Key Points
- PHINIA VP Hongyong Yang sold 893 shares on November 19 at an average price of $52.43 for a total of $46,819.99, a transaction disclosed in an SEC filing.
- Strong quarter: PHINIA reported $1.59 EPS versus $1.17 expected and revenue of $908.0M versus $861.6M, with revenue up 8.2% year-over-year.
- Dividend and market outlook: PHINIA declared a $0.27 quarterly dividend (annualized $1.08, ~2.0% yield) payable December 12 with an ex-dividend/record date of November 24, while institutional investors own ~90.9% and the consensus rating is a "Moderate Buy" with an average target of $56.43.
PHINIA Inc. (NYSE:PHIN - Get Free Report) VP Hongyong Yang sold 893 shares of PHINIA stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $52.43, for a total transaction of $46,819.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
PHINIA Price Performance
Shares of PHIN traded up $1.76 during trading hours on Friday, hitting $53.30. 102,602 shares of the company were exchanged, compared to its average volume of 477,000. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.72 and a quick ratio of 1.25. The company has a market capitalization of $2.05 billion, a PE ratio of 24.01, a PEG ratio of 0.50 and a beta of 1.45. The firm has a fifty day simple moving average of $54.75 and a 200-day simple moving average of $50.78. PHINIA Inc. has a one year low of $36.25 and a one year high of $59.88.
PHINIA (NYSE:PHIN - Get Free Report) last announced its earnings results on Tuesday, October 28th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.17 by $0.42. PHINIA had a return on equity of 11.64% and a net margin of 2.63%.The business had revenue of $908.00 million during the quarter, compared to the consensus estimate of $861.57 million. During the same period in the prior year, the business posted $1.17 earnings per share. PHINIA's revenue was up 8.2% compared to the same quarter last year. PHINIA has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that PHINIA Inc. will post 4.21 earnings per share for the current year.
PHINIA Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, November 24th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, November 24th. PHINIA's dividend payout ratio (DPR) is presently 48.65%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on PHIN. Citigroup restated a "neutral" rating on shares of PHINIA in a report on Tuesday, October 14th. Zacks Research downgraded shares of PHINIA from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 10th. BNP Paribas upgraded PHINIA from a "hold" rating to a "strong-buy" rating in a report on Monday, November 3rd. UBS Group dropped their price target on PHINIA from $62.00 to $59.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 29th. Finally, BNP Paribas Exane upgraded PHINIA from a "neutral" rating to an "outperform" rating and set a $63.00 price objective for the company in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $56.43.
View Our Latest Research Report on PHIN
Institutional Investors Weigh In On PHINIA
Several large investors have recently made changes to their positions in the company. Voss Capital LP increased its holdings in PHINIA by 10.8% in the second quarter. Voss Capital LP now owns 2,290,000 shares of the company's stock worth $101,882,000 after buying an additional 222,658 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PHINIA by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,256,782 shares of the company's stock worth $129,719,000 after purchasing an additional 10,750 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of PHINIA by 4.7% during the 3rd quarter. American Century Companies Inc. now owns 1,641,916 shares of the company's stock valued at $94,377,000 after purchasing an additional 74,430 shares in the last quarter. LSV Asset Management lifted its stake in shares of PHINIA by 13.8% in the 3rd quarter. LSV Asset Management now owns 1,364,534 shares of the company's stock valued at $78,433,000 after purchasing an additional 165,316 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of PHINIA by 6.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company's stock valued at $41,462,000 after purchasing an additional 58,875 shares during the last quarter. Institutional investors own 90.94% of the company's stock.
About PHINIA
(
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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