Analysts Set PHINIA Inc. (NYSE:PHIN) Target Price at $82.00

PHINIA Inc. (NYSE:PHIN) has earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $82.00.

Several equities analysts have commented on the stock. Northland Securities set a $98.00 target price on shares of PHINIA in a report on Friday, July 31st. UBS Group cut their price target on shares of PHINIA from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, July 31st. KeyCorp initiated coverage on shares of PHINIA in a research report on Friday, June 12th. They set an “overweight” rating and a $105.00 price target on the stock. Zacks Research cut shares of PHINIA from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings downgraded shares of PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th.

PHINIA Stock Performance

PHIN opened at $71.03 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.34 and a current ratio of 1.81. PHINIA has a 52-week low of $50.79 and a 52-week high of $86.93. The firm has a market cap of $2.60 billion, a P/E ratio of 20.35 and a beta of 1.17. The business’s fifty day moving average is $77.62 and its 200-day moving average is $74.90.

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

PHINIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a $0.30 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. PHINIA’s dividend payout ratio (DPR) is presently 34.38%.

Insiders Place Their Bets

In other news, VP Michael Coetzee sold 1,250 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $80.61, for a total transaction of $100,762.50. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Samantha Pombier sold 2,227 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $82.36, for a total value of $183,415.72. Following the sale, the vice president owned 6,637 shares of the company’s stock, valued at approximately $546,623.32. This represents a 25.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of PHINIA by 464.8% during the 1st quarter. Royal Bank of Canada now owns 75,745 shares of the company’s stock valued at $3,214,000 after purchasing an additional 62,333 shares during the last quarter. AQR Capital Management LLC boosted its position in PHINIA by 62.3% in the first quarter. AQR Capital Management LLC now owns 22,343 shares of the company’s stock valued at $938,000 after buying an additional 8,576 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in PHINIA by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,891 shares of the company’s stock valued at $1,056,000 after buying an additional 1,093 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of PHINIA by 6.4% during the first quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock worth $41,462,000 after buying an additional 58,875 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of PHINIA by 7.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,270 shares of the company’s stock worth $4,000,000 after buying an additional 6,478 shares during the last quarter. Institutional investors own 90.94% of the company’s stock.

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.