PHINIA Inc. (NYSE:PHIN) Stock Has Consensus Target Price of $83.50 According to Brokerages

Shares of PHINIA Inc. (NYSE:PHIN) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $83.50.

A number of research firms have recently commented on PHIN. Northland Securities set a $98.00 price objective on PHINIA in a report on Friday, July 31st. UBS Group cut their target price on PHINIA from $80.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Zacks Research upgraded PHINIA from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 29th. Weiss Ratings downgraded PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 16th. Finally, Wall Street Zen downgraded PHINIA from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th.

Insiders Place Their Bets

In other news, CEO Brady D. Ericson sold 27,860 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $68.39, for a total transaction of $1,905,345.40. Following the completion of the sale, the chief executive officer owned 330,497 shares in the company, valued at approximately $22,602,689.83. The trade was a 7.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Christopher Gustanski sold 2,097 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $66.97, for a total transaction of $140,436.09. Following the sale, the vice president directly owned 11,301 shares of the company’s stock, valued at approximately $756,827.97. This trade represents a 15.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 55,270 shares of company stock worth $3,698,592. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nykredit A S acquired a new stake in shares of PHINIA in the second quarter worth $38,000. Integrated Wealth Concepts LLC purchased a new position in shares of PHINIA in the 2nd quarter valued at $39,000. C M Bidwell & Associates Ltd. purchased a new position in shares of PHINIA in the 2nd quarter valued at $84,000. EverSource Wealth Advisors LLC lifted its holdings in shares of PHINIA by 49.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,132 shares of the company’s stock valued at $77,000 after acquiring an additional 376 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of PHINIA during the 2nd quarter valued at $104,000. 90.94% of the stock is owned by institutional investors and hedge funds.

PHINIA Stock Performance

Shares of PHIN stock opened at $56.02 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.34 and a current ratio of 1.81. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 16.05 and a beta of 1.19. PHINIA has a one year low of $51.28 and a one year high of $86.93. The company has a 50 day moving average price of $65.80 and a 200 day moving average price of $72.87.

PHINIA (NYSE:PHIN) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.04). The company had revenue of $940.00 million during the quarter, compared to analyst estimates of $918.83 million. PHINIA had a net margin of 3.73% and a return on equity of 13.86%. Sell-side analysts anticipate that PHINIA will post 6.18 EPS for the current year.

PHINIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, September 4th. PHINIA’s dividend payout ratio (DPR) is 34.38%.

About PHINIA

PHINIA Inc (NYSE: PHIN) is a global automotive technology company that develops and manufactures fuel systems, electrical systems and electrification components for commercial vehicles, passenger vehicles and other mobility applications. The company serves original equipment manufacturers as well as the automotive aftermarket.

PHINIA’s products include gasoline and diesel fuel-injection systems, fuel pumps and modules, injectors, ignition coils, glow plugs, alternators and starters. Its electrification portfolio includes components such as high-voltage systems, battery-related technologies and power-conversion products designed to support hybrid and electric vehicles.

The company also supplies replacement parts and service solutions through its aftermarket business, including products marketed under the Delphi brand.