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 sale, the vice president directly owned 6,637 shares in the company, valued at $546,623.32. This trade represents a 25.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

PHINIA Trading Up 4.2%

Shares of NYSE PHIN traded up $3.44 during trading hours on Friday, hitting $85.25. 697,595 shares of the company traded hands, compared to its average volume of 385,751. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 23.81 and a beta of 1.16. The company has a current ratio of 1.82, a quick ratio of 1.32 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average price is $75.08 and its 200 day moving average price is $69.29. PHINIA Inc. has a 12 month low of $41.59 and a 12 month high of $86.65.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.13 by $0.16. The company had revenue of $878.00 million for the quarter, compared to the consensus estimate of $838.67 million. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.PHINIA’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 EPS. On average, equities research analysts anticipate 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. Shareholders of record on Tuesday, June 9th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 9th. PHINIA’s dividend payout ratio is 33.52%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group reissued a “neutral” rating and set a $76.00 price target on shares of PHINIA in a research report on Friday, February 13th. Freedom Capital lowered PHINIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. KeyCorp initiated coverage on PHINIA in a report on Friday. They set an “overweight” rating and a $105.00 target price on the stock. Zacks Research upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings raised PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.83.

Institutional Trading of PHINIA

A number of institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC lifted its holdings in PHINIA by 1.9% during the 4th quarter. ProShare Advisors LLC now owns 7,409 shares of the company’s stock worth $464,000 after buying an additional 141 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV raised its stake in PHINIA by 2.7% during 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 raised its stake in PHINIA by 2.4% during 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 raised its stake in PHINIA by 34.4% during 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 raised its stake in shares of PHINIA by 2.5% during the 4th quarter. Old North State Wealth Management LLC now owns 10,253 shares of the company’s stock worth $643,000 after buying an additional 250 shares in the last quarter. 90.94% of the stock is owned by hedge funds and other 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.