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

PHINIA Inc. (NYSE:PHIN) has received an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $68.80.

Several brokerages have commented on PHIN. Zacks Research upgraded shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of PHINIA in a research note on Monday, December 29th. Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 22nd. Northland Securities set a $93.00 target price on shares of PHINIA in a research report on Friday, February 13th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $76.00 price target on shares of PHINIA in a report on Friday, February 13th.

PHINIA Stock Down 1.6%

Shares of PHIN stock opened at $66.02 on Thursday. PHINIA has a fifty-two week low of $36.25 and a fifty-two week high of $81.11. The firm has a market capitalization of $2.50 billion, a PE ratio of 20.31 and a beta of 1.36. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.36 and a current ratio of 1.86. The stock’s 50-day simple moving average is $70.38 and its 200-day simple moving average is $62.02.

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

PHINIA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were issued a $0.30 dividend. This is a boost from PHINIA’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. PHINIA’s payout ratio is presently 36.92%.

Insider Transactions at PHINIA

In related news, VP Neil Fryer sold 624 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $72.75, for a total transaction of $45,396.00. Following the sale, the vice president directly owned 18,180 shares of the company’s stock, valued at $1,322,595. This trade represents a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher Gustanski sold 3,812 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $72.73, for a total value of $277,246.76. Following the completion of the transaction, the vice president directly owned 14,871 shares of the company’s stock, valued at $1,081,567.83. The trade was a 20.40% 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 owned by corporate insiders.

Hedge Funds Weigh In On PHINIA

Several large investors have recently made changes to their positions in the company. Larson Financial Group LLC grew its position in PHINIA by 151.5% during 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 during the period. TD Waterhouse Canada Inc. boosted its stake in shares of PHINIA by 350.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company’s stock worth $42,000 after acquiring an additional 700 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its position in shares of PHINIA by 2,500.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock valued at $49,000 after acquiring an additional 750 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of PHINIA by 34.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock valued at $50,000 after acquiring an additional 222 shares during the period. Finally, MAI Capital Management increased its stake in shares of PHINIA by 845.4% in the 3rd quarter. MAI Capital Management now owns 917 shares of the company’s stock valued at $53,000 after purchasing an additional 820 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors and hedge funds.

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.