PHINIA Inc. (NYSE:PHIN) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• PHINIA Inc. has a consensus rating of "Moderate Buy", with three buy recommendations and one strong buy from analysts.
• The company reported $1.27 EPS, exceeding expectations by $0.28, and achieved a 2.5% increase in revenue compared to the previous year.
• PHINIA announced a quarterly dividend of $0.27, reflecting an annualized yield of 2.0% and a payout ratio of 41.70%.

Shares of PHINIA Inc. (NYSE:PHIN - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $53.1667.

Several research firms have weighed in on PHIN. BNP Paribas cut PHINIA from an "outperform" rating to a "neutral" rating and set a $46.00 price objective on the stock. in a research report on Wednesday, April 23rd. Wall Street Zen raised PHINIA from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. UBS Group reaffirmed a "neutral" rating and set a $55.00 price objective (up from $52.00) on shares of PHINIA in a research report on Friday, July 25th. Morgan Stanley lifted their price objective on PHINIA from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Tuesday. Finally, Bank of America lifted their price objective on PHINIA from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, May 15th.

PHINIA Stock Up 3.6%

Shares of NYSE:PHIN opened at $54.64 on Wednesday. PHINIA has a 1 year low of $36.25 and a 1 year high of $57.23. The company has a market cap of $2.13 billion, a PE ratio of 21.10, a P/E/G ratio of 0.49 and a beta of 1.51. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.86 and a quick ratio of 1.36. The stock's 50-day moving average is $47.16 and its 200 day moving average is $45.45.

PHINIA (NYSE:PHIN - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.28. PHINIA had a return on equity of 10.74% and a net margin of 3.22%. The company had revenue of $890.00 million for the quarter, compared to the consensus estimate of $836.51 million. During the same quarter in the previous year, the business earned $0.88 EPS. PHINIA's revenue was up 2.5% compared to the same quarter last year. Sell-side analysts anticipate that PHINIA will post 4.21 EPS for the current year.

PHINIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 22nd. PHINIA's payout ratio is currently 41.70%.

Insider Activity at PHINIA

In related news, Director Meggan M. Walsh purchased 1,400 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average cost of $42.71 per share, with a total value of $59,794.00. Following the transaction, the director directly owned 7,492 shares in the company, valued at $319,983.32. This trade represents a 22.98% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PHINIA

A number of hedge funds have recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its holdings in PHINIA by 3.1% in the 2nd quarter. Prudential Financial Inc. now owns 41,543 shares of the company's stock worth $1,848,000 after acquiring an additional 1,243 shares during the last quarter. Rock Creek Group LP raised its holdings in PHINIA by 16.8% in the 2nd quarter. Rock Creek Group LP now owns 40,891 shares of the company's stock worth $1,819,000 after acquiring an additional 5,891 shares during the last quarter. Covalis Capital LLP purchased a new stake in PHINIA during the 2nd quarter valued at $5,354,000. American Century Companies Inc. raised its stake in PHINIA by 3.1% during the 2nd quarter. American Century Companies Inc. now owns 1,567,486 shares of the company's stock valued at $69,737,000 after buying an additional 46,919 shares during the last quarter. Finally, EMC Capital Management purchased a new stake in PHINIA during the 2nd quarter valued at $39,000. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

About PHINIA

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.

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