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

Shares of PHINIA Inc. (NYSE:PHIN) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $63.1667.

A number of brokerages recently commented on PHIN. Wall Street Zen upgraded PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 10th. Weiss Ratings restated a “hold (c)” rating on shares of PHINIA in a research report on Monday, December 29th. Northland Securities increased their price objective on shares of PHINIA from $65.00 to $79.00 and gave the stock an “outperform” rating in a report on Tuesday, December 30th. Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Finally, BNP Paribas Exane upgraded shares of PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 target price for the company in a research report on Monday, November 3rd.

PHINIA Stock Up 2.1%

NYSE:PHIN opened at $71.29 on Wednesday. The firm has a market capitalization of $2.74 billion, a PE ratio of 32.11 and a beta of 1.37. The stock has a 50 day moving average of $63.09 and a 200-day moving average of $57.67. PHINIA has a 52 week low of $36.25 and a 52 week high of $72.04. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61.

PHINIA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be given a $0.30 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.20 annualized dividend and a yield of 1.7%. This is an increase from PHINIA’s previous quarterly dividend of $0.27. PHINIA’s payout ratio is 48.65%.

Insider Buying and Selling at PHINIA

In related news, VP Hongyong Yang sold 893 shares of PHINIA stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $52.43, for a total transaction of $46,819.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Samantha Pombier sold 1,940 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $54.14, for a total transaction of $105,031.60. Following the completion of the sale, the vice president directly owned 8,869 shares of the company’s stock, valued at $480,167.66. The trade was a 17.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.00% of the stock is owned by insiders.

Institutional Trading of PHINIA

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its position in PHINIA by 464.8% in the first quarter. Royal Bank of Canada now owns 75,745 shares of the company’s stock worth $3,214,000 after buying an additional 62,333 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of PHINIA by 62.3% in the 1st 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of PHINIA by 4.6% in the 1st 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 last quarter. Goldman Sachs Group Inc. raised its position in shares of PHINIA by 6.4% during the first quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock worth $41,462,000 after purchasing an additional 58,875 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of PHINIA by 7.4% during the first 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. Institutional investors 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.