Key Points
- PHINIA CFO Chris Gropp sold 13,500 shares at an average price of $66.71, generating $900,585 and reducing his direct ownership by 23.55% to 43,823 shares.
- PHINIA’s latest quarterly revenue of $940 million exceeded estimates, but earnings per share of $1.53 fell short of the $1.57 consensus forecast. The company expects full-year EPS of $6.18.
- The company declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $86.50, despite mixed recent rating changes.
PHINIA Inc. (NYSE:PHIN - Get Free Report) SVP Matthew Logar sold 1,257 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $66.33, for a total value of $83,376.81. Following the completion of the sale, the senior vice president owned 15,576 shares of the company's stock, valued at approximately $1,033,156.08. This trade represents a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
PHINIA Trading Up 0.3%
Shares of PHIN stock opened at $66.19 on Friday. PHINIA Inc. has a 12 month low of $50.79 and a 12 month high of $86.93. The company has a quick ratio of 1.34, a current ratio of 1.81 and a debt-to-equity ratio of 0.63. The business's 50 day moving average is $74.34 and its two-hundred day moving average is $74.26. The company has a market cap of $2.43 billion, a PE ratio of 18.97 and a beta of 1.14.
PHINIA (NYSE:PHIN - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.53 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.04). The firm had revenue of $940.00 million during the quarter, compared to analyst estimates of $918.83 million. PHINIA had a return on equity of 13.86% and a net margin of 3.73%. Equities analysts predict that PHINIA Inc. will post 6.18 EPS for the current year.
PHINIA Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. PHINIA's payout ratio is currently 34.38%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on PHIN shares. Weiss Ratings upgraded PHINIA from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 1st. Wall Street Zen lowered PHINIA from a "buy" rating to a "hold" rating in a report on Sunday, September 6th. Northland Securities set a $98.00 price target on PHINIA in a research report on Friday, July 31st. Zacks Research cut PHINIA from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. Finally, UBS Group lowered their price objective on shares of PHINIA from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $86.50.
View Our Latest Stock Report on PHINIA
Hedge Funds Weigh In On PHINIA
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voss Capital LP raised its holdings in PHINIA by 2.8% in the 4th quarter. Voss Capital LP now owns 1,727,468 shares of the company's stock valued at $108,295,000 after acquiring an additional 47,468 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of PHINIA by 634.1% during the 4th quarter. Intech Investment Management LLC now owns 119,432 shares of the company's stock worth $7,487,000 after purchasing an additional 103,162 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of PHINIA during the 4th quarter worth approximately $8,639,000. Weiss Asset Management LP increased its position in shares of PHINIA by 345.9% during the first quarter. Weiss Asset Management LP now owns 72,300 shares of the company's stock valued at $4,948,000 after purchasing an additional 56,087 shares during the period. Finally, Sei Investments Co. raised its stake in shares of PHINIA by 18.5% in the first quarter. Sei Investments Co. now owns 181,684 shares of the company's stock valued at $12,436,000 after purchasing an additional 28,409 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors.
About PHINIA
(
Get Free Report)
PHINIA Inc (NYSE: PHIN) is a global supplier of fuel systems, electrical systems and aftermarket products for commercial vehicles, passenger vehicles and industrial applications. The company's products are designed to support internal-combustion, hybrid and other powertrain technologies.
Its product portfolio includes fuel injectors, fuel pumps, fuel modules, electronic control units, sensors, actuators, ignition components, starters and alternators. PHINIA also provides replacement parts, diagnostic equipment and related service solutions through its aftermarket business, which serves original-equipment and independent repair channels.
PHINIA was established as an independent public company in 2023 through the separation of BorgWarner's fuel systems and aftermarket businesses.
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