PHINIA (NYSE:PHIN) Raised to "Buy" at Wall Street Zen

PHINIA (NYSE:PHIN - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

A number of other research firms also recently issued reports on PHIN. Weiss Ratings downgraded shares of PHINIA from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Northland Securities set a $98.00 target price on shares of PHINIA in a report on Friday, July 31st. UBS Group dropped their price target on shares of PHINIA from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, July 31st. KeyCorp initiated coverage on PHINIA in a research note on Friday, June 12th. They issued an "overweight" rating and a $105.00 price target for the company. Finally, Zacks Research downgraded PHINIA from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, PHINIA currently has an average rating of "Moderate Buy" and a consensus target price of $82.00.

PHINIA Stock Up 1.3%

PHIN opened at $68.94 on Friday. The stock has a fifty day moving average of $76.96 and a 200-day moving average of $74.81. The company has a market capitalization of $2.53 billion, a P/E ratio of 19.75 and a beta of 1.17. PHINIA has a fifty-two week low of $50.79 and a fifty-two week high of $86.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.34 and a current ratio of 1.81.

PHINIA (NYSE:PHIN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.04). PHINIA had a net margin of 3.73% and a return on equity of 13.86%. The business had revenue of $940.00 million during the quarter, compared to analyst estimates of $918.83 million. On average, equities analysts expect that PHINIA will post 6.18 EPS for the current year.

Insider Transactions at PHINIA

In other news, VP Michael Coetzee sold 1,250 shares of the business'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 value of $100,762.50. Following the completion of the transaction, the vice president directly owned 27,009 shares in the company, valued at approximately $2,177,195.49. The trade was a 4.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Samantha Pombier sold 2,227 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The stock was 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 trade represents a 25.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On PHINIA

Several institutional investors and hedge funds have recently added to or reduced their stakes in PHIN. Intech Investment Management LLC boosted its stake in shares of PHINIA by 634.1% in the 4th quarter. Intech Investment Management LLC now owns 119,432 shares of the company's stock valued at $7,487,000 after purchasing an additional 103,162 shares in the last quarter. Voss Capital LP grew its holdings in shares of PHINIA by 2.8% during the 4th quarter. Voss Capital LP now owns 1,727,468 shares of the company's stock valued at $108,295,000 after purchasing an additional 47,468 shares during the last quarter. Vanguard Group Inc. increased its position in PHINIA by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,510,133 shares of the company's stock worth $282,740,000 after purchasing an additional 44,599 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in PHINIA during the 4th quarter worth approximately $8,639,000. Finally, Weiss Asset Management LP lifted its stake in PHINIA by 345.9% in the 1st quarter. Weiss Asset Management LP now owns 72,300 shares of the company's stock valued at $4,948,000 after purchasing an additional 56,087 shares during the last quarter. 90.94% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source