PHINIA Inc. (NYSE:PHIN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

PHINIA Inc. (NYSE:PHIN) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $54.6667.

Several research analysts have recently weighed in on the company. Wall Street Zen upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a report on Saturday, July 26th. Bank of America boosted their target price on PHINIA from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. UBS Group restated a “neutral” rating and set a $55.00 target price (up from $52.00) on shares of PHINIA in a report on Friday, July 25th. Finally, Morgan Stanley boosted their target price on PHINIA from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Voss Capital LP lifted its holdings in PHINIA by 10.8% in the second quarter. Voss Capital LP now owns 2,290,000 shares of the company’s stock valued at $101,882,000 after acquiring an additional 222,658 shares during the last quarter. American Century Companies Inc. lifted its holdings in PHINIA by 3.1% in the second quarter. American Century Companies Inc. now owns 1,567,486 shares of the company’s stock valued at $69,737,000 after acquiring an additional 46,919 shares during the last quarter. LSV Asset Management lifted its holdings in PHINIA by 19.4% in the second quarter. LSV Asset Management now owns 1,199,218 shares of the company’s stock valued at $53,353,000 after acquiring an additional 194,627 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in PHINIA by 6.4% in the first quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock valued at $41,462,000 after acquiring an additional 58,875 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in PHINIA by 1.1% in the first quarter. Bridgeway Capital Management LLC now owns 456,832 shares of the company’s stock valued at $19,383,000 after acquiring an additional 4,911 shares during the last quarter. 90.94% of the stock is currently owned by institutional investors and hedge funds.

PHINIA Trading Up 0.1%

PHIN stock opened at $57.51 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.36 and a debt-to-equity ratio of 0.59. PHINIA has a 12-month low of $36.25 and a 12-month high of $59.88. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 0.51 and a beta of 1.48. The business’s 50-day moving average is $56.06 and its 200 day moving average is $47.76.

PHINIA (NYSE:PHIN) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.28. PHINIA had a return on equity of 10.74% and a net margin of 3.22%.The company had revenue of $890.00 million for the quarter, compared to analysts’ expectations of $836.51 million. During the same period in the previous year, the firm posted $0.88 EPS. PHINIA’s revenue was up 2.5% compared to the same quarter last year. PHINIA has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that PHINIA will post 4.21 EPS for the current fiscal year.

PHINIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 22nd. PHINIA’s payout ratio is currently 41.70%.

About PHINIA

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.