 and its two-hundred day moving average is $69.29. 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 (NYSE:PHIN) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.16. The firm had revenue of $878.00 million for 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 was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 EPS. Analysts forecast 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. Shareholders of record on Tuesday, June 9th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, June 9th. PHINIA’s dividend payout ratio is 33.52%.

Institutional Investors Weigh In On PHINIA

Hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC boosted its position in shares of PHINIA by 151.5% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $27,000 after acquiring an additional 256 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its position in shares of PHINIA by 2,500.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock worth $49,000 after acquiring an additional 750 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of PHINIA by 34.4% in the third quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock worth $50,000 after acquiring an additional 222 shares during the last quarter. MAI Capital Management boosted its position in shares of PHINIA by 845.4% in the third quarter. MAI Capital Management now owns 917 shares of the company’s stock worth $53,000 after acquiring an additional 820 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of PHINIA in the second quarter worth approximately $60,000. 90.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on PHIN. Wall Street Zen upgraded shares of PHINIA from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Zacks Research upgraded shares of PHINIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Northland Securities set a $93.00 target price on shares of PHINIA in a report on Friday, February 13th. KeyCorp began coverage on shares of PHINIA in a report on Friday. They issued an “overweight” rating and a $105.00 target price on the stock. Finally, Weiss Ratings upgraded shares of PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.