PHINIA (NYSE:PHIN) SVP Robert Boyle Sells 7,500 Shares of Stock

Key Points

• PHINIA SVP Robert Boyle sold 7,500 shares at an average price of $62.12, totaling $465,900. The sale reduced his holdings by 22.85%, leaving him with 25,317 shares.
• PHINIA reported quarterly earnings of $1.53 per share, slightly below estimates of $1.57, while revenue of $940 million exceeded expectations. The company declared a quarterly dividend of $0.30 per share, representing a 1.9% yield.
• Shares recently traded near $61.87, well below their 52-week high of $86.93. Despite mixed analyst views, PHINIA carries a consensus “Moderate Buy” rating with an average price target of $86.50.

PHINIA Inc. (NYSE:PHIN - Get Free Report) SVP Robert Boyle sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $62.12, for a total value of $465,900.00. Following the sale, the senior vice president owned 25,317 shares in the company, valued at approximately $1,572,692.04. This trade represents a 22.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

PHINIA Trading Up 1.2%

Shares of PHINIA stock traded up $0.72 on Thursday, reaching $61.87. The company had a trading volume of 424,443 shares, compared to its average volume of 383,169. 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 company has a debt-to-equity ratio of 0.63, a current ratio of 1.81 and a quick ratio of 1.34. The firm's 50-day moving average price is $73.35 and its two-hundred day moving average price is $73.92. PHINIA Inc. has a 1 year low of $50.79 and a 1 year high of $86.93.

PHINIA (NYSE:PHIN - Get Free Report) last released its quarterly 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). The company had revenue of $940.00 million for the quarter, compared to analysts' expectations of $918.83 million. PHINIA had a net margin of 3.73% and a return on equity of 13.86%. As a group, research analysts predict that PHINIA Inc. will post 6.18 earnings per share for the current fiscal year.

PHINIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. PHINIA's dividend payout ratio is currently 34.38%.

Institutional Trading of PHINIA

Several institutional investors and hedge funds have recently made changes to their positions in PHIN. Larson Financial Group LLC grew its stake in PHINIA by 151.5% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $27,000 after acquiring an additional 256 shares in the last quarter. Nykredit A S bought a new stake in shares of PHINIA during the second quarter valued at approximately $38,000. Integrated Wealth Concepts LLC purchased a new stake in shares of PHINIA in the second quarter valued at approximately $39,000. Hantz Financial Services Inc. boosted its holdings in shares of PHINIA by 76.7% in the fourth quarter. Hantz Financial Services Inc. now owns 979 shares of the company's stock valued at $61,000 after purchasing an additional 425 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new position in PHINIA in the second quarter worth approximately $84,000. 90.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of PHINIA from a "hold" rating to a "buy" rating in a research note on Monday. UBS Group reduced their price objective 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. KeyCorp initiated coverage on shares of PHINIA in a research note on Friday, June 12th. They issued an "overweight" rating and a $105.00 price objective for the company. Zacks Research lowered PHINIA from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded PHINIA from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.50.

About PHINIA

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.

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