PHINIA Inc. (NYSE:PHIN) Receives $68.80 Consensus Target Price from Brokerages

Shares of PHINIA Inc. (NYSE:PHIN) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $74.8333.

Several research firms have recently weighed in on PHIN. Zacks Research raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. KeyCorp began coverage on shares of PHINIA in a report on Friday. They set an “overweight” rating and a $105.00 price objective for the company. Weiss Ratings raised shares of PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Freedom Capital cut shares of PHINIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd.

PHINIA Stock Down 1.8%

PHIN opened at $83.65 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.82 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average price of $75.69 and a 200-day moving average price of $69.71. PHINIA has a twelve month low of $41.59 and a twelve month high of $86.94. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 23.37 and a beta of 1.16.

PHINIA (NYSE:PHIN) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.16. PHINIA had a net margin of 3.96% and a return on equity of 13.23%. The firm had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $838.67 million. During the same period in the previous year, the company earned $0.94 earnings per share. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. Equities research analysts forecast that PHINIA will post 6.36 earnings per share for the current year.

PHINIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 9th. PHINIA’s dividend payout ratio is currently 33.52%.

Insider Buying and Selling

In other PHINIA news, VP Michael Coetzee sold 1,250 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $80.61, for a total transaction of $100,762.50. Following the completion of the sale, the vice president directly owned 27,009 shares of the company’s stock, valued at approximately $2,177,195.49. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Samantha Pombier sold 2,227 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $82.36, for a total transaction of $183,415.72. Following the sale, the vice president directly owned 6,637 shares of the company’s stock, valued at approximately $546,623.32. This represents a 25.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of PHINIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in PHINIA by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 4,510,133 shares of the company’s stock valued at $282,740,000 after buying an additional 44,599 shares during the last quarter. Lodge Hill Capital LLC increased its holdings in PHINIA by 450.8% during the first quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock valued at $162,966,000 after buying an additional 1,948,820 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in PHINIA by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,336,499 shares of the company’s stock valued at $159,901,000 after buying an additional 34,503 shares during the last quarter. Voss Capital LP increased its holdings in PHINIA by 2.8% during the fourth quarter. Voss Capital LP now owns 1,727,468 shares of the company’s stock valued at $108,295,000 after buying an additional 47,468 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in PHINIA by 4.7% during the third quarter. American Century Companies Inc. now owns 1,641,916 shares of the company’s stock valued at $94,377,000 after buying an additional 74,430 shares during the last quarter. 90.94% of the stock is owned by hedge funds and other institutional investors.

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.