PHINIA (NYSE:PHIN) Raised to “Hold” at Zacks Research

PHINIA (NYSE:PHIN) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

PHIN has been the subject of several other research reports. KeyCorp assumed coverage on shares of PHINIA in a research report on Friday, June 12th. They issued an “overweight” rating and a $105.00 price target for the company. Weiss Ratings downgraded shares of PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. Wall Street Zen upgraded shares of PHINIA from a “hold” rating to a “buy” rating in a report on Monday, September 14th. UBS Group dropped their price objective on shares of PHINIA from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Finally, Northland Securities set a $98.00 price objective on shares of PHINIA in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $86.50.

PHINIA Stock Down 1.5%

Shares of NYSE:PHIN opened at $59.51 on Tuesday. The business’s 50 day simple moving average is $69.70 and its two-hundred day simple moving average is $73.35. The firm has a market cap of $2.18 billion, a P/E ratio of 17.05 and a beta of 1.14. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.34 and a current ratio of 1.81. PHINIA has a 52-week low of $50.79 and a 52-week high of $86.93.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.04). The firm had revenue of $940.00 million during the quarter, compared to analyst estimates of $918.83 million. PHINIA had a net margin of 3.73% and a return on equity of 13.86%. As a group, research analysts forecast that PHINIA will post 6.18 EPS for the current fiscal year.

Insider Activity at PHINIA

In related news, CFO Chris P. Gropp sold 13,500 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $66.71, for a total value of $900,585.00. Following the completion of the sale, the chief financial officer directly owned 43,823 shares of the company’s stock, valued at approximately $2,923,432.33. This represents a 23.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Todd L. Anderson sold 3,056 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $66.41, for a total value of $202,948.96. Following the transaction, the vice president owned 26,736 shares in the company, valued at approximately $1,775,537.76. This trade represents a 10.26% 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 valued at $3,698,592 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of PHINIA

Several institutional investors have recently made changes to their positions in the company. Voss Capital LP lifted its position in shares of PHINIA by 2.8% during the fourth quarter. Voss Capital LP now owns 1,727,468 shares of the company’s stock valued at $108,295,000 after purchasing an additional 47,468 shares in the last quarter. Weiss Asset Management LP boosted its holdings in PHINIA by 345.9% during the first quarter. Weiss Asset Management LP now owns 72,300 shares of the company’s stock worth $4,948,000 after purchasing an additional 56,087 shares during the last quarter. Sei Investments Co. boosted its holdings in PHINIA by 18.5% during the first quarter. Sei Investments Co. now owns 181,684 shares of the company’s stock worth $12,436,000 after purchasing an additional 28,409 shares during the last quarter. Lodge Hill Capital LLC grew its position in PHINIA by 450.8% in the 1st quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock worth $162,966,000 after purchasing an additional 1,948,820 shares in the last quarter. Finally, Amundi grew its position in PHINIA by 4,268.6% in the 1st quarter. Amundi now owns 200,693 shares of the company’s stock worth $13,735,000 after purchasing an additional 196,099 shares in the last quarter. Institutional investors own 90.94% of the company’s stock.

PHINIA Company Profile

PHINIA Inc (NYSE: PHIN) is a global supplier of fuel systems, electrical systems and aftermarket products for commercial vehicles, passenger vehicles and industrial applications. The company’s products are designed to support internal-combustion, hybrid and other powertrain technologies.

Its product portfolio includes fuel injectors, fuel pumps, fuel modules, electronic control units, sensors, actuators, ignition components, starters and alternators. PHINIA also provides replacement parts, diagnostic equipment and related service solutions through its aftermarket business, which serves original-equipment and independent repair channels.

PHINIA was established as an independent public company in 2023 through the separation of BorgWarner’s fuel systems and aftermarket businesses.