PHINIA (NYSE:PHIN) Hits New 1-Year High – Should You Buy?

PHINIA Inc. (NYSE:PHIN) reached a new 52-week high during trading on Monday . The company traded as high as $65.02 and last traded at $65.43, with a volume of 440 shares traded. The stock had previously closed at $64.65.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Citigroup reiterated a “neutral” rating on shares of PHINIA in a research report on Tuesday, October 14th. BNP Paribas upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Bank of America lifted their price target on PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. BNP Paribas Exane raised shares of PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 price objective on the stock in a report on Monday, November 3rd. Finally, Northland Securities raised their price objective on shares of PHINIA from $65.00 to $79.00 and gave the company an “outperform” rating in a research report on Tuesday, December 30th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.00.

PHINIA Price Performance

The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $2.51 billion, a P/E ratio of 29.46 and a beta of 1.37. The company has a fifty day simple moving average of $56.15 and a two-hundred day simple moving average of $54.15.

PHINIA (NYSE:PHIN) last issued its earnings results on Tuesday, October 28th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.42. PHINIA had a net margin of 2.63% and a return on equity of 11.64%. The company had revenue of $908.00 million for the quarter, compared to analyst estimates of $861.57 million. During the same quarter last year, the firm earned $1.17 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Sell-side analysts expect that PHINIA Inc. will post 4.21 EPS for the current fiscal year.

PHINIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Monday, November 24th were given a dividend of $0.27 per share. The ex-dividend date was Monday, November 24th. This represents a $1.08 annualized dividend and a dividend yield of 1.7%. PHINIA’s payout ratio is presently 48.65%.

Insiders Place Their Bets

In other news, VP Hongyong Yang sold 893 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $52.43, for a total value of $46,819.99. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Samantha Pombier sold 1,940 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $54.14, for a total value of $105,031.60. Following the completion of the sale, the vice president owned 8,869 shares of the company’s stock, valued at $480,167.66. This represents a 17.95% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On PHINIA

Several large investors have recently modified their holdings of the business. UBS Group AG lifted its holdings in shares of PHINIA by 222.9% during the 3rd quarter. UBS Group AG now owns 466,053 shares of the company’s stock valued at $26,789,000 after purchasing an additional 321,708 shares in the last quarter. Voss Capital LP increased its stake in PHINIA by 10.8% during the 2nd quarter. Voss Capital LP now owns 2,290,000 shares of the company’s stock worth $101,882,000 after purchasing an additional 222,658 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in PHINIA by 92.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 416,328 shares of the company’s stock worth $23,931,000 after buying an additional 199,756 shares during the period. LSV Asset Management lifted its stake in PHINIA by 19.4% in the second quarter. LSV Asset Management now owns 1,199,218 shares of the company’s stock valued at $53,353,000 after buying an additional 194,627 shares in the last quarter. Finally, Heartland Advisors Inc. lifted its stake in PHINIA by 157.0% in the third quarter. Heartland Advisors Inc. now owns 257,018 shares of the company’s stock valued at $14,773,000 after buying an additional 157,018 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors.

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.