PHINIA Inc. (NYSE:PHIN) Receives Consensus Rating of “Moderate Buy” from Analysts

PHINIA Inc. (NYSE:PHIN) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $82.00.

Several equities analysts have weighed in on the stock. Weiss Ratings downgraded shares of PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Zacks Research cut shares of PHINIA from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Wall Street Zen downgraded shares of PHINIA from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. UBS Group lowered their target price 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 target price on shares of PHINIA in a report on Friday, July 31st.

Insider Activity

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its stake in PHINIA by 151.5% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $27,000 after purchasing an additional 256 shares during the period. Nykredit A S bought a new stake in shares of PHINIA during the second quarter valued at approximately $38,000. Federation des caisses Desjardins du Quebec raised its position in shares of PHINIA by 2,500.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock valued at $49,000 after buying an additional 750 shares during the last quarter. State of Wyoming purchased a new position in shares of PHINIA in the second quarter worth $60,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of PHINIA by 76.7% in the fourth quarter. Hantz Financial Services Inc. now owns 979 shares of the company’s stock worth $61,000 after buying an additional 425 shares in the last quarter. 90.94% of the stock is owned by hedge funds and other institutional investors.

PHINIA Stock Down 2.6%

NYSE PHIN opened at $68.19 on Friday. PHINIA has a 52 week low of $50.79 and a 52 week high of $86.93. The company has a quick ratio of 1.34, a current ratio of 1.81 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $2.50 billion, a P/E ratio of 19.54 and a beta of 1.17. The stock’s 50-day moving average price is $77.20 and its 200-day moving average price is $74.85.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data 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 company had revenue of $940.00 million for the quarter, compared to the consensus estimate of $918.83 million. PHINIA had a net margin of 3.73% and a return on equity of 13.86%. On average, equities research analysts predict that PHINIA will post 6.18 earnings per share for the current year.

PHINIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. PHINIA’s dividend payout ratio (DPR) is currently 34.38%.

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.