PHINIA Inc. (NYSE:PHIN) Receives $68.80 Consensus Target Price from Analysts

Shares of PHINIA Inc. (NYSE:PHIN) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $74.8333.

PHIN has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Freedom Capital cut shares of PHINIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. KeyCorp initiated coverage on shares of PHINIA in a report on Friday. They issued an “overweight” rating and a $105.00 price target on the stock. Zacks Research upgraded shares of PHINIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of PHINIA from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd.

Insider Activity

In other PHINIA news, VP Samantha Pombier sold 2,227 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $82.36, for a total transaction of $183,415.72. Following the transaction, the vice president directly owned 6,637 shares in the company, valued at $546,623.32. This represents a 25.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael Coetzee sold 1,250 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $80.61, for a total transaction of $100,762.50. Following the transaction, the vice president owned 27,009 shares in the company, valued at approximately $2,177,195.49. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of PHINIA

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings 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 in the last quarter. Lodge Hill Capital LLC boosted its holdings in shares of PHINIA by 450.8% in the 1st quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock valued at $162,966,000 after buying an additional 1,948,820 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of PHINIA by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,336,499 shares of the company’s stock valued at $159,901,000 after buying an additional 34,503 shares in the last quarter. Voss Capital LP boosted its holdings in shares of PHINIA by 2.8% in the 4th quarter. Voss Capital LP now owns 1,727,468 shares of the company’s stock valued at $108,295,000 after buying an additional 47,468 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of PHINIA by 4.7% in the 3rd quarter. American Century Companies Inc. now owns 1,641,916 shares of the company’s stock valued at $94,377,000 after buying an additional 74,430 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors.

PHINIA Trading Up 4.2%

NYSE PHIN opened at $85.25 on Tuesday. The company’s 50-day moving average price is $75.39 and its 200-day moving average price is $69.40. The company has a current ratio of 1.82, a quick ratio of 1.32 and a debt-to-equity ratio of 0.62. The stock has a market cap of $3.16 billion, a PE ratio of 23.81 and a beta of 1.16. PHINIA has a 12 month low of $41.59 and a 12 month high of $86.65.

PHINIA (NYSE:PHIN) last posted its quarterly 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 firm had revenue of $878.00 million for 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 revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share. Equities research analysts forecast that PHINIA will post 6.36 earnings per share for the current year.

PHINIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, June 9th. PHINIA’s dividend payout ratio is presently 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.