PHINIA (NYSE:PHIN) VP Neil Fryer Sells 624 Shares

Key Points

• PHINIA VP Neil Fryer sold 624 shares on March 4 at an average price of $72.75 for a total of $45,396, leaving him with 18,180 shares (a 3.32% reduction in his position).
• In the latest quarter PHINIA reported $1.18 EPS, missing consensus by $0.17 while revenue of $889 million beat estimates and rose 6.7% year-over-year; analysts expect full-year EPS of about 4.21.
• The company increased its quarterly dividend to $0.30 (annualized $1.20), implying a roughly 1.8% yield, with an ex-dividend date of March 6 and payment on March 20.

PHINIA Inc. (NYSE:PHIN - Get Free Report) VP Neil Fryer sold 624 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $72.75, for a total transaction of $45,396.00. Following the transaction, the vice president owned 18,180 shares of the company's stock, valued at approximately $1,322,595. This trade represents a 3.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

PHINIA Stock Performance

PHINIA stock traded down $2.32 during mid-day trading on Friday, reaching $67.22. 401,896 shares of the company traded hands, compared to its average volume of 440,491. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.36. The firm's fifty day moving average is $70.69 and its two-hundred day moving average is $61.07. PHINIA Inc. has a fifty-two week low of $36.25 and a fifty-two week high of $81.11. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 20.68 and a beta of 1.36.

PHINIA (NYSE:PHIN - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.17). The company had revenue of $889.00 million during the quarter, compared to analyst estimates of $843.59 million. PHINIA had a net margin of 3.73% and a return on equity of 12.56%. The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. On average, equities research analysts expect that PHINIA Inc. will post 4.21 earnings per share for the current fiscal year.

PHINIA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be issued a $0.30 dividend. This is an increase from PHINIA's previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, March 6th. PHINIA's payout ratio is currently 33.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PHIN shares. Wall Street Zen upgraded PHINIA from a "buy" rating to a "strong-buy" rating in a report on Sunday, February 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of PHINIA in a report on Monday, December 29th. Freedom Capital downgraded PHINIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 26th. UBS Group reissued a "neutral" rating and issued a $76.00 price objective on shares of PHINIA in a report on Friday, February 13th. Finally, Northland Securities set a $93.00 target price on shares of PHINIA in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.33.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its position 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 purchasing an additional 256 shares in the last quarter. EMC Capital Management bought a new stake in PHINIA during the 2nd quarter valued at $39,000. TD Waterhouse Canada Inc. boosted its stake in 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 period. Federation des caisses Desjardins du Quebec boosted its holdings in PHINIA by 2,500.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company's stock valued at $49,000 after purchasing an additional 750 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of PHINIA by 34.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company's stock valued at $50,000 after acquiring an additional 222 shares in 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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