PHINIA Inc. (NYSE:PHIN - Get Free Report) VP Sebastian Dori sold 409 shares of the firm's stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $41.00, for a total value of $16,769.00. Following the sale, the vice president now directly owns 20,162 shares of the company's stock, valued at approximately $826,642. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
PHINIA Stock Performance
NYSE PHIN opened at $42.32 on Tuesday. The business has a 50 day simple moving average of $37.56 and a 200 day simple moving average of $31.64. PHINIA Inc. has a one year low of $23.46 and a one year high of $42.81. The company has a quick ratio of 1.27, a current ratio of 1.71 and a debt-to-equity ratio of 0.38.
PHINIA (NYSE:PHIN - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.74 by $0.34. PHINIA had a return on equity of 7.52% and a net margin of 3.06%. The business had revenue of $863.00 million during the quarter, compared to analysts' expectations of $800.00 million. The business's quarterly revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate that PHINIA Inc. will post 4.05 earnings per share for the current fiscal year.
Institutional Investors Weigh In On PHINIA
Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS
From Paradigm Press | Ad
You might have seen that Bitcoin was one of the best performing assets of 2023.
It gained 164%.
But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin.
He found something better.
Click here to find out that this 8,788% cryptocurrency is.
A number of hedge funds have recently added to or reduced their stakes in PHIN. Commonwealth Equity Services LLC acquired a new stake in PHINIA in the third quarter valued at approximately $407,000. Maryland State Retirement & Pension System acquired a new stake in PHINIA in the third quarter valued at approximately $559,000. Bank of New York Mellon Corp acquired a new stake in PHINIA in the third quarter valued at approximately $8,709,000. New York State Teachers Retirement System acquired a new stake in PHINIA in the third quarter valued at approximately $2,004,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in PHINIA in the third quarter valued at approximately $217,000. Institutional investors and hedge funds own 90.94% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley began coverage on PHINIA in a research note on Monday, March 11th. They set an "overweight" rating and a $50.00 target price for the company.
View Our Latest Analysis on PHINIA
PHINIA Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
