Insider Selling: PHINIA Inc. (NYSE:PHIN) VP Sells 400 Shares of Stock

Key Points

• PHINIA Inc. VP Samantha Pombier sold 400 shares of the company's stock for a total of $21,224, decreasing her ownership by 3.58%.
• The company's stock has recently traded up by 2.6%, reaching a price of $56.01, with a 1-year market cap of $2.18 billion.
• PHINIA announced a quarterly dividend of $0.27 per share, with an annualized dividend yield of 1.9% set for payment on September 12th.

PHINIA Inc. (NYSE:PHIN - Get Free Report) VP Samantha Pombier sold 400 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $53.06, for a total transaction of $21,224.00. Following the transaction, the vice president owned 10,785 shares in the company, valued at approximately $572,252.10. This trade represents a 3.58% 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 hyperlink.

PHINIA Stock Down 1.2%

Shares of PHIN stock traded down $0.66 during trading on Friday, hitting $55.23. 295,178 shares of the company were exchanged, compared to its average volume of 476,336. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.36 and a current ratio of 1.86. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 0.50 and a beta of 1.51. The business's 50-day simple moving average is $47.96 and its 200 day simple moving average is $45.59. PHINIA Inc. has a twelve month low of $36.25 and a twelve month high of $57.23.

PHINIA (NYSE:PHIN - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $0.99 by $0.28. The firm had revenue of $890.00 million during the quarter, compared to analysts' expectations of $836.51 million. PHINIA had a net margin of 3.22% and a return on equity of 10.74%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. As a group, analysts forecast that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.08 annualized dividend and a dividend yield of 2.0%. PHINIA's dividend payout ratio is presently 41.70%.

Institutional Investors Weigh In On PHINIA

Several large investors have recently made changes to their positions in PHIN. CX Institutional bought a new stake in shares of PHINIA in the 1st quarter worth about $31,000. EMC Capital Management bought a new stake in shares of PHINIA in the 2nd quarter worth about $39,000. TD Waterhouse Canada Inc. grew its holdings in shares of PHINIA by 350.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company's stock worth $42,000 after purchasing an additional 700 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of PHINIA by 853.0% in the 1st quarter. Brooklyn Investment Group now owns 1,582 shares of the company's stock worth $67,000 after purchasing an additional 1,416 shares during the last quarter. Finally, Traub Capital Management LLC bought a new stake in shares of PHINIA in the 2nd quarter worth about $77,000. Institutional investors own 90.94% of the company's stock.

Wall Street Analyst Weigh In

PHIN has been the topic of several recent research reports. Wall Street Zen raised shares of PHINIA from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Bank of America raised their price target on shares of PHINIA from $53.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Morgan Stanley raised their price target on shares of PHINIA from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Tuesday. UBS Group reiterated a "neutral" rating and issued a $55.00 price objective (up from $52.00) on shares of PHINIA in a research report on Friday, July 25th. Finally, BNP Paribas cut shares of PHINIA from an "outperform" rating to a "neutral" rating and set a $46.00 price objective on the stock. in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $53.17.

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.