PHINIA Inc. (NYSE:PHIN) Stock Has Consensus Price Target of $90.67

Shares of PHINIA Inc. (NYSE:PHIN) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $90.67.

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of PHINIA from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group boosted their price target on shares of PHINIA from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. Weiss Ratings lowered shares of PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. Northland Securities set a $98.00 price objective on shares of PHINIA in a research report on Friday, July 31st. Finally, Zacks Research raised shares of PHINIA from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 29th.

Insider Activity

In other news, SVP Matthew Logar sold 1,257 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $66.33, for a total transaction of $83,376.81. Following the transaction, the senior vice president directly owned 15,576 shares in the company, valued at approximately $1,033,156.08. This represents a 7.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Todd L. Anderson sold 3,056 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $66.41, for a total value of $202,948.96. Following the completion of the sale, the vice president owned 26,736 shares of the company’s stock, valued at $1,775,537.76. The trade was a 10.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 55,270 shares of company stock valued at $3,698,592. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Lodge Hill Capital LLC boosted its stake 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 purchasing an additional 1,948,820 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 worth $159,901,000 after acquiring an additional 34,503 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of PHINIA by 1.5% in the 2nd quarter. Wellington Management Group LLP now owns 298,734 shares of the company’s stock worth $24,607,000 after acquiring an additional 4,274 shares in the last quarter. Amundi lifted its position in PHINIA by 4,268.6% during the 1st quarter. Amundi now owns 200,693 shares of the company’s stock valued at $13,735,000 after acquiring an additional 196,099 shares during the period. Finally, Banyan Capital Management Inc. purchased a new position in PHINIA during the 3rd quarter valued at about $11,080,000. 90.94% of the stock is currently owned by institutional investors.

PHINIA Price Performance

Shares of NYSE PHIN opened at $68.80 on Friday. The stock’s 50-day simple moving average is $61.99 and its two-hundred day simple moving average is $71.34. PHINIA has a twelve month low of $51.38 and a twelve month high of $86.93. The firm has a market capitalization of $2.47 billion, a P/E ratio of 13.87 and a beta of 1.16. The company has a quick ratio of 1.28, a current ratio of 1.70 and a debt-to-equity ratio of 0.64.

PHINIA (NYSE:PHIN) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The firm had revenue of $912.00 million during the quarter, compared to the consensus estimate of $928.21 million. PHINIA had a return on equity of 14.32% and a net margin of 5.22%. As a group, equities analysts anticipate that PHINIA will post 6.10 EPS for the current fiscal year.

PHINIA Company Profile

PHINIA Inc (NYSE:PHIN) is a global supplier of fuel systems, electrical systems and aftermarket products for automotive, commercial vehicle and industrial applications. The company develops technologies that support the performance, efficiency and emissions management of internal-combustion engines and other propulsion systems.

Its products include fuel injectors, fuel pumps and modules, fuel-system controls, ignition components, sensors, actuators and electronic control systems. PHINIA also supplies diesel fuel systems and related technologies for commercial vehicles and off-highway equipment, as well as replacement parts, service products and solutions through its aftermarket business.

PHINIA was established as an independent public company in 2023 after being spun off from BorgWarner.