PHINIA (NYSE:PHIN) SVP Sells $83,376.81 in Stock

Key Points

• PHINIA SVP Matthew Logar sold 1,257 shares at an average price of $66.33, generating $83,376.81 and reducing his direct ownership by 7.47% to 15,576 shares.
• PHIN shares traded near $66.19, well below their 50-day and 200-day moving averages of roughly $74.50. The company recently reported quarterly EPS of $1.53, slightly below estimates, while revenue exceeded expectations.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $86.50; PHINIA also declared a quarterly dividend of $0.30 per share, equivalent to a 1.8% yield.

PHINIA Inc. (NYSE:PHIN - Get Free Report) SVP Matthew Logar sold 1,257 shares of the firm's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $66.33, for a total transaction of $83,376.81. Following the completion of the transaction, the senior vice president directly owned 15,576 shares of the company's stock, valued at approximately $1,033,156.08. The trade was a 7.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

PHINIA Price Performance

Shares of PHIN traded up $0.18 during mid-day trading on Friday, reaching $66.19. 216,460 shares of the stock traded hands, compared to its average volume of 381,451. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 18.97 and a beta of 1.14. PHINIA Inc. has a 1 year low of $50.79 and a 1 year high of $86.93. The firm has a fifty day moving average price of $74.53 and a 200 day moving average price of $74.32. The company has a current ratio of 1.81, a quick ratio of 1.34 and a debt-to-equity ratio of 0.63.

PHINIA (NYSE:PHIN - Get Free Report) last issued 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). The business 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%. As a group, equities research analysts predict that PHINIA Inc. will post 6.18 earnings per share for the current 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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, September 4th. PHINIA's dividend payout ratio (DPR) is 34.38%.

Wall Street Analyst Weigh In

PHIN has been the topic of several research analyst reports. Northland Securities set a $98.00 price objective on shares of PHINIA in a research report on Friday, July 31st. Wall Street Zen lowered shares of PHINIA from a "buy" rating to a "hold" rating in a report on Sunday, September 6th. UBS Group dropped their price objective on shares of PHINIA from $81.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Weiss Ratings raised PHINIA from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 1st. Finally, Zacks Research downgraded PHINIA from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $86.50.

Hedge Funds Weigh In On PHINIA

Institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System grew its holdings in shares of PHINIA by 7,907.8% in the second quarter. California State Teachers Retirement System now owns 3,750,388 shares of the company's stock worth $308,919,000 after purchasing an additional 3,703,554 shares during the last quarter. Lodge Hill Capital LLC raised its holdings in PHINIA by 450.8% during the 1st quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company's stock valued at $162,966,000 after buying an additional 1,948,820 shares during the last quarter. ION Fund Management Ltd purchased a new stake in PHINIA during the 4th quarter valued at $32,285,000. Freestone Grove Partners LP boosted its position in PHINIA by 1,206.1% during the 4th quarter. Freestone Grove Partners LP now owns 557,097 shares of the company's stock valued at $34,924,000 after buying an additional 514,442 shares during the period. Finally, UBS Group AG grew its holdings in PHINIA by 222.9% in the 3rd quarter. UBS Group AG now owns 466,053 shares of the company's stock worth $26,789,000 after acquiring an additional 321,708 shares during the last quarter. Institutional investors own 90.94% of the company's stock.

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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