PHINIA Inc. (PHIN) – What Are Researchers Saying About This Stock?

PHINIA Inc. (NYSE:PHIN) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $83.50.

A number of equities analysts recently weighed in on PHIN shares. Weiss Ratings downgraded 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 target on PHINIA in a report on Friday, July 31st. Wall Street Zen downgraded shares of PHINIA from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Zacks Research upgraded shares of PHINIA from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 29th. Finally, UBS Group decreased their target price on shares of PHINIA from $80.00 to $68.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th.

Insider Buying and Selling

In related news, VP Todd Anderson sold 3,056 shares of the company’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 sale, the vice president owned 26,736 shares in the company, valued at $1,775,537.76. This represents a 10.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Chris Gropp sold 13,500 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $66.71, for a total transaction of $900,585.00. Following the completion of the transaction, the chief financial officer owned 43,823 shares in the company, valued at approximately $2,923,432.33. The trade was a 23.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 55,270 shares of company stock worth $3,698,592 over the last three months. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baron Wealth Management LLC lifted its holdings in PHINIA by 3.7% in the second quarter. Baron Wealth Management LLC now owns 4,542 shares of the company’s stock valued at $374,000 after acquiring an additional 160 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in shares of PHINIA by 3.8% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 9,640 shares of the company’s stock valued at $659,000 after acquiring an additional 350 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in PHINIA by 49.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,132 shares of the company’s stock valued at $77,000 after acquiring an additional 376 shares in the last quarter. Nykredit A S purchased a new position in PHINIA during the 2nd quarter valued at approximately $38,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in PHINIA during the second quarter valued at $39,000. Institutional investors own 90.94% of the company’s stock.

PHINIA Stock Down 0.0%

Shares of NYSE:PHIN opened at $57.88 on Monday. 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 stock has a market cap of $2.12 billion, a price-to-earnings ratio of 16.58 and a beta of 1.19. The business’s 50 day moving average is $65.11 and its 200 day moving average is $72.75. PHINIA has a 12-month low of $51.28 and a 12-month high of $86.93.

PHINIA (NYSE:PHIN) last posted its earnings results on Thursday, July 30th. The company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.04). PHINIA had a return on equity of 13.86% and a net margin of 3.73%. The firm had revenue of $940.00 million during the quarter, compared to the consensus estimate of $918.83 million. On average, sell-side analysts forecast that PHINIA will post 6.18 earnings per share for the current fiscal year.

PHINIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a dividend of $0.30 per share. The ex-dividend date was Friday, September 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. PHINIA’s payout ratio is currently 34.38%.

About PHINIA

PHINIA Inc (NYSE: PHIN) is a global automotive technology company that develops and manufactures fuel systems, electrical systems and electrification components for commercial vehicles, passenger vehicles and other mobility applications. The company serves original equipment manufacturers as well as the automotive aftermarket.

PHINIA’s products include gasoline and diesel fuel-injection systems, fuel pumps and modules, injectors, ignition coils, glow plugs, alternators and starters. Its electrification portfolio includes components such as high-voltage systems, battery-related technologies and power-conversion products designed to support hybrid and electric vehicles.

The company also supplies replacement parts and service solutions through its aftermarket business, including products marketed under the Delphi brand.