PHINIA (NYSE:PHIN) VP Samantha Pombier Sells 1,940 Shares
by Doug Wharley · The Cerbat GemPHINIA Inc. (NYSE:PHIN – Get Free Report) VP Samantha Pombier sold 1,940 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $54.14, for a total transaction of $105,031.60. Following the completion of the transaction, the vice president directly owned 8,869 shares of the company’s stock, valued at approximately $480,167.66. The trade was a 17.95% 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 PHINIA stock traded down $1.77 during trading on Monday, hitting $52.48. The stock had a trading volume of 427,269 shares, compared to its average volume of 479,580. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. PHINIA Inc. has a 12 month low of $36.25 and a 12 month high of $59.88. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 0.51 and a beta of 1.46. The business’s 50-day moving average is $55.24 and its 200 day moving average is $50.60.
PHINIA (NYSE:PHIN – Get Free Report) last posted its earnings results on Tuesday, October 28th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.17 by $0.42. PHINIA had a return on equity of 11.64% and a net margin of 2.63%.The business had revenue of $908.00 million during the quarter, compared to analysts’ expectations of $861.57 million. During the same period in the previous year, the business earned $1.17 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. PHINIA has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that PHINIA Inc. will post 4.21 earnings per share for the current year.
PHINIA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, November 24th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, November 24th. PHINIA’s dividend payout ratio (DPR) is currently 48.65%.
Institutional Trading of PHINIA
A number of hedge funds have recently modified their holdings of the business. EMC Capital Management purchased a new stake in shares of PHINIA in the 2nd quarter worth about $39,000. TD Waterhouse Canada Inc. boosted its stake in PHINIA by 350.0% during the second quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company’s stock worth $42,000 after acquiring an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in PHINIA by 34.4% in the third quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock worth $50,000 after purchasing an additional 222 shares during the period. MAI Capital Management grew its holdings in PHINIA by 845.4% in the third quarter. MAI Capital Management now owns 917 shares of the company’s stock worth $53,000 after purchasing an additional 820 shares during the period. Finally, State of Wyoming bought a new position in shares of PHINIA during the second quarter valued at approximately $60,000. Institutional investors own 90.94% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Zacks Research cut shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. UBS Group dropped their price objective on PHINIA from $62.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Morgan Stanley boosted their target price on PHINIA from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. BNP Paribas Exane upgraded PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 target price for the company in a report on Monday, November 3rd. Finally, Bank of America lifted their price target on shares of PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, PHINIA currently has a consensus rating of “Moderate Buy” and an average target price of $56.43.
Check Out Our Latest Report on PHINIA
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.
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