PHINIA (NYSE:PHIN) Stock Rating Lowered by Wall Street Zen

PHINIA (NYSE:PHIN) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Several other equities analysts have also recently commented on PHIN. Weiss Ratings raised PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 1st. KeyCorp started coverage on PHINIA in a report on Friday, June 12th. They set an “overweight” rating and a $105.00 price objective on the stock. UBS Group lowered their price objective on PHINIA from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Zacks Research lowered PHINIA from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Finally, Northland Securities set a $98.00 target price on PHINIA in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, PHINIA has an average rating of “Moderate Buy” and an average target price of $82.00.

PHINIA Stock Performance

NYSE:PHIN opened at $69.12 on Friday. The firm’s 50-day moving average is $75.24 and its 200-day moving average is $74.50. PHINIA has a 52-week low of $50.79 and a 52-week high of $86.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.34 and a current ratio of 1.81. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 19.81 and a beta of 1.14.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $918.83 million. Equities research analysts anticipate that PHINIA will post 6.18 earnings per share for the current year.

Insider Buying and Selling

In other PHINIA news, VP Samantha Pombier sold 2,227 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were 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 of the company’s stock, valued at approximately $546,623.32. This represents a 25.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael Coetzee sold 1,250 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,337 shares of company stock worth $2,189,524 in the last quarter. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PHIN. ProShare Advisors LLC increased its holdings in PHINIA by 1.9% during the 4th quarter. ProShare Advisors LLC now owns 7,409 shares of the company’s stock valued at $464,000 after purchasing an additional 141 shares in the last quarter. Baron Wealth Management LLC boosted its stake in PHINIA by 3.7% in the second quarter. Baron Wealth Management LLC now owns 4,542 shares of the company’s stock worth $374,000 after purchasing an additional 160 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of PHINIA by 2.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,748 shares of the company’s stock worth $548,000 after purchasing an additional 207 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of PHINIA by 151.5% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $27,000 after purchasing an additional 256 shares during the last quarter. Finally, Hancock Whitney Corp increased its stake in shares of PHINIA by 0.5% in the third quarter. Hancock Whitney Corp now owns 62,643 shares of the company’s stock valued at $3,601,000 after buying an additional 311 shares in the last quarter. 90.94% of the stock is owned by institutional investors and hedge funds.

About PHINIA

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.