Michael Coetzee Sells 1,250 Shares of PHINIA (NYSE:PHIN) Stock

PHINIA Inc. (NYSE:PHIN) VP Michael Coetzee sold 1,250 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $80.61, for a total value of $100,762.50. Following the transaction, the vice president owned 27,009 shares of the company’s stock, valued at approximately $2,177,195.49. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PHINIA Price Performance

Shares of PHIN opened at $85.25 on Friday. The company has a market cap of $3.16 billion, a P/E ratio of 23.81 and a beta of 1.16. The stock has a fifty day moving average price of $75.39 and a 200 day moving average price of $69.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.82 and a quick ratio of 1.32. PHINIA Inc. has a 12 month low of $41.59 and a 12 month high of $86.65.

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

PHINIA Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently commented on PHIN. Zacks Research upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Freedom Capital lowered PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Weiss Ratings upgraded PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Finally, KeyCorp assumed coverage on PHINIA in a research report on Friday. They set an “overweight” rating and a $105.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $74.83.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PHIN. Lodge Hill Capital LLC boosted its position in PHINIA by 450.8% during the 1st quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock worth $162,966,000 after acquiring an additional 1,948,820 shares during the period. ION Fund Management Ltd acquired a new position in PHINIA during the 4th quarter worth $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 worth $34,924,000 after acquiring an additional 514,442 shares during the period. UBS Group AG boosted its position in PHINIA by 222.9% during 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 period. Finally, Amundi boosted its position in PHINIA by 4,268.6% during the 1st quarter. Amundi now owns 200,693 shares of the company’s stock worth $13,735,000 after acquiring an additional 196,099 shares during the period. Institutional investors and hedge funds 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.