PHINIA (NYSE:PHIN) Stock Rating Upgraded by KeyCorp

PHINIA (NYSE:PHIN) was upgraded by stock analysts at KeyCorp to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Northland Securities set a $93.00 target price on PHINIA in a research note on Friday, February 13th. Freedom Capital cut PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Wall Street Zen upgraded PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. UBS Group reiterated a “neutral” rating and set a $76.00 target price on shares of PHINIA in a research note on Friday, February 13th. Finally, Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.83.

PHINIA Price Performance

Shares of NYSE PHIN opened at $85.25 on Thursday. PHINIA has a twelve month low of $41.59 and a twelve month high of $86.65. The stock’s 50 day moving average price is $75.39 and its 200-day moving average price is $69.40. The company has a market capitalization of $3.16 billion, a PE ratio of 23.81 and a beta of 1.16. The company has a quick ratio of 1.32, a current ratio of 1.82 and a debt-to-equity ratio of 0.62.

PHINIA (NYSE:PHIN) last released its earnings results on Thursday, April 30th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.16. The company had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $838.67 million. PHINIA had a return on equity of 13.23% and a net margin of 3.96%.The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 EPS. On average, equities analysts anticipate that PHINIA will post 6.36 EPS for the current year.

Insider Buying and Selling

In related news, VP Michael Coetzee sold 1,250 shares of PHINIA stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $80.61, for a total value of $100,762.50. Following the sale, the vice president owned 27,009 shares of the company’s stock, valued at approximately $2,177,195.49. The trade was a 4.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Samantha Pombier sold 2,227 shares of PHINIA stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $82.36, for a total transaction of $183,415.72. Following the completion of the sale, the vice president directly owned 6,637 shares in the company, valued at $546,623.32. This trade represents a 25.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC grew its stake in PHINIA by 151.5% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $27,000 after buying an additional 256 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake in PHINIA by 2,500.0% in the 4th 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 in the last quarter. EverSource Wealth Advisors LLC grew its stake in PHINIA by 34.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock valued at $50,000 after buying an additional 222 shares in the last quarter. MAI Capital Management grew its stake in PHINIA by 845.4% in the 3rd quarter. MAI Capital Management now owns 917 shares of the company’s stock valued at $53,000 after buying an additional 820 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in PHINIA by 76.7% in the 4th quarter. Hantz Financial Services Inc. now owns 979 shares of the company’s stock valued at $61,000 after buying an additional 425 shares in the last quarter. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

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.