PHINIA (NYSE:PHIN) Stock Price Expected to Rise, UBS Group Analyst Says

PHINIA (NYSE:PHIN) had its target price upped by equities research analysts at UBS Group from $68.00 to $69.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group‘s price objective points to a potential upside of 9.91% from the stock’s previous close.

A number of other research firms also recently weighed in on PHIN. Wall Street Zen downgraded PHINIA from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Zacks Research raised PHINIA from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 29th. Weiss Ratings cut PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 16th. Finally, Northland Securities set a $98.00 price objective on shares of PHINIA in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.75.

PHINIA Stock Performance

Shares of PHIN opened at $62.78 on Friday. The company’s fifty day moving average price is $62.07 and its 200 day moving average price is $71.32. PHINIA has a one year low of $51.28 and a one year high of $86.93. The company has a market capitalization of $2.30 billion, a PE ratio of 12.66 and a beta of 1.19. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.70 and a quick ratio of 1.28.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $912.00 million for the quarter, compared to analyst estimates of $928.21 million. PHINIA had a net margin of 5.22% and a return on equity of 14.32%. As a group, analysts expect that PHINIA will post 6.25 earnings per share for the current year.

Insider Activity

In other news, CFO Chris P. Gropp sold 13,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $66.71, for a total value of $900,585.00. Following the sale, the chief financial officer directly owned 43,823 shares in the company, valued at approximately $2,923,432.33. This trade represents a 23.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher Gustanski sold 2,097 shares of PHINIA stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $66.97, for a total transaction of $140,436.09. Following the sale, the vice president directly owned 11,301 shares in the company, valued at $756,827.97. This trade represents a 15.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 55,270 shares of company stock valued at $3,698,592. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On PHINIA

Several institutional investors and hedge funds have recently added to or reduced their stakes in PHIN. Lodge Hill Capital LLC boosted its position in PHINIA by 450.8% in the first quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock valued at $162,966,000 after buying an additional 1,948,820 shares in the last quarter. Amundi increased its holdings in shares of PHINIA by 4,268.6% during the first quarter. Amundi now owns 200,693 shares of the company’s stock worth $13,735,000 after buying an additional 196,099 shares in the last quarter. Weiss Asset Management LP increased its holdings in shares of PHINIA by 345.9% during the first quarter. Weiss Asset Management LP now owns 72,300 shares of the company’s stock worth $4,948,000 after buying an additional 56,087 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of PHINIA by 90.4% during the first quarter. First Trust Advisors LP now owns 105,679 shares of the company’s stock worth $7,233,000 after buying an additional 50,189 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of PHINIA by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,336,499 shares of the company’s stock valued at $159,901,000 after acquiring an additional 34,503 shares during the last quarter. Institutional investors own 90.94% of the company’s stock.

PHINIA Company Profile

PHINIA Inc (NYSE:PHIN) is a global supplier of fuel systems, electrical systems and aftermarket products for automotive, commercial vehicle and industrial applications. The company develops technologies that support the performance, efficiency and emissions management of internal-combustion engines and other propulsion systems.

Its products include fuel injectors, fuel pumps and modules, fuel-system controls, ignition components, sensors, actuators and electronic control systems. PHINIA also supplies diesel fuel systems and related technologies for commercial vehicles and off-highway equipment, as well as replacement parts, service products and solutions through its aftermarket business.

PHINIA was established as an independent public company in 2023 after being spun off from BorgWarner.