PHINIA (NYSE:PHIN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of PHINIA (NYSE:PHIN) from a buy rating to a strong-buy rating in a research report released on Saturday.

Other research analysts have also recently issued reports about the company. Zacks Research raised PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Northland Securities raised 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. BNP Paribas raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Citigroup reissued a “neutral” rating on shares of PHINIA in a research report on Tuesday, October 14th. Finally, UBS Group decreased their price objective on PHINIA from $62.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.00.

PHINIA Stock Down 0.7%

PHIN stock opened at $68.73 on Friday. PHINIA has a twelve month low of $36.25 and a twelve month high of $70.03. The company has a quick ratio of 1.25, a current ratio of 1.72 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.64 billion, a PE ratio of 30.96 and a beta of 1.37. The business’s 50-day simple moving average is $57.91 and its 200 day simple moving average is $55.18.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.17 by $0.42. PHINIA had a return on equity of 11.64% and a net margin of 2.63%.The firm had revenue of $908.00 million during the quarter, compared to analysts’ expectations of $861.57 million. During the same quarter in the prior year, the firm posted $1.17 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, research analysts anticipate that PHINIA will post 4.21 earnings per share for the current year.

PHINIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, November 24th were given a dividend of $0.27 per share. The ex-dividend date was Monday, November 24th. This represents a $1.08 dividend on an annualized basis and a yield of 1.6%. PHINIA’s dividend payout ratio is 48.65%.

Insider Buying and Selling at PHINIA

In other news, VP Samantha Pombier sold 1,940 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $54.14, for a total transaction of $105,031.60. Following the sale, the vice president owned 8,869 shares in the company, valued at approximately $480,167.66. This represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $46,819.99. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On PHINIA

A number of hedge funds have recently added to or reduced their stakes in PHIN. UBS Group AG boosted its holdings in PHINIA by 222.9% in the third quarter. UBS Group AG now owns 466,053 shares of the company’s stock valued at $26,789,000 after acquiring an additional 321,708 shares during the last quarter. Voss Capital LP raised its holdings in PHINIA by 10.8% during the 2nd quarter. Voss Capital LP now owns 2,290,000 shares of the company’s stock worth $101,882,000 after purchasing an additional 222,658 shares during the last quarter. Teacher Retirement System of Texas lifted its position in PHINIA by 92.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 416,328 shares of the company’s stock valued at $23,931,000 after purchasing an additional 199,756 shares during the period. LSV Asset Management boosted its stake in shares of PHINIA by 19.4% in the 2nd quarter. LSV Asset Management now owns 1,199,218 shares of the company’s stock valued at $53,353,000 after purchasing an additional 194,627 shares during the last quarter. Finally, Heartland Advisors Inc. boosted its stake in shares of PHINIA by 157.0% in the 3rd quarter. Heartland Advisors Inc. now owns 257,018 shares of the company’s stock valued at $14,773,000 after purchasing an additional 157,018 shares during the last quarter. Institutional investors own 90.94% of the company’s stock.

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. 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.