PHINIA Inc. (NYSE:PHIN) Receives $68.80 Consensus Target Price from Analysts

PHINIA Inc. (NYSE:PHIN) has earned a consensus rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $68.80.

Several equities research analysts have issued reports on the company. UBS Group restated a “neutral” rating and set a $76.00 target price on shares of PHINIA in a research report on Friday, February 13th. Zacks Research downgraded PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Northland Securities set a $93.00 target price on PHINIA in a research report on Friday, February 13th. Freedom Capital downgraded PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Wall Street Zen downgraded PHINIA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th.

PHINIA Trading Up 0.0%

NYSE:PHIN opened at $73.70 on Monday. The company has a market cap of $2.77 billion, a P/E ratio of 22.68 and a beta of 1.36. The stock’s fifty day moving average price is $70.25 and its two-hundred day moving average price is $63.88. PHINIA has a 1 year low of $38.44 and a 1 year high of $81.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.36.

PHINIA (NYSE:PHIN) last posted its earnings results on Thursday, February 12th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.17). The company had revenue of $889.00 million for the quarter, compared to analysts’ expectations of $843.59 million. PHINIA had a return on equity of 12.56% and a net margin of 3.73%.The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. As a group, analysts expect that PHINIA will post 5.94 EPS for the current year.

PHINIA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from PHINIA’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 6th. PHINIA’s dividend payout ratio (DPR) is 36.92%.

Insiders Place Their Bets

In related news, VP Christopher Gustanski sold 3,812 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $72.73, for a total value of $277,246.76. Following the sale, the vice president owned 14,871 shares in the company, valued at approximately $1,081,567.83. This trade represents a 20.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Neil Fryer sold 624 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $72.75, for a total value of $45,396.00. Following the completion of the sale, the vice president owned 18,180 shares in the company, valued at $1,322,595. This trade represents a 3.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On PHINIA

Institutional investors and hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC raised its position in shares of PHINIA by 151.5% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $27,000 after buying an additional 256 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its position in shares of PHINIA by 2,500.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock worth $49,000 after buying an additional 750 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of PHINIA by 34.4% in the third quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock worth $50,000 after buying an additional 222 shares in the last quarter. MAI Capital Management raised its position in shares of PHINIA by 845.4% in the third quarter. MAI Capital Management now owns 917 shares of the company’s stock worth $53,000 after buying an additional 820 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of PHINIA in the second quarter worth $60,000. Hedge funds and other 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.