Samantha Pombier Sells 2,227 Shares of PHINIA (NYSE:PHIN) Stock

PHINIA Inc. (NYSE:PHINGet Free Report) VP Samantha Pombier sold 2,227 shares of PHINIA stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $82.36, for a total transaction of $183,415.72. Following the sale, the vice president directly owned 6,637 shares in the company, valued at approximately $546,623.32. The trade was a 25.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PHINIA Trading Up 4.2%

Shares of PHINIA stock opened at $85.25 on Friday. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 23.81 and a beta of 1.16. PHINIA Inc. has a fifty-two week low of $41.59 and a fifty-two week high of $86.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.32 and a current ratio of 1.82. The stock has a 50 day moving average of $75.39 and a 200 day moving average of $69.40.

PHINIA (NYSE:PHINGet Free Report) last posted its earnings results on Thursday, April 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.16. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.The company had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $838.67 million. During the same quarter last year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, research analysts predict that PHINIA Inc. will post 6.36 earnings per share for the current year.

PHINIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Tuesday, June 9th 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 1.4%. The ex-dividend date of this dividend is Tuesday, June 9th. PHINIA’s dividend payout ratio (DPR) is presently 33.52%.

Institutional Investors Weigh In On PHINIA

Several institutional investors and hedge funds have recently modified their holdings of PHIN. Royal Bank of Canada boosted its holdings in PHINIA by 464.8% during the 1st quarter. Royal Bank of Canada now owns 75,745 shares of the company’s stock valued at $3,214,000 after acquiring an additional 62,333 shares during the period. AQR Capital Management LLC increased its stake in PHINIA by 62.3% during the first quarter. AQR Capital Management LLC now owns 22,343 shares of the company’s stock worth $938,000 after purchasing an additional 8,576 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in PHINIA by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,891 shares of the company’s stock worth $1,056,000 after purchasing an additional 1,093 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of PHINIA by 6.4% during the first quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock worth $41,462,000 after purchasing an additional 58,875 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of PHINIA by 7.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,270 shares of the company’s stock worth $4,000,000 after purchasing an additional 6,478 shares in the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PHIN. Freedom Capital cut shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Weiss Ratings upgraded shares of PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. KeyCorp began coverage on shares of PHINIA in a report on Friday. They issued an “overweight” rating and a $105.00 price objective on the stock. Finally, Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $74.83.

View Our Latest Report on PHIN

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. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.

See Also

Receive News & Ratings for PHINIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PHINIA and related companies with MarketBeat.com's FREE daily email newsletter.