PHINIA Inc. (NYSE:PHIN) VP Sells $16,769.00 in Stock

PHINIA Inc. (NYSE:PHIN) VP Sebastian Dori sold 409 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $41.00, for a total value of $16,769.00. Following the sale, the vice president now directly owns 20,162 shares of the company’s stock, valued at approximately $826,642. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

PHINIA Stock Performance

NYSE PHIN opened at $42.32 on Tuesday. The business has a 50 day simple moving average of $37.56 and a 200 day simple moving average of $31.64. PHINIA Inc. has a one year low of $23.46 and a one year high of $42.81. The company has a quick ratio of 1.27, a current ratio of 1.71 and a debt-to-equity ratio of 0.38.

PHINIA (NYSE:PHIN) last released its earnings results on Thursday, April 25th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.74 by $0.34. PHINIA had a return on equity of 7.52% and a net margin of 3.06%. The business had revenue of $863.00 million during the quarter, compared to analysts’ expectations of $800.00 million. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate that PHINIA Inc. will post 4.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PHINIA

A number of hedge funds have recently added to or reduced their stakes in PHIN. Commonwealth Equity Services LLC acquired a new stake in PHINIA in the third quarter valued at approximately $407,000. Maryland State Retirement & Pension System acquired a new stake in PHINIA in the third quarter valued at approximately $559,000. Bank of New York Mellon Corp acquired a new stake in PHINIA in the third quarter valued at approximately $8,709,000. New York State Teachers Retirement System acquired a new stake in PHINIA in the third quarter valued at approximately $2,004,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in PHINIA in the third quarter valued at approximately $217,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley began coverage on PHINIA in a research note on Monday, March 11th. They set an “overweight” rating and a $50.00 target price for the company.

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.