PHINIA Inc. (PHIN) – What Are Analysts Saying About This Stock?

Shares of PHINIA Inc. (NYSE:PHIN) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $83.50.

A number of research analysts have commented on the stock. Northland Securities set a $98.00 price objective on shares of PHINIA in a research note on Friday, July 31st. Zacks Research upgraded shares of PHINIA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. Wall Street Zen downgraded shares of PHINIA from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. UBS Group lowered their price target on PHINIA from $80.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Finally, Weiss Ratings downgraded PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 16th.

PHINIA Price Performance

PHIN stock opened at $57.88 on Monday. The business’s 50-day moving average is $65.11 and its two-hundred day moving average is $72.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.81 and a quick ratio of 1.34. The firm has a market capitalization of $2.12 billion, a P/E ratio of 16.58 and a beta of 1.19. PHINIA has a 1 year low of $51.28 and a 1 year high of $86.93.

PHINIA (NYSE:PHIN) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.04). The business had revenue of $940.00 million for the quarter, compared to analysts’ expectations of $918.83 million. PHINIA had a return on equity of 13.86% and a net margin of 3.73%. Analysts anticipate that PHINIA will post 6.18 earnings per share for the current fiscal year.

PHINIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, September 4th. PHINIA’s payout ratio is currently 34.38%.

Insider Activity at PHINIA

In other news, CEO Brady D. Ericson sold 27,860 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $68.39, for a total transaction of $1,905,345.40. Following the completion of the transaction, the chief executive officer directly owned 330,497 shares of the company’s stock, valued at approximately $22,602,689.83. This represents a 7.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Chris P. Gropp sold 13,500 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $66.71, for a total transaction of $900,585.00. Following the sale, the chief financial officer owned 43,823 shares in the company, valued at $2,923,432.33. The trade was a 23.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 55,270 shares of company stock worth $3,698,592 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of PHINIA

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in shares of PHINIA by 327.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,808 shares of the company’s stock valued at $107,000 after acquiring an additional 1,385 shares during the period. Tidal Investments LLC raised its holdings in PHINIA by 11.7% during the second quarter. Tidal Investments LLC now owns 8,699 shares of the company’s stock worth $717,000 after purchasing an additional 914 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in PHINIA during the second quarter worth $39,000. Nykredit A S purchased a new stake in PHINIA during the second quarter worth $38,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in PHINIA in the second quarter valued at $346,000. Hedge funds and other institutional investors own 90.94% of the company’s stock.

PHINIA Company Profile

PHINIA Inc (NYSE: PHIN) is a global automotive technology company that develops and manufactures fuel systems, electrical systems and electrification components for commercial vehicles, passenger vehicles and other mobility applications. The company serves original equipment manufacturers as well as the automotive aftermarket.

PHINIA’s products include gasoline and diesel fuel-injection systems, fuel pumps and modules, injectors, ignition coils, glow plugs, alternators and starters. Its electrification portfolio includes components such as high-voltage systems, battery-related technologies and power-conversion products designed to support hybrid and electric vehicles.

The company also supplies replacement parts and service solutions through its aftermarket business, including products marketed under the Delphi brand.