PHINIA (NYSE:PHIN) Sets New 1-Year High at $42.48

PHINIA Inc. (NYSE:PHIN - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $42.48 and last traded at $42.48, with a volume of 110311 shares changing hands. The stock had previously closed at $41.08.

Analysts Set New Price Targets

Separately, Morgan Stanley initiated coverage on PHINIA in a research note on Monday, March 11th. They issued an "overweight" rating and a $50.00 target price for the company.

PHINIA Stock Up 3.0 %

The company has a quick ratio of 1.27, a current ratio of 1.71 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of $37.56 and a 200-day moving average price of $31.64.

PHINIA (NYSE:PHIN - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.34. The firm had revenue of $863.00 million during the quarter, compared to the consensus estimate of $800.00 million. PHINIA had a return on equity of 7.52% and a net margin of 3.06%. The business's quarterly revenue was up 3.4% compared to the same quarter last year. Equities analysts predict that PHINIA Inc. will post 4.05 earnings per share for the current year.

Institutional Trading of PHINIA

Several hedge funds have recently made changes to their positions in PHIN. Oakworth Capital Inc. bought a new stake in shares of PHINIA in the 3rd quarter worth approximately $27,000. Whittier Trust Co. acquired a new stake in PHINIA in the 3rd quarter valued at approximately $29,000. Parkside Financial Bank & Trust increased its position in PHINIA by 816.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 990 shares of the company's stock valued at $30,000 after acquiring an additional 882 shares during the period. Truvestments Capital LLC acquired a new stake in PHINIA in the 3rd quarter valued at approximately $35,000. Finally, Quarry LP acquired a new stake in PHINIA in the 4th quarter valued at approximately $37,000. Institutional investors own 90.94% of the company's stock.

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.