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

PHINIA Inc. (NYSE:PHIN) has been given an average rating of “Moderate Buy” by the nine brokerages that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $68.80.

A number of research firms have recently commented on PHIN. UBS Group reissued a “neutral” rating and set a $76.00 target price on shares of PHINIA in a research note on Friday, February 13th. Freedom Capital lowered shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Zacks Research upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Wall Street Zen upgraded PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PHINIA in a report on Monday, December 29th.

Insider Buying and Selling at PHINIA

In other news, VP Neil Fryer sold 624 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $72.75, for a total transaction of $45,396.00. Following the completion of the sale, the vice president owned 18,180 shares of the company’s stock, valued at $1,322,595. This represents a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher Gustanski sold 3,812 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $72.73, for a total transaction of $277,246.76. Following the completion of the sale, the vice president owned 14,871 shares of the company’s stock, valued at $1,081,567.83. This trade represents a 20.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of PHINIA

Several large investors have recently bought and sold shares of the business. ProShare Advisors LLC raised its holdings in PHINIA by 1.9% in the 4th quarter. ProShare Advisors LLC now owns 7,409 shares of the company’s stock valued at $464,000 after acquiring an additional 141 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV boosted its holdings in shares of PHINIA by 2.7% during the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 5,816 shares of the company’s stock worth $365,000 after purchasing an additional 155 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of PHINIA by 2.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,748 shares of the company’s stock valued at $548,000 after purchasing an additional 207 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of PHINIA by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 9,913 shares of the company’s stock valued at $441,000 after purchasing an additional 212 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of PHINIA by 34.4% in the third quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock valued at $50,000 after purchasing an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.

PHINIA Trading Up 2.2%

Shares of NYSE:PHIN opened at $68.83 on Thursday. PHINIA has a 1 year low of $36.25 and a 1 year high of $81.11. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 21.18 and a beta of 1.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.36. The business’s 50 day moving average price is $70.52 and its 200-day moving average price is $61.81.

PHINIA (NYSE:PHIN) last issued its quarterly earnings results on Thursday, February 12th. The company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.17). The company had revenue of $889.00 million during the quarter, compared to analysts’ expectations of $843.59 million. PHINIA had a return on equity of 12.56% and a net margin of 3.73%.PHINIA’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. On average, equities research analysts forecast that PHINIA will post 4.21 earnings per share for the current fiscal year.

PHINIA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were given a dividend of $0.30 per share. The ex-dividend date was Friday, March 6th. This is a positive change from PHINIA’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. PHINIA’s dividend payout ratio (DPR) is presently 36.92%.

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.