PHINIA Inc. (NYSE:PHIN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

PHINIA Inc. (NYSE:PHIN) has earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $59.00.

PHIN has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of PHINIA in a research report on Monday, December 29th. Northland Securities lifted their price objective on PHINIA from $65.00 to $79.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 30th. UBS Group decreased their price objective on PHINIA from $62.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. BNP Paribas raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Wall Street Zen upgraded shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

PHINIA Stock Performance

PHIN opened at $69.26 on Friday. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 31.20 and a beta of 1.37. The company has a fifty day moving average of $57.59 and a 200 day moving average of $54.85. PHINIA has a fifty-two week low of $36.25 and a fifty-two week high of $69.32. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.72.

PHINIA (NYSE:PHIN) last announced its quarterly 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. The business had revenue of $908.00 million for the quarter, compared to analysts’ expectations of $861.57 million. PHINIA had a net margin of 2.63% and a return on equity of 11.64%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 EPS. As a group, sell-side analysts forecast that PHINIA will post 4.21 earnings per share for the current fiscal year.

PHINIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, November 24th were issued a $0.27 dividend. The ex-dividend date was Monday, November 24th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.6%. PHINIA’s payout ratio is 48.65%.

Insider Activity

In other PHINIA news, VP Hongyong Yang sold 893 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $52.43, for a total transaction of $46,819.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Samantha Pombier sold 1,940 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $54.14, for a total value of $105,031.60. Following the sale, the vice president owned 8,869 shares in the company, valued at approximately $480,167.66. This trade represents a 17.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PHINIA

Large investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in PHINIA by 464.8% in 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. Advisors Asset Management Inc. purchased a new stake in shares of PHINIA in the first quarter valued at $220,000. AQR Capital Management LLC raised its stake 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 acquiring an additional 8,576 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of PHINIA by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,891 shares of the company’s stock worth $1,056,000 after acquiring an additional 1,093 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of PHINIA by 6.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock worth $41,462,000 after acquiring an additional 58,875 shares during the last quarter. Institutional investors 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.