PHINIA Inc. (NYSE:PHIN) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• PHINIA has a “Moderate Buy” consensus rating from eight analysts, with an average 12-month price target of $86.50. Ratings include three buys, three holds, one sell and one strong buy.
• The company’s latest quarter showed mixed results: earnings per share of $1.53 missed estimates of $1.57, while revenue of $940 million exceeded expectations of $918.83 million.
• PHINIA announced a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 2.0% yield. Meanwhile, insiders sold 47,770 shares worth approximately $3.23 million over the past 90 days.

PHINIA Inc. (NYSE:PHIN - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $86.50.

PHIN has been the subject of several recent research reports. Weiss Ratings upgraded PHINIA from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, September 1st. Northland Securities set a $98.00 price target on shares of PHINIA in a research report on Friday, July 31st. UBS Group decreased their price target on shares of PHINIA from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Zacks Research downgraded shares of PHINIA from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Finally, KeyCorp started coverage on shares of PHINIA in a research note on Friday, June 12th. They issued an "overweight" rating and a $105.00 price objective on the stock.

Insider Buying and Selling

In other PHINIA news, VP Todd L. Anderson sold 3,056 shares of the business's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $66.41, for a total transaction of $202,948.96. Following the completion of the sale, the vice president directly owned 26,736 shares of the company's stock, valued at approximately $1,775,537.76. The trade was a 10.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matthew Logar sold 1,257 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $66.33, for a total value of $83,376.81. Following the completion of the sale, the senior vice president directly owned 15,576 shares of the company's stock, valued at approximately $1,033,156.08. This trade represents a 7.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 47,770 shares of company stock worth $3,232,692 over the last ninety days. Insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PHIN. Larson Financial Group LLC raised its position in PHINIA by 151.5% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock valued at $27,000 after buying an additional 256 shares during the last quarter. Nykredit A S purchased a new position in PHINIA during the 2nd quarter worth $38,000. Integrated Wealth Concepts LLC purchased a new position in PHINIA during the 2nd quarter worth $39,000. Hantz Financial Services Inc. grew its stake in shares of PHINIA by 76.7% in the 4th quarter. Hantz Financial Services Inc. now owns 979 shares of the company's stock worth $61,000 after acquiring an additional 425 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of PHINIA in the 2nd quarter worth $84,000. Hedge funds and other institutional investors own 90.94% of the company's stock.

PHINIA Stock Performance

Shares of PHINIA stock opened at $61.08 on Thursday. PHINIA has a one year low of $50.79 and a one year high of $86.93. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 17.50 and a beta of 1.14. The business has a 50-day simple moving average of $73.35 and a 200 day simple moving average of $73.92. 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 (NYSE:PHIN - Get Free Report) last posted 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). PHINIA had a return on equity of 13.86% and a net margin of 3.73%.The firm had revenue of $940.00 million for the quarter, compared to analyst estimates of $918.83 million. On average, research analysts anticipate that PHINIA will post 6.18 earnings per share for the current fiscal year.

PHINIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, September 4th. PHINIA's dividend payout ratio is currently 34.38%.

About PHINIA

PHINIA Inc NYSE: PHIN is a global supplier of fuel systems, electrical systems and aftermarket products for commercial vehicles, passenger vehicles and industrial applications. The company's products are designed to support internal-combustion, hybrid and other powertrain technologies.

Its product portfolio includes fuel injectors, fuel pumps, fuel modules, electronic control units, sensors, actuators, ignition components, starters and alternators. PHINIA also provides replacement parts, diagnostic equipment and related service solutions through its aftermarket business, which serves original-equipment and independent repair channels.

PHINIA was established as an independent public company in 2023 through the separation of BorgWarner's fuel systems and aftermarket businesses.

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