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

Key Points

• Analysts maintain a “Moderate Buy” consensus on PHINIA, with four buy ratings, one strong buy, three holds and one sell. The average 12-month price target is $82.00, compared with the stock’s $72.61 opening price.
• PHINIA’s latest quarterly results were mixed: revenue of $940 million exceeded expectations, but earnings per share of $1.53 fell short of the $1.57 consensus estimate. Analysts expect full-year EPS of approximately $6.18.
• The company declared a quarterly dividend of $0.30 per share, equivalent to a $1.20 annual payout and a 1.7% yield. Institutional investors own 90.94% of PHINIA, while recent insider transactions involved share sales by two vice presidents.

Shares of PHINIA Inc. (NYSE:PHIN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $82.00.

A number of brokerages have recently commented on PHIN. Zacks Research lowered shares of PHINIA from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. KeyCorp began coverage on PHINIA in a report on Friday, June 12th. They issued an "overweight" rating and a $105.00 price target for the company. Weiss Ratings cut PHINIA from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. UBS Group reduced their price objective on PHINIA from $81.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Finally, Wall Street Zen lowered PHINIA from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th.

PHINIA Stock Up 1.4%

Shares of PHIN opened at $72.61 on Friday. The firm has a fifty day moving average price of $78.08 and a 200-day moving average price of $74.87. The company has a current ratio of 1.81, a quick ratio of 1.34 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2.66 billion, a P/E ratio of 20.81 and a beta of 1.17. PHINIA has a 12-month low of $50.79 and a 12-month high of $86.93.

PHINIA (NYSE:PHIN - Get Free Report) last posted 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 return on equity of 13.86% and a net margin of 3.73%.The company had revenue of $940.00 million during the quarter, compared to analysts' expectations of $918.83 million. Equities research analysts expect that PHINIA will post 6.18 earnings per share for the current year.

PHINIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, September 4th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. PHINIA's dividend payout ratio (DPR) is currently 34.38%.

Insider Activity

In other PHINIA news, VP Michael Coetzee sold 1,250 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $80.61, for a total transaction of $100,762.50. Following the transaction, the vice president directly owned 27,009 shares in the company, valued at $2,177,195.49. This represents a 4.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Samantha Pombier sold 2,227 shares of the firm's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $82.36, for a total transaction of $183,415.72. Following the transaction, the vice president directly owned 6,637 shares in the company, valued at $546,623.32. This trade represents a 25.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On PHINIA

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Lodge Hill Capital LLC increased its holdings in PHINIA by 450.8% during the first quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company's stock valued at $162,966,000 after buying an additional 1,948,820 shares during the period. ION Fund Management Ltd purchased a new stake in PHINIA during the fourth quarter worth $32,285,000. Freestone Grove Partners LP lifted its holdings in PHINIA by 1,206.1% during the fourth quarter. Freestone Grove Partners LP now owns 557,097 shares of the company's stock worth $34,924,000 after buying an additional 514,442 shares during the period. UBS Group AG boosted its position in PHINIA by 222.9% during the 3rd quarter. UBS Group AG now owns 466,053 shares of the company's stock valued at $26,789,000 after acquiring an additional 321,708 shares in the last quarter. Finally, Amundi boosted its position in PHINIA by 4,268.6% during the 1st quarter. Amundi now owns 200,693 shares of the company's stock valued at $13,735,000 after acquiring an additional 196,099 shares in the last quarter. 90.94% of the stock is currently owned by 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. 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.

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