Key Points
- PHINIA VP Samantha Pombier sold 1,940 shares on Nov. 14 at an average price of $54.14 for proceeds of about $105,032, reducing her holding by 17.95% to 8,869 shares; the sale was disclosed in an SEC filing.
- Q3 results beat expectations: PHINIA reported EPS of $1.59 versus $1.17 expected and revenue of $908.0M (up 8.2% year-over-year vs. $861.6M expected).
- Dividend announced: a quarterly dividend of $0.27 per share (annualized $1.08, yield 2.1%) with an ex-dividend date of Nov. 24 and a payment date of Dec. 12.
PHINIA Inc. (NYSE:PHIN - Get Free Report) VP Samantha Pombier sold 1,940 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $54.14, for a total value of $105,031.60. Following the completion of the transaction, the vice president owned 8,869 shares in the company, valued at approximately $480,167.66. The trade was a 17.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
PHINIA Trading Down 3.3%
NYSE PHIN opened at $52.48 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.72 and a debt-to-equity ratio of 0.61. PHINIA Inc. has a 52 week low of $36.25 and a 52 week high of $59.88. The business has a 50 day moving average price of $55.12 and a 200-day moving average price of $50.69. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 0.51 and a beta of 1.46.
PHINIA (NYSE:PHIN - Get Free Report) last issued its earnings results on Tuesday, October 28th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.42. PHINIA had a return on equity of 11.64% and a net margin of 2.63%.The company had revenue of $908.00 million for the quarter, compared to analysts' expectations of $861.57 million. During the same period last year, the business earned $1.17 EPS. PHINIA's quarterly revenue was up 8.2% compared to the same quarter last year. PHINIA has set its FY 2025 guidance at EPS. As a group, equities analysts expect that PHINIA Inc. will post 4.21 earnings per share for the current fiscal year.
PHINIA Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, November 24th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, November 24th. PHINIA's dividend payout ratio (DPR) is currently 48.65%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of PHINIA from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. UBS Group cut their price target on PHINIA from $62.00 to $59.00 and set a "neutral" rating for the company in a research note on Wednesday, October 29th. BNP Paribas raised PHINIA from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 3rd. Zacks Research cut PHINIA from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 10th. Finally, Citigroup reiterated a "neutral" rating on shares of PHINIA in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, PHINIA presently has a consensus rating of "Moderate Buy" and an average price target of $56.43.
Check Out Our Latest Stock Analysis on PHIN
Hedge Funds Weigh In On PHINIA
A number of hedge funds and other institutional investors have recently modified their holdings of PHIN. Envestnet Asset Management Inc. grew its holdings in shares of PHINIA by 41.2% in the first quarter. Envestnet Asset Management Inc. now owns 9,701 shares of the company's stock valued at $412,000 after acquiring an additional 2,831 shares in the last quarter. Victory Capital Management Inc. boosted its position in PHINIA by 33.8% in the first quarter. Victory Capital Management Inc. now owns 236,760 shares of the company's stock worth $10,046,000 after purchasing an additional 59,808 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in PHINIA in the 1st quarter valued at $243,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of PHINIA by 173.9% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 53,894 shares of the company's stock valued at $2,287,000 after purchasing an additional 34,221 shares during the last quarter. Finally, One Wealth Advisors LLC bought a new stake in shares of PHINIA during the 1st quarter worth $210,000. Hedge funds and other institutional investors own 90.94% of the company's stock.
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.
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