PHINIA Inc. (NYSE:PHIN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of PHINIA Inc. (NYSE:PHIN) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $74.8333.

PHIN has been the topic of several research reports. Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. KeyCorp initiated coverage on shares of PHINIA in a research report on Friday. They issued an “overweight” rating and a $105.00 price objective on the stock. Freedom Capital cut shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th.

PHINIA Trading Down 1.8%

PHIN opened at $83.65 on Tuesday. The stock has a market capitalization of $3.10 billion, a P/E ratio of 23.37 and a beta of 1.16. PHINIA has a 12 month low of $41.59 and a 12 month high of $86.94. The firm’s fifty day simple moving average is $75.69 and its 200 day simple moving average is $69.71. The company has a current ratio of 1.82, a quick ratio of 1.32 and a debt-to-equity ratio of 0.62.

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

PHINIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.20 annualized dividend and a yield of 1.4%. PHINIA’s payout ratio is 33.52%.

Insider Activity

In other PHINIA news, VP Michael Coetzee sold 1,250 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $80.61, for a total transaction of $100,762.50. Following the sale, the vice president directly owned 27,009 shares of the company’s stock, valued at $2,177,195.49. The trade was a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Samantha Pombier sold 2,227 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $82.36, for a total transaction of $183,415.72. Following 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On PHINIA

Institutional investors and hedge funds have recently modified their holdings of the company. Larson Financial Group LLC raised its holdings in shares of 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 purchasing an additional 256 shares during the period. Federation des caisses Desjardins du Quebec raised its holdings in shares of 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 purchasing an additional 750 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of 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 purchasing an additional 222 shares during the period. MAI Capital Management raised its holdings in shares of 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 purchasing an additional 820 shares during the period. Finally, State of Wyoming bought a new stake in shares of PHINIA in the 2nd quarter valued at about $60,000. 90.94% of the stock is owned by 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.