Key Points
- PHINIA SVP Robert Boyle sold 7,500 shares at an average price of $62.12, generating $465,900 and reducing his position by 22.85% to 25,317 shares.
- PHINIA shares opened at $61.87, well below their 50-day and 200-day moving averages of $73.01 and $73.84, respectively. The company recently reported quarterly revenue above expectations but missed EPS estimates by $0.04.
- The company declared a quarterly dividend of $0.30 per share, equivalent to a $1.20 annualized dividend and a 1.9% yield. Analysts maintain a consensus “Moderate Buy” rating with an $86.50 price target, although views range from “Strong Buy” to “Strong Sell.”
PHINIA Inc. (NYSE:PHIN - Get Free Report) SVP Robert Boyle sold 7,500 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $62.12, for a total value of $465,900.00. Following the transaction, the senior vice president owned 25,317 shares of the company's stock, valued at approximately $1,572,692.04. This trade represents a 22.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
PHINIA Stock Performance
Shares of PHINIA stock opened at $61.87 on Friday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 17.73 and a beta of 1.14. The stock's 50-day moving average is $73.01 and its 200-day moving average is $73.84. PHINIA Inc. has a one year low of $50.79 and a one year high of $86.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.81 and a quick ratio of 1.34.
PHINIA (NYSE:PHIN - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.04). PHINIA had a return on equity of 13.86% and a net margin of 3.73%.The firm had revenue of $940.00 million for the quarter, compared to the consensus estimate of $918.83 million. Equities analysts predict that PHINIA Inc. will post 6.18 earnings per share for the current fiscal year.
PHINIA Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. PHINIA's dividend payout ratio (DPR) is currently 34.38%.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Northland Securities set a $98.00 price objective on shares of PHINIA in a research report on Friday, July 31st. KeyCorp assumed coverage on shares of PHINIA in a research report on Friday, June 12th. They issued an "overweight" rating and a $105.00 target price for the company. UBS Group cut their price target on shares of PHINIA from $81.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, July 31st. Wall Street Zen upgraded shares of PHINIA from a "hold" rating to a "buy" rating in a research note on Monday. Finally, Zacks Research cut PHINIA from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, PHINIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.50.
Check Out Our Latest Stock Report on PHINIA
Institutional Investors Weigh In On PHINIA
Institutional investors and hedge funds have recently modified their holdings of the company. Voss Capital LP grew its position 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. Intech Investment Management LLC boosted its stake in PHINIA by 634.1% in the 4th quarter. Intech Investment Management LLC now owns 119,432 shares of the company's stock valued at $7,487,000 after purchasing an additional 103,162 shares during the period. Hillsdale Investment Management Inc. acquired a new position in PHINIA in the 4th quarter valued at $8,639,000. Weiss Asset Management LP grew its holdings in PHINIA by 345.9% in the 1st quarter. Weiss Asset Management LP now owns 72,300 shares of the company's stock valued at $4,948,000 after buying an additional 56,087 shares in the last quarter. Finally, Sei Investments Co. increased its position in PHINIA by 18.5% during the 1st quarter. Sei Investments Co. now owns 181,684 shares of the company's stock worth $12,436,000 after buying an additional 28,409 shares during the period. 90.94% of the stock is owned by institutional investors.
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].
