PHINIA (NYSE:PHIN) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of PHINIA (NYSE:PHIN) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other analysts have also recently issued reports on the stock. Northland Securities set a $98.00 target price on shares of PHINIA in a research note on Friday, July 31st. Weiss Ratings lowered shares of PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Zacks Research downgraded shares of PHINIA from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. UBS Group decreased their price objective 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. Finally, KeyCorp started coverage on shares of PHINIA in a research report on Friday, June 12th. They set an “overweight” rating and a $105.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PHINIA presently has a consensus rating of “Moderate Buy” and an average target price of $82.00.

PHINIA Stock Up 1.3%

PHIN opened at $68.94 on Friday. PHINIA has a fifty-two week low of $50.79 and a fifty-two week high of $86.93. The business has a 50-day moving average of $76.96 and a 200-day moving average of $74.81. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.81 and a quick ratio of 1.34. The company has a market capitalization of $2.53 billion, a PE ratio of 19.75 and a beta of 1.17.

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

PHINIA Dividend Announcement

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

Insider Buying and Selling

In other news, VP Samantha Pombier sold 2,227 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $82.36, for a total value of $183,415.72. Following the completion of the sale, the vice president directly owned 6,637 shares in the company, valued at approximately $546,623.32. The trade was 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 hyperlink. Also, VP Michael Coetzee sold 1,250 shares of the company’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 sale, the vice president directly owned 27,009 shares of the company’s stock, valued at approximately $2,177,195.49. This represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of PHINIA by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 4,510,133 shares of the company’s stock valued at $282,740,000 after purchasing an additional 44,599 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of PHINIA by 7,907.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,750,388 shares of the company’s stock worth $308,919,000 after purchasing an additional 3,703,554 shares during the last quarter. Lodge Hill Capital LLC lifted its position in shares of PHINIA by 450.8% during the 1st quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock worth $162,966,000 after purchasing an additional 1,948,820 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of PHINIA by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,336,499 shares of the company’s stock worth $159,901,000 after purchasing an additional 34,503 shares during the last quarter. Finally, Voss Capital LP boosted its stake in PHINIA by 2.8% during the 4th quarter. Voss Capital LP now owns 1,727,468 shares of the company’s stock valued at $108,295,000 after purchasing an additional 47,468 shares during the period. Institutional investors and hedge funds 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.