Insider Selling: PHINIA (NYSE:PHIN) VP Sells 2,097 Shares of Stock

Key Points

• PHINIA VP Christopher Gustanski sold 2,097 shares at an average price of $66.97, generating approximately $140,436. He retained 11,301 shares, a 15.65% reduction in his direct ownership.
• PHINIA recently reported quarterly EPS of $1.53, slightly below the $1.57 consensus estimate, while revenue of $940 million exceeded expectations. The company also declared a quarterly dividend of $0.30 per share, representing a 1.8% annualized yield.
• Shares traded near $66.19, below their 50- and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus with an average price target of $86.50, though ratings range from “Strong Sell” to “Overweight.”

PHINIA Inc. (NYSE:PHIN - Get Free Report) VP Christopher Gustanski sold 2,097 shares of the business's stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $66.97, for a total value of $140,436.09. Following the completion of the transaction, the vice president directly owned 11,301 shares in the company, valued at approximately $756,827.97. This represents a 15.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

PHINIA Price Performance

PHIN traded up $0.18 during trading on Friday, reaching $66.19. 216,460 shares of the company traded hands, compared to its average volume of 381,451. The company has a market cap of $2.43 billion, a P/E ratio of 18.97 and a beta of 1.14. The firm has a fifty day simple moving average of $74.53 and a 200 day simple moving average of $74.32. PHINIA Inc. has a 12-month low of $50.79 and a 12-month high of $86.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.34 and a current ratio of 1.81.

PHINIA (NYSE:PHIN - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.04). The company had revenue of $940.00 million during the quarter, compared to analysts' expectations of $918.83 million. PHINIA had a return on equity of 13.86% and a net margin of 3.73%. On average, equities analysts forecast that PHINIA Inc. will post 6.18 EPS for the current year.

PHINIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid 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 dividend payout ratio is presently 34.38%.

Institutional Investors Weigh In On PHINIA

Large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its position in PHINIA by 11.7% during the second quarter. Tidal Investments LLC now owns 8,699 shares of the company's stock valued at $717,000 after purchasing an additional 914 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of PHINIA in the 2nd quarter worth approximately $39,000. Nykredit A S bought a new position in shares of PHINIA during the 2nd quarter valued at approximately $38,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of PHINIA during the 2nd quarter valued at approximately $346,000. Finally, California State Teachers Retirement System raised its holdings in PHINIA by 7,907.8% during the 2nd 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 period. 90.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PHIN. Zacks Research cut PHINIA from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Northland Securities set a $98.00 target price on shares of PHINIA in a report on Friday, July 31st. UBS Group reduced 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 downgraded shares of PHINIA from a "buy" rating to a "hold" rating in a research note on Sunday, September 6th. Finally, KeyCorp assumed coverage on shares of PHINIA in a research note on Friday, June 12th. They set an "overweight" rating and a $105.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $86.50.

PHINIA Company Profile

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.

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