Sebastian Dori Sells 409 Shares of PHINIA Inc. (NYSE:PHIN) Stock

PHINIA Inc. (NYSE:PHIN) VP Sebastian Dori sold 409 shares of PHINIA stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $41.00, for a total value of $16,769.00. Following the completion of the transaction, the vice president now owns 20,162 shares in the company, valued at approximately $826,642. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PHINIA Price Performance

NYSE PHIN traded up $1.23 during mid-day trading on Monday, reaching $42.31. 815,263 shares of the stock were exchanged, compared to its average volume of 662,820. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.71 and a quick ratio of 1.27. PHINIA Inc. has a one year low of $23.46 and a one year high of $42.81. The stock has a 50 day simple moving average of $37.41 and a 200-day simple moving average of $31.53.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data 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 net margin of 3.06% and a return on equity of 7.52%. The company had revenue of $863.00 million during the quarter, compared to the consensus estimate of $800.00 million. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts anticipate that PHINIA Inc. will post 4.05 earnings per share for the current year.

Institutional Investors Weigh In On PHINIA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oakworth Capital Inc. bought a new stake in PHINIA in the 3rd quarter valued at about $27,000. Whittier Trust Co. bought a new stake in shares of PHINIA during the third quarter valued at approximately $29,000. Parkside Financial Bank & Trust raised its position in shares of PHINIA by 816.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 990 shares of the company’s stock worth $30,000 after purchasing an additional 882 shares during the period. Truvestments Capital LLC acquired a new position in shares of PHINIA during the third quarter worth approximately $35,000. Finally, Quarry LP bought a new position in shares of PHINIA in the 4th quarter worth $37,000. 90.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Morgan Stanley initiated coverage on shares of PHINIA in a report on Monday, March 11th. They set an “overweight” rating and a $50.00 price target on the 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.