Analysts Set PHINIA Inc. (NYSE:PHIN) PT at $59.00

PHINIA Inc. (NYSE:PHIN) has been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $60.7143.

PHIN has been the subject of several research reports. BNP Paribas raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of PHINIA in a report on Monday, December 29th. Wall Street Zen upgraded PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 10th. Northland Securities raised their price objective on PHINIA from $65.00 to $79.00 and gave the stock an “outperform” rating in a report on Tuesday, December 30th. Finally, BNP Paribas Exane upgraded PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 target price for the company in a report on Monday, November 3rd.

Insider Buying and Selling at PHINIA

In related news, VP Samantha Pombier sold 1,940 shares of the stock in a transaction on Friday, November 14th. The stock was 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 directly owned 8,869 shares in the company, valued at approximately $480,167.66. This represents a 17.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Hongyong Yang sold 893 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $52.43, for a total value of $46,819.99. The disclosure for this sale is available in the SEC filing. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PHINIA

A number of institutional investors have recently added to or reduced their stakes in the company. EMC Capital Management purchased a new position in PHINIA in the 2nd quarter valued at about $39,000. TD Waterhouse Canada Inc. lifted its stake in shares of PHINIA by 350.0% in the second quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company’s stock worth $42,000 after acquiring an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in PHINIA by 34.4% in the third 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 last quarter. MAI Capital Management grew its stake in PHINIA by 845.4% during 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 in the last quarter. Finally, State of Wyoming acquired a new stake in PHINIA during the 2nd quarter valued at approximately $60,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

PHINIA Trading Down 0.9%

NYSE PHIN opened at $69.47 on Friday. The company has a market cap of $2.67 billion, a P/E ratio of 31.29 and a beta of 1.37. PHINIA has a 12 month low of $36.25 and a 12 month high of $70.97. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.72 and a quick ratio of 1.25. The company has a 50-day moving average of $59.25 and a 200-day moving average of $55.73.

PHINIA (NYSE:PHIN) last released its earnings results on Tuesday, October 28th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.42. PHINIA had a net margin of 2.63% and a return on equity of 11.64%. The firm had revenue of $908.00 million during the quarter, compared to the consensus estimate of $861.57 million. During the same period in the previous year, the firm earned $1.17 earnings per share. PHINIA’s revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts predict that PHINIA will post 4.21 earnings per share for the current year.

PHINIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Monday, November 24th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, November 24th. PHINIA’s payout ratio is currently 48.65%.

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.