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

Shares of PHINIA Inc. (NYSE:PHIN) have earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $68.80.

Several equities analysts have recently weighed in on PHIN shares. Northland Securities set a $93.00 price target on shares of PHINIA in a research note on Friday, February 13th. UBS Group reaffirmed a “neutral” rating and set a $76.00 price target on shares of PHINIA in a research note on Friday, February 13th. Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Freedom Capital cut shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th.

Hedge Funds Weigh In On PHINIA

Hedge funds and other institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in shares of PHINIA by 151.5% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $27,000 after buying an additional 256 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its stake in PHINIA by 2,500.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock valued at $49,000 after buying an additional 750 shares during the period. EverSource Wealth Advisors LLC raised its stake in PHINIA by 34.4% in the third quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock valued at $50,000 after buying an additional 222 shares during the period. MAI Capital Management raised its stake in PHINIA by 845.4% in the third quarter. MAI Capital Management now owns 917 shares of the company’s stock valued at $53,000 after buying an additional 820 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in PHINIA by 76.7% in the fourth quarter. Hantz Financial Services Inc. now owns 979 shares of the company’s stock valued at $61,000 after buying an additional 425 shares during the period. 90.94% of the stock is owned by institutional investors.

PHINIA Price Performance

Shares of PHIN opened at $80.51 on Tuesday. The stock has a market capitalization of $2.98 billion, a P/E ratio of 22.49 and a beta of 1.16. PHINIA has a twelve month low of $41.59 and a twelve month high of $83.35. The company has a 50 day moving average of $74.23 and a 200-day moving average of $68.68. The company has a quick ratio of 1.32, a current ratio of 1.82 and a debt-to-equity ratio of 0.62.

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

PHINIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Tuesday, June 9th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. PHINIA’s dividend payout ratio (DPR) is currently 33.52%.

About PHINIA

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.