Key Points
- PHINIA VP Todd Anderson sold 3,056 shares at an average price of $66.41, totaling $202,948.96 and reducing his stake by 10.26% to 26,736 shares.
- PHINIA shares opened at $62.85, down 5.1%, after the company slightly missed quarterly EPS estimates ($1.53 versus $1.57) despite reporting revenue above expectations.
- The company declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 1.9% yield; analysts maintain a “Moderate Buy” consensus with an $86.50 price target.
PHINIA Inc. (NYSE:PHIN - Get Free Report) VP Todd Anderson sold 3,056 shares of PHINIA stock in a transaction on Friday, September 11th. The shares were sold at an average price of $66.41, for a total transaction of $202,948.96. Following the completion of the sale, the vice president owned 26,736 shares of the company's stock, valued at $1,775,537.76. This represents a 10.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
PHINIA Stock Down 5.1%
PHINIA stock opened at $62.85 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.81 and a debt-to-equity ratio of 0.63. PHINIA Inc. has a 12-month low of $50.79 and a 12-month high of $86.93. The firm's fifty day moving average is $74.01 and its 200 day moving average is $74.13. The company has a market capitalization of $2.30 billion, a PE ratio of 18.01 and a beta of 1.14.
PHINIA (NYSE:PHIN - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.04). The company had revenue of $940.00 million for the quarter, compared to the consensus estimate of $918.83 million. PHINIA had a return on equity of 13.86% and a net margin of 3.73%. As a group, sell-side analysts predict that PHINIA Inc. will post 6.18 EPS for the current fiscal year.
PHINIA Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. PHINIA's dividend payout ratio is 34.38%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in PHIN. California State Teachers Retirement System boosted its position in shares of PHINIA by 7,907.8% during the second quarter. California State Teachers Retirement System now owns 3,750,388 shares of the company's stock valued at $308,919,000 after buying an additional 3,703,554 shares during the last quarter. Lodge Hill Capital LLC grew its stake in shares of PHINIA by 450.8% in the 1st quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company's stock worth $162,966,000 after acquiring an additional 1,948,820 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of PHINIA by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,336,499 shares of the company's stock worth $159,901,000 after acquiring an additional 34,503 shares in the last quarter. Voss Capital LP raised its holdings in shares of PHINIA by 2.8% in the fourth quarter. Voss Capital LP now owns 1,727,468 shares of the company's stock valued at $108,295,000 after purchasing an additional 47,468 shares during the last quarter. Finally, Prevatt Capital Ltd raised its holdings in shares of PHINIA by 18.8% in the first quarter. Prevatt Capital Ltd now owns 380,000 shares of the company's stock valued at $26,007,000 after purchasing an additional 60,000 shares during the last quarter. 90.94% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several 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. KeyCorp began coverage on PHINIA in a research note on Friday, June 12th. They set an "overweight" rating and a $105.00 price target on the stock. UBS Group cut their price target on PHINIA from $81.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Zacks Research cut PHINIA from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. Finally, Wall Street Zen upgraded PHINIA from a "hold" rating to a "buy" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.50.
Get Our Latest Stock Report on PHINIA
PHINIA Company Profile
(
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.
Recommended Stories
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. Please send any questions or comments about this story to [email protected].
