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

PHINIA Inc. (NYSE:PHIN) has been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $66.3333.

PHIN has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PHINIA in a research report on Monday, December 29th. Zacks Research upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. UBS Group reaffirmed a “neutral” rating and issued a $76.00 target price on shares of PHINIA in a research report on Friday, February 13th. Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 22nd. Finally, Freedom Capital lowered shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th.

PHINIA Trading Down 3.6%

PHIN opened at $69.66 on Friday. The firm’s 50 day moving average is $70.69 and its 200-day moving average is $61.07. PHINIA has a 52-week low of $36.25 and a 52-week high of $81.11. The company has a quick ratio of 1.36, a current ratio of 1.86 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.64 billion, a P/E ratio of 21.43 and a beta of 1.36.

PHINIA (NYSE:PHIN) last announced its earnings results on Thursday, February 12th. The company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.17). PHINIA had a net margin of 3.73% and a return on equity of 12.56%. The firm had revenue of $889.00 million during the quarter, compared to analysts’ expectations of $843.59 million. During the same quarter last year, the company posted $0.71 earnings per share. PHINIA’s revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts expect that PHINIA will post 4.21 EPS for the current fiscal year.

PHINIA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.20 annualized dividend and a yield of 1.7%. This is an increase from PHINIA’s previous quarterly dividend of $0.27. PHINIA’s dividend payout ratio (DPR) is 33.23%.

Hedge Funds Weigh In On PHINIA

Several large investors have recently modified their holdings of the stock. Invesco Ltd. increased its holdings in PHINIA by 8.3% in the fourth quarter. Invesco Ltd. now owns 469,567 shares of the company’s stock valued at $29,437,000 after buying an additional 35,835 shares during the last quarter. Vident Advisory LLC grew its position in shares of PHINIA by 6.9% in the 4th quarter. Vident Advisory LLC now owns 11,286 shares of the company’s stock worth $708,000 after acquiring an additional 733 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of PHINIA in the 4th quarter valued at approximately $253,000. XTX Topco Ltd acquired a new stake in shares of PHINIA during the 4th quarter valued at approximately $1,015,000. Finally, Wellington Management Group LLP raised its position in shares of PHINIA by 0.8% during the 4th quarter. Wellington Management Group LLP now owns 367,128 shares of the company’s stock valued at $23,015,000 after acquiring an additional 3,039 shares in 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.