PHINIA (NYSE:PHIN) VP Samantha Pombier Sells 2,227 Shares

PHINIA Inc. (NYSE:PHIN) VP Samantha Pombier sold 2,227 shares of PHINIA stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $82.36, for a total value of $183,415.72. Following the sale, the vice president directly owned 6,637 shares of the company’s stock, valued at approximately $546,623.32. The trade was a 25.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

PHINIA Price Performance

PHIN opened at $85.25 on Friday. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 23.81 and a beta of 1.16. PHINIA Inc. has a 1 year low of $41.59 and a 1 year high of $86.65. The company has a current ratio of 1.82, a quick ratio of 1.32 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average price of $75.39 and a 200 day moving average price of $69.40.

PHINIA (NYSE:PHIN) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.16. The firm had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $838.67 million. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 earnings per share. Analysts forecast that PHINIA Inc. will post 6.36 EPS for the current fiscal year.

PHINIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Tuesday, June 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. PHINIA’s dividend payout ratio (DPR) is presently 33.52%.

Analysts Set New Price Targets

Several research firms have commented on PHIN. UBS Group reissued a “neutral” rating and set a $76.00 target price on shares of PHINIA in a research report on Friday, February 13th. Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Northland Securities set a $93.00 target price on shares of PHINIA in a research report on Friday, February 13th. Weiss Ratings raised shares of PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Finally, KeyCorp began coverage on shares of PHINIA in a research report on Friday. They set an “overweight” rating and a $105.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, PHINIA presently has an average rating of “Moderate Buy” and a consensus target price of $74.83.

Hedge Funds Weigh In On PHINIA

Several hedge funds have recently bought and sold shares of PHIN. Royal Bank of Canada increased its position in PHINIA by 464.8% during the first quarter. Royal Bank of Canada now owns 75,745 shares of the company’s stock worth $3,214,000 after buying an additional 62,333 shares during the last quarter. AQR Capital Management LLC grew its position in shares of PHINIA by 62.3% in the first quarter. AQR Capital Management LLC now owns 22,343 shares of the company’s stock valued at $938,000 after purchasing an additional 8,576 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of PHINIA by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,891 shares of the company’s stock valued at $1,056,000 after purchasing an additional 1,093 shares during the last quarter. Goldman Sachs Group Inc. grew its position 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 during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of PHINIA by 7.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,270 shares of the company’s stock valued at $4,000,000 after purchasing an additional 6,478 shares during the last quarter. 90.94% of the stock is owned by institutional investors and hedge funds.

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.