PHINIA Inc. (NYSE:PHIN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

PHINIA Inc. (NYSE:PHIN) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $86.50.

Several research firms recently commented on PHIN. KeyCorp initiated coverage on shares of PHINIA in a research report on Friday, June 12th. They issued an “overweight” rating and a $105.00 price objective on the stock. Wall Street Zen upgraded PHINIA from a “hold” rating to a “buy” rating in a report on Monday, September 14th. Zacks Research lowered shares of PHINIA from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Weiss Ratings lowered PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 16th. Finally, UBS Group reduced their target price on PHINIA from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, July 31st.

PHINIA Trading Down 1.7%

Shares of NYSE PHIN opened at $60.35 on Thursday. PHINIA has a fifty-two week low of $50.79 and a fifty-two week high of $86.93. The firm has a market capitalization of $2.21 billion, a P/E ratio of 17.29 and a beta of 1.14. 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’s 50 day simple moving average is $72.33 and its 200 day simple moving average is $73.68.

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

PHINIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 4th. PHINIA’s dividend payout ratio (DPR) is presently 34.38%.

Insider Activity at PHINIA

In other news, SVP Robert Boyle sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $62.12, for a total transaction of $465,900.00. Following the completion of the sale, the senior vice president directly owned 25,317 shares in the company, valued at approximately $1,572,692.04. This represents a 22.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher Gustanski sold 2,097 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $66.97, for a total transaction of $140,436.09. Following the sale, the vice president owned 11,301 shares in the company, valued at $756,827.97. The trade was a 15.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 55,270 shares of company stock valued at $3,698,592. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC increased its holdings in shares of PHINIA by 11.7% during the second quarter. Tidal Investments LLC now owns 8,699 shares of the company’s stock worth $717,000 after buying an additional 914 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of PHINIA during the 2nd quarter valued at $39,000. Nykredit A S bought a new stake in PHINIA during the 2nd quarter worth $38,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in PHINIA during the 2nd quarter worth $346,000. Finally, Odyssean LLC acquired a new position in PHINIA in the 2nd quarter worth about $358,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

About PHINIA

PHINIA Inc (NYSE: PHIN) is a global supplier of fuel systems, electrical systems and aftermarket products for commercial vehicles, passenger vehicles and industrial applications. The company’s products are designed to support internal-combustion, hybrid and other powertrain technologies.

Its product portfolio includes fuel injectors, fuel pumps, fuel modules, electronic control units, sensors, actuators, ignition components, starters and alternators. PHINIA also provides replacement parts, diagnostic equipment and related service solutions through its aftermarket business, which serves original-equipment and independent repair channels.

PHINIA was established as an independent public company in 2023 through the separation of BorgWarner’s fuel systems and aftermarket businesses.