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

PHINIA Inc. (NYSE:PHIN) has been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $68.80.

A number of analysts have recently commented on the stock. Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. UBS Group reaffirmed a “neutral” rating and set a $76.00 target price on shares of PHINIA in a report on Friday, February 13th. Weiss Ratings raised shares of PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Northland Securities set a $93.00 price objective on shares of PHINIA in a research note on Friday, February 13th. Finally, Freedom Capital cut shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th.

Institutional Trading of PHINIA

Several large investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL purchased a new stake in shares of PHINIA in the 3rd quarter valued at approximately $3,850,000. Vanguard Group Inc. grew its stake in shares of PHINIA by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,510,133 shares of the company’s stock valued at $282,740,000 after buying an additional 44,599 shares during the period. Intech Investment Management LLC grew its stake in shares of PHINIA by 634.1% in the 4th quarter. Intech Investment Management LLC now owns 119,432 shares of the company’s stock valued at $7,487,000 after buying an additional 103,162 shares during the period. Heartland Advisors Inc. grew its stake in shares of PHINIA by 157.0% in the 3rd quarter. Heartland Advisors Inc. now owns 257,018 shares of the company’s stock valued at $14,773,000 after buying an additional 157,018 shares during the period. Finally, UBS Group AG grew its stake in shares of PHINIA by 7.0% in the 4th quarter. UBS Group AG now owns 498,738 shares of the company’s stock valued at $31,266,000 after buying an additional 32,685 shares during the period. Hedge funds and other institutional investors own 90.94% of the company’s stock.

PHINIA Stock Up 1.3%

PHIN stock 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. The firm has a 50-day simple moving average of $74.23 and a 200-day simple 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 has a 52 week low of $41.59 and a 52 week high of $83.35.

PHINIA (NYSE:PHIN) last released its earnings results on Thursday, April 30th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.16. The business 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 company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.94 earnings per share. Equities analysts forecast that PHINIA will post 6.36 earnings per share for the current fiscal year.

PHINIA Announces Dividend

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

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.