PHINIA Inc. (NYSE:PHIN) Given Consensus Rating of “Moderate Buy” by Brokerages

PHINIA Inc. (NYSE:PHIN) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $63.1667.

Several equities research analysts have commented on the company. BNP Paribas Exane raised PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 target price on the stock in a report on Monday, November 3rd. Wall Street Zen raised PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 10th. Northland Securities upped their price target on shares of PHINIA from $65.00 to $79.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 30th. UBS Group raised their price objective on shares of PHINIA from $59.00 to $71.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Finally, Citigroup reaffirmed a “neutral” rating on shares of PHINIA in a report on Tuesday, October 14th.

Insider Activity at PHINIA

In related news, VP Hongyong Yang sold 893 shares of PHINIA stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $52.43, for a total value of $46,819.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $105,031.60. Following the completion of the transaction, the vice president directly owned 8,869 shares in the company, valued at approximately $480,167.66. This represents a 17.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.00% of the company’s stock.

Institutional Trading of PHINIA

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rock Creek Group LP increased its holdings in shares of PHINIA by 16.8% in the 2nd quarter. Rock Creek Group LP now owns 40,891 shares of the company’s stock valued at $1,819,000 after purchasing an additional 5,891 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in PHINIA by 76.5% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 122,151 shares of the company’s stock worth $7,021,000 after buying an additional 52,957 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in PHINIA by 736.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 35,170 shares of the company’s stock valued at $2,022,000 after buying an additional 30,966 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of PHINIA during the 3rd quarter valued at approximately $1,915,000. Finally, Aristides Capital LLC purchased a new stake in shares of PHINIA during the 2nd quarter worth approximately $246,000. Hedge funds and other institutional investors own 90.94% of the company’s stock.

PHINIA Stock Performance

PHINIA stock opened at $73.80 on Wednesday. PHINIA has a fifty-two week low of $36.25 and a fifty-two week high of $73.87. The stock’s 50 day simple moving average is $64.17 and its two-hundred day simple moving average is $58.18. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.72. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 33.24 and a beta of 1.37.

PHINIA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, March 6th. This represents a $1.20 annualized dividend and a yield of 1.6%. This is an increase from PHINIA’s previous quarterly dividend of $0.27. PHINIA’s dividend payout ratio (DPR) is currently 48.65%.

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.