PHINIA Inc. (NYSE:PHIN) Given Average Rating of “Moderate Buy” by Analysts

Shares of PHINIA Inc. (NYSE:PHIN) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $82.00.

A number of brokerages have recently commented on PHIN. 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. Weiss Ratings lowered PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Zacks Research cut PHINIA from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of PHINIA from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group reduced their price objective on shares of PHINIA from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, July 31st.

Insider Buying and Selling at PHINIA

In other PHINIA 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 transaction of $183,415.72. Following the completion of the transaction, the vice president owned 6,637 shares of the company’s stock, valued at $546,623.32. The trade was a 25.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael Coetzee sold 1,250 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $80.61, for a total transaction of $100,762.50. Following the sale, the vice president owned 27,009 shares of the company’s stock, valued at $2,177,195.49. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in shares of PHINIA by 464.8% in the first quarter. Royal Bank of Canada now owns 75,745 shares of the company’s stock valued at $3,214,000 after acquiring an additional 62,333 shares during the period. AQR Capital Management LLC increased its position in PHINIA by 62.3% during the first quarter. AQR Capital Management LLC now owns 22,343 shares of the company’s stock worth $938,000 after acquiring an additional 8,576 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in PHINIA by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,891 shares of the company’s stock worth $1,056,000 after acquiring an additional 1,093 shares during the period. Goldman Sachs Group Inc. raised its stake in PHINIA by 6.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock valued at $41,462,000 after purchasing an additional 58,875 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in PHINIA by 7.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,270 shares of the company’s stock valued at $4,000,000 after purchasing an additional 6,478 shares during the last quarter. 90.94% of the stock is owned by institutional investors.

PHINIA Stock Up 1.3%

PHIN stock opened at $68.94 on Friday. The firm has a market cap of $2.53 billion, a PE ratio of 19.75 and a beta of 1.17. PHINIA has a 1 year low of $50.79 and a 1 year high of $86.93. The company has a fifty day simple moving average of $76.96 and a 200 day simple moving average of $74.81. The company has a current ratio of 1.81, a quick ratio of 1.34 and a debt-to-equity ratio of 0.63.

PHINIA (NYSE:PHIN) last posted its 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 return on equity of 13.86% and a net margin of 3.73%.The business had revenue of $940.00 million for the quarter, compared to analyst estimates of $918.83 million. Sell-side analysts anticipate that PHINIA will post 6.18 EPS for the current fiscal year.

PHINIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a $0.30 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. PHINIA’s dividend payout ratio (DPR) is presently 34.38%.

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.