PHINIA (NYSE:PHIN) CFO Sells $900,585.00 in Stock

Key Points

• PHINIA CFO Chris Gropp sold 13,500 shares at an average price of $66.71, generating $900,585. Following the transaction, he retained 43,823 shares, a 23.55% reduction in his position.
• PHINIA reported quarterly revenue of $940 million, exceeding analyst estimates, but earnings per share of $1.53 fell short of the $1.57 consensus. The company also declared a quarterly dividend of $0.30 per share, yielding approximately 1.8% annually.
• Analyst opinions remain mixed, but the stock carries a “Moderate Buy” consensus rating with an average price target of $86.50, compared with a recent trading price near $66.19. Institutional investors own 90.94% of PHINIA’s shares.

PHINIA Inc. (NYSE:PHIN - Get Free Report) CFO Chris Gropp sold 13,500 shares of PHINIA stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $66.71, for a total transaction of $900,585.00. Following the sale, the chief financial officer owned 43,823 shares in the company, valued at $2,923,432.33. This represents a 23.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PHINIA Price Performance

Shares of PHIN stock traded up $0.18 during mid-day trading on Friday, reaching $66.19. The company's stock had a trading volume of 216,460 shares, compared to its average volume of 381,451. PHINIA Inc. has a 1-year low of $50.79 and a 1-year high of $86.93. The company has a market cap of $2.43 billion, a P/E ratio of 18.97 and a beta of 1.14. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.34 and a current ratio of 1.81. The firm's 50-day moving average is $74.53 and its two-hundred day moving average is $74.32.

PHINIA (NYSE:PHIN - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.04). PHINIA had a net margin of 3.73% and a return on equity of 13.86%. The business had revenue of $940.00 million for the quarter, compared to analyst estimates of $918.83 million. On average, research analysts predict that PHINIA Inc. will post 6.18 earnings per share for the current year.

PHINIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 4th. PHINIA's payout ratio is presently 34.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PHIN. California State Teachers Retirement System increased its position in PHINIA by 7,907.8% in 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 acquiring an additional 3,703,554 shares in the last quarter. Lodge Hill Capital LLC grew its stake in shares of PHINIA by 450.8% during the first quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company's stock valued at $162,966,000 after purchasing an additional 1,948,820 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of PHINIA by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,336,499 shares of the company's stock valued at $159,901,000 after purchasing an additional 34,503 shares in the last quarter. Voss Capital LP increased 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 in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of PHINIA by 6.4% in the first quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company's stock valued at $41,462,000 after purchasing an additional 58,875 shares in the last quarter. 90.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group cut their target price on PHINIA from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, July 31st. KeyCorp initiated coverage on PHINIA in a research note on Friday, June 12th. They set an "overweight" rating and a $105.00 price objective for the company. Zacks Research downgraded shares of PHINIA from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of PHINIA from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 1st. Finally, Wall Street Zen cut shares of PHINIA from a "buy" rating to a "hold" rating in a research report on Sunday, September 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, PHINIA 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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