PHINIA (NYSE:PHIN) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded PHINIA from “buy” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $83.50.
• PHINIA shares opened at $57.70, down 1.3%, and remain below their 50-day and 200-day moving averages. The company’s latest quarterly EPS of $1.53 narrowly missed estimates, although revenue exceeded expectations.
• Company insiders sold 55,270 shares worth approximately $3.7 million over the past quarter, while institutional investors own a substantial 90.94% of PHINIA’s outstanding stock.

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

Other equities research analysts have also issued research reports about the stock. Zacks Research upgraded shares of PHINIA from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 29th. Northland Securities set a $98.00 target price on PHINIA in a research report on Friday, July 31st. UBS Group lowered their price target on shares of PHINIA from $80.00 to $68.00 and set a "neutral" rating for the company in a research report on Wednesday. KeyCorp began coverage on PHINIA in a research note on Friday, June 12th. They set an "overweight" rating and a $105.00 price objective for the company. Finally, Weiss Ratings cut shares of PHINIA from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.50.

PHINIA Stock Down 1.3%

Shares of PHIN opened at $57.70 on Friday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 16.53 and a beta of 1.19. The business's 50 day simple moving average is $67.11 and its 200-day simple moving average is $73.07. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.81 and a quick ratio of 1.34. PHINIA has a 1 year low of $50.79 and a 1 year high of $86.93.

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

Insiders Place Their Bets

In other news, VP Todd Anderson sold 3,056 shares of the company's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $66.41, for a total value of $202,948.96. Following the sale, the vice president owned 26,736 shares in the company, valued at $1,775,537.76. This represents a 10.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert Boyle sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $62.12, for a total value of $465,900.00. Following the completion of the sale, the senior vice president owned 25,317 shares in the company, valued at approximately $1,572,692.04. This represents a 22.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 55,270 shares of company stock worth $3,698,592. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PHIN. Lodge Hill Capital LLC lifted its stake in shares of PHINIA by 450.8% in the 1st quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company's stock valued at $162,966,000 after purchasing an additional 1,948,820 shares during the last quarter. Amundi boosted its holdings in PHINIA by 4,268.6% in the first quarter. Amundi now owns 200,693 shares of the company's stock valued at $13,735,000 after purchasing an additional 196,099 shares in the last quarter. Prevatt Capital Ltd lifted its stake in shares of PHINIA by 18.8% in the 1st quarter. Prevatt Capital Ltd now owns 380,000 shares of the company's stock worth $26,007,000 after acquiring an additional 60,000 shares during the period. Weiss Asset Management LP lifted its position in PHINIA by 345.9% in the first 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 period. Finally, Atom Investors LP boosted its stake in shares of PHINIA by 53.4% in the fourth quarter. Atom Investors LP now owns 149,138 shares of the company's stock valued at $9,349,000 after buying an additional 51,937 shares in the last quarter. Hedge funds and other institutional investors own 90.94% of the company's stock.

PHINIA Company Profile

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.

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