PHINIA Inc. (NYSE:PHIN) Receives $59.00 Consensus PT from Brokerages

PHINIA Inc. (NYSE:PHIN) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $60.7143.

PHIN has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of PHINIA in a report on Monday, December 29th. Wall Street Zen upgraded shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 10th. Northland Securities raised their price target on shares of PHINIA from $65.00 to $79.00 and gave the company an “outperform” rating in a report on Tuesday, December 30th. BNP Paribas raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, BNP Paribas Exane upgraded PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 price objective on the stock in a research report on Monday, November 3rd.

Insider Activity at PHINIA

In related news, VP Hongyong Yang sold 893 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $52.43, for a total value of $46,819.99. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Samantha Pombier sold 1,940 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $54.14, for a total transaction of $105,031.60. Following the completion of the transaction, the vice president directly owned 8,869 shares of the company’s stock, valued at approximately $480,167.66. This represents a 17.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PHINIA

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in shares of PHINIA by 26.8% during the 4th quarter. SG Americas Securities LLC now owns 17,717 shares of the company’s stock valued at $1,111,000 after buying an additional 3,749 shares in the last quarter. CWA Asset Management Group LLC grew its position in PHINIA by 2.5% during the fourth quarter. CWA Asset Management Group LLC now owns 40,008 shares of the company’s stock valued at $2,508,000 after acquiring an additional 977 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of PHINIA during the third quarter worth approximately $3,850,000. CIBC Private Wealth Group LLC lifted its holdings in shares of PHINIA by 3.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 34,562 shares of the company’s stock worth $1,987,000 after acquiring an additional 1,262 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of PHINIA in the 3rd quarter valued at $236,000. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

PHINIA Price Performance

PHINIA stock opened at $69.87 on Friday. The firm has a market capitalization of $2.69 billion, a P/E ratio of 31.47 and a beta of 1.37. PHINIA has a one year low of $36.25 and a one year high of $70.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.72 and a quick ratio of 1.25. The business has a fifty day moving average price of $58.58 and a 200-day moving average price of $55.45.

PHINIA (NYSE:PHIN) last released its quarterly earnings data on Tuesday, October 28th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.42. PHINIA had a return on equity of 11.64% and a net margin of 2.63%.The company had revenue of $908.00 million for the quarter, compared to analyst estimates of $861.57 million. During the same period in the previous year, the company posted $1.17 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities research analysts forecast that PHINIA will post 4.21 EPS for the current year.

PHINIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, November 24th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, November 24th. PHINIA’s dividend payout ratio (DPR) is 48.65%.

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.